Shares of LendingClub Co. (NYSE:LC) have received an average recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $11.40.
A number of brokerages have recently commented on LC. Credit Suisse Group lifted their target price on LendingClub from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, April 29th. Zacks Investment Research cut LendingClub from a “hold” rating to a “sell” rating in a report on Monday, March 15th. Finally, Wedbush boosted their price objective on LendingClub from $14.00 to $20.50 and gave the company an “outperform” rating in a report on Wednesday, March 17th. They noted that the move was a valuation call.
In other LendingClub news, CEO Scott Sanborn sold 6,249 shares of LendingClub stock in a transaction on Wednesday, April 7th. The stock was sold at an average price of $16.00, for a total transaction of $99,984.00. Following the completion of the sale, the chief executive officer now directly owns 779,229 shares of the company’s stock, valued at approximately $12,467,664. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Valerie Kay sold 2,560 shares of LendingClub stock in a transaction on Tuesday, March 2nd. The shares were sold at an average price of $11.72, for a total value of $30,003.20. Following the sale, the insider now directly owns 81,174 shares of the company’s stock, valued at $951,359.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,880 shares of company stock valued at $289,981. 4.48% of the stock is owned by company insiders.
NYSE LC traded down $0.12 during trading on Thursday, hitting $14.96. 86,793 shares of the stock traded hands, compared to its average volume of 2,628,241. The company has a market capitalization of $1.45 billion, a P/E ratio of -6.45 and a beta of 1.74. The firm has a 50-day simple moving average of $16.37 and a 200-day simple moving average of $11.05. The company has a quick ratio of 4.14, a current ratio of 4.70 and a debt-to-equity ratio of 1.13. LendingClub has a 12-month low of $4.32 and a 12-month high of $22.68.
LendingClub (NYSE:LC) last announced its earnings results on Wednesday, April 28th. The credit services provider reported ($0.49) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.82) by $0.33. The firm had revenue of $105.80 million during the quarter, compared to analysts’ expectations of $89.93 million. LendingClub had a negative return on equity of 13.79% and a negative net margin of 37.60%. The company’s quarterly revenue was up 40.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.10) EPS. As a group, research analysts predict that LendingClub will post -1.48 EPS for the current fiscal year.
LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans.
Read More: What is the definition of arbitrage?
Receive News & Ratings for LendingClub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingClub and related companies with MarketBeat.com's FREE daily email newsletter.