Lendingclub (NASDAQ:HAPN) Price Target Raised to $25.00 at BTIG Research

Lendingclub (NASDAQ:HAPNGet Free Report) had its price target boosted by research analysts at BTIG Research from $20.00 to $25.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price objective indicates a potential upside of 22.19% from the stock’s current price.

Separately, Weiss Ratings started coverage on shares of Lendingclub in a research report on Thursday. They issued a “hold (c+)” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

View Our Latest Stock Report on Lendingclub

Lendingclub Stock Up 1.8%

Shares of NASDAQ HAPN opened at $20.46 on Tuesday. The stock has a market cap of $2.36 billion, a PE ratio of 13.49 and a beta of 1.98. Lendingclub has a 1 year low of $11.75 and a 1 year high of $21.67.

Insider Buying and Selling

In related news, CEO Scott Sanborn sold 28,750 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $19.17, for a total value of $551,137.50. Following the completion of the sale, the chief executive officer directly owned 1,561,063 shares of the company’s stock, valued at approximately $29,925,577.71. This represents a 1.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.31% of the company’s stock.

About Lendingclub

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I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.

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