LendingClub Corporation (NYSE:LC) CEO Scott Sanborn sold 46,667 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $5.77, for a total value of $269,268.59. Following the transaction, the chief executive officer now directly owns 970,337 shares of the company’s stock, valued at $5,598,844.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Scott Sanborn also recently made the following trade(s):

  • On Friday, May 26th, Scott Sanborn sold 18,028 shares of LendingClub Corporation stock. The shares were sold at an average price of $5.70, for a total value of $102,759.60.

LendingClub Corporation (LC) traded up 0.34% during midday trading on Tuesday, reaching $5.83. The company had a trading volume of 4,006,217 shares. LendingClub Corporation has a 52 week low of $4.64 and a 52 week high of $6.78. The company’s market capitalization is $2.40 billion. The firm has a 50-day moving average price of $5.42 and a 200-day moving average price of $5.62.

LendingClub Corporation (NYSE:LC) last issued its earnings results on Monday, August 7th. The credit services provider reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $139.60 million during the quarter, compared to the consensus estimate of $134.02 million. LendingClub Corporation had a negative net margin of 24.52% and a negative return on equity of 11.97%. LendingClub Corporation’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.09) EPS. Analysts expect that LendingClub Corporation will post $0.05 EPS for the current fiscal year.

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LC has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $8.00 price target on shares of LendingClub Corporation in a report on Tuesday, April 18th. Zacks Investment Research lowered LendingClub Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Vetr raised LendingClub Corporation from a “hold” rating to a “buy” rating and set a $6.10 price target for the company in a report on Wednesday, May 24th. UBS AG raised LendingClub Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 3rd. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $7.00 price target on shares of LendingClub Corporation in a report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.78.

A number of hedge funds and other institutional investors have recently modified their holdings of LC. SG Americas Securities LLC increased its position in shares of LendingClub Corporation by 0.4% in the first quarter. SG Americas Securities LLC now owns 43,485 shares of the credit services provider’s stock valued at $239,000 after buying an additional 171 shares in the last quarter. Amalgamated Bank increased its position in shares of LendingClub Corporation by 0.7% in the second quarter. Amalgamated Bank now owns 41,156 shares of the credit services provider’s stock valued at $227,000 after buying an additional 276 shares in the last quarter. Prudential Financial Inc. increased its position in shares of LendingClub Corporation by 3.6% in the first quarter. Prudential Financial Inc. now owns 21,680 shares of the credit services provider’s stock valued at $119,000 after buying an additional 760 shares in the last quarter. Malaga Cove Capital LLC increased its position in shares of LendingClub Corporation by 3.7% in the first quarter. Malaga Cove Capital LLC now owns 27,800 shares of the credit services provider’s stock valued at $147,000 after buying an additional 1,000 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of LendingClub Corporation by 4.3% in the second quarter. Nisa Investment Advisors LLC now owns 36,240 shares of the credit services provider’s stock valued at $200,000 after buying an additional 1,500 shares in the last quarter. 91.72% of the stock is owned by institutional investors.

LendingClub Corporation Company Profile

LendingClub Corporation provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that has been closed to many investors and only available on a limited basis to large institutional investors.

Insider Buying and Selling by Quarter for LendingClub Corporation (NYSE:LC)

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