LendingClub (LC) Scheduled to Post Quarterly Earnings on Tuesday

LendingClub (NYSE:LC) will announce its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.

Shares of LendingClub (LC) opened at $3.75 on Tuesday. The company has a debt-to-equity ratio of 3.52, a current ratio of 18.02 and a quick ratio of 16.90. LendingClub has a one year low of $3.29 and a one year high of $6.78.

LC has been the subject of several analyst reports. Needham & Company LLC initiated coverage on shares of LendingClub in a research note on Wednesday, November 1st. They issued a “buy” rating and a $7.00 price objective for the company. BidaskClub lowered shares of LendingClub from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 21st. Morgan Stanley decreased their price objective on shares of LendingClub from $7.00 to $6.50 and set an “overweight” rating for the company in a research note on Wednesday, November 8th. Canaccord Genuity reiterated a “hold” rating and issued a $7.00 price objective on shares of LendingClub in a research note on Monday, November 6th. Finally, Stifel Nicolaus decreased their price objective on shares of LendingClub from $5.00 to $4.50 and set a “hold” rating for the company in a research note on Friday, December 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $6.54.

In related news, major shareholder Tian Qiao Chen purchased 21,927,175 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was bought at an average price of $3.90 per share, for a total transaction of $85,515,982.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 9.72% of the company’s stock.

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About LendingClub

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.

Earnings History for LendingClub (NYSE:LC)

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