LendingClub Corporation (NYSE: LC) has recently received a number of price target changes and ratings updates:

  • 10/10/2017 – LendingClub Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “LendingClub Corporation provides internet financial services. The Company offers online marketplace for loan approval, pricing, servicing and support operations as well as regulatory and legal framework which connects borrowers and investors. LendingClub Corporation is headquartered in San Francisco, California. “
  • 10/2/2017 – LendingClub Corporation was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/1/2017 – LendingClub Corporation had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $7.00 price target on the stock.
  • 9/27/2017 – LendingClub Corporation had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $9.00 price target on the stock.
  • 9/4/2017 – LendingClub Corporation was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $6.55 price target on the stock.
  • 8/23/2017 – LendingClub Corporation was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/18/2017 – LendingClub Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “LendingClub Corporation provides internet financial services. The Company offers online marketplace for loan approval, pricing, servicing and support operations as well as regulatory and legal framework which connects borrowers and investors. LendingClub Corporation is headquartered in San Francisco, California. “
  • 8/16/2017 – LendingClub Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $6.55 price target on the stock.
  • 8/15/2017 – LendingClub Corporation was given a new $6.00 price target on by analysts at Wedbush. They now have a “hold” rating on the stock.
  • 8/14/2017 – LendingClub Corporation was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

LendingClub Corporation (NYSE:LC) last announced its quarterly 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). LendingClub Corporation had a negative net margin of 24.52% and a negative return on equity of 11.97%. The company had revenue of $139.60 million for the quarter, compared to analysts’ expectations of $134.02 million. During the same quarter in the previous year, the business posted ($0.09) earnings per share. LendingClub Corporation’s quarterly revenue was up 35.0% on a year-over-year basis.

In other news, Director Daniel T. Ciporin acquired 10,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of $5.92 per share, with a total value of $59,200.00. Following the completion of the purchase, the director now directly owns 1,014,809 shares of the company’s stock, valued at $6,007,669.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott Sanborn sold 46,667 shares of LendingClub Corporation stock in a transaction on Monday, August 14th. The stock was sold at an average price of $5.77, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 213,070 shares of company stock worth $1,283,225 in the last 90 days. 11.40% of the stock is currently owned by company insiders.

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.

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