Maxim Group reiterated their buy rating on shares of LendingClub (NYSE:LC) in a research report report published on Thursday morning, AnalystRatings.com reports. They currently have a $23.00 price objective on the credit services provider’s stock.
A number of other brokerages have also commented on LC. Morgan Stanley cut their price objective on shares of LendingClub from $23.75 to $17.00 and set an equal weight rating on the stock in a report on Friday, July 12th. ValuEngine upgraded shares of LendingClub from a sell rating to a hold rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered shares of LendingClub from a buy rating to a hold rating in a report on Saturday, October 12th. Finally, BTIG Research cut their price objective on shares of LendingClub from $30.00 to $23.00 and set a buy rating on the stock in a report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $20.80.
Shares of NYSE:LC traded up $0.11 during midday trading on Thursday, hitting $14.76. 505,843 shares of the company’s stock traded hands, compared to its average volume of 551,475. The company has a debt-to-equity ratio of 2.11, a quick ratio of 5.81 and a current ratio of 7.06. The company has a market cap of $1.27 billion, a PE ratio of -42.17 and a beta of 1.60. The firm’s fifty day moving average price is $12.90 and its two-hundred day moving average price is $9.68. LendingClub has a twelve month low of $10.89 and a twelve month high of $18.85.
In other news, Director Susan C. Athey sold 6,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $15.04, for a total value of $90,240.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Valerie Kay sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $24.53, for a total transaction of $245,300.00. Insiders sold a total of 28,563 shares of company stock worth $510,603 in the last quarter. 4.20% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Prudential Financial Inc. raised its stake in shares of LendingClub by 9.0% in the 2nd quarter. Prudential Financial Inc. now owns 23,470 shares of the credit services provider’s stock valued at $77,000 after purchasing an additional 1,930 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of LendingClub in the 3rd quarter valued at about $33,000. Aperio Group LLC acquired a new stake in shares of LendingClub in the 2nd quarter valued at about $32,000. Joel Isaacson & Co. LLC raised its stake in shares of LendingClub by 9.7% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 171,478 shares of the credit services provider’s stock valued at $562,000 after purchasing an additional 15,198 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of LendingClub by 3.0% in the 2nd quarter. Swiss National Bank now owns 559,800 shares of the credit services provider’s stock valued at $1,836,000 after purchasing an additional 16,100 shares in the last quarter.
LendingClub Company Profile
LendingClub Corporation operates an online lending marketplace platform that connects borrowers and investors in the United States. The company's marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient installment loans, auto refinance loans, and small business loans.
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