LendingClub Corp (NYSE:LC) insider Valerie Kay sold 1,900 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $14.54, for a total transaction of $27,626.00. Following the sale, the insider now owns 53,565 shares in the company, valued at $778,835.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Valerie Kay also recently made the following trade(s):
- On Wednesday, October 9th, Valerie Kay sold 10,000 shares of LendingClub stock. The stock was sold at an average price of $24.53, for a total transaction of $245,300.00.
- On Friday, October 11th, Valerie Kay sold 1,900 shares of LendingClub stock. The stock was sold at an average price of $11.78, for a total transaction of $22,382.00.
Shares of NYSE:LC traded down $0.47 during midday trading on Friday, reaching $13.53. 498,636 shares of the company were exchanged, compared to its average volume of 519,787. LendingClub Corp has a fifty-two week low of $10.89 and a fifty-two week high of $18.85. The company has a quick ratio of 4.20, a current ratio of 5.93 and a debt-to-equity ratio of 1.97. The stock has a fifty day simple moving average of $12.88 and a two-hundred day simple moving average of $10.01. The firm has a market cap of $1.26 billion, a PE ratio of -38.66 and a beta of 1.60.
LendingClub (NYSE:LC) last issued its quarterly earnings data on Tuesday, November 5th. The credit services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. LendingClub had a negative net margin of 5.91% and a negative return on equity of 1.02%. The business had revenue of $204.90 million for the quarter, compared to analyst estimates of $204.63 million. During the same period last year, the business posted $0.03 earnings per share. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, analysts forecast that LendingClub Corp will post -0.04 earnings per share for the current year.
Hedge funds have recently modified their holdings of the business. Aperio Group LLC acquired a new stake in LendingClub in the 2nd quarter valued at $32,000. Tower Research Capital LLC TRC acquired a new stake in LendingClub in the 3rd quarter valued at $33,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in LendingClub in the 2nd quarter valued at $54,000. Mizuho Securities Co. Ltd. acquired a new stake in LendingClub in the 2nd quarter valued at $66,000. Finally, Prudential Financial Inc. increased its stake in 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 buying an additional 1,930 shares during the last quarter.
A number of equities research analysts recently commented on the stock. BTIG Research dropped 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. ValuEngine upgraded shares of LendingClub from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Maxim Group restated a “buy” rating and set a $23.00 price objective on shares of LendingClub in a report on Thursday, November 7th. Finally, Zacks Investment Research upgraded shares of LendingClub from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Saturday, November 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. LendingClub presently has a consensus rating of “Buy” and an average target price of $20.80.
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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