LendingClub Corp (NYSE:LC) insider Valerie Kay sold 6,439 shares of the firm’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $4.66, for a total value of $30,005.74. Following the transaction, the insider now owns 78,374 shares of the company’s stock, valued at $365,222.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of NYSE:LC opened at $4.71 on Thursday. The stock has a market capitalization of $336.84 million, a price-to-earnings ratio of -2.39 and a beta of 1.14. The company has a debt-to-equity ratio of 1.70, a quick ratio of 3.93 and a current ratio of 5.66. The stock’s 50-day simple moving average is $5.25 and its two-hundred day simple moving average is $6.06. LendingClub Corp has a 52-week low of $4.32 and a 52-week high of $15.29.
LendingClub (NYSE:LC) last announced its earnings results on Tuesday, August 4th. The credit services provider reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by ($0.02). The firm had revenue of $43.90 million during the quarter, compared to analysts’ expectations of $59.53 million. LendingClub had a negative return on equity of 9.42% and a negative net margin of 22.73%. The company’s revenue for the quarter was down 77.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) earnings per share. As a group, equities analysts forecast that LendingClub Corp will post -1.66 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of LC. Aperio Group LLC purchased a new position in shares of LendingClub during the 1st quarter valued at about $139,000. Rhumbline Advisers lifted its position in shares of LendingClub by 10.4% during the 1st quarter. Rhumbline Advisers now owns 116,452 shares of the credit services provider’s stock valued at $914,000 after buying an additional 11,005 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of LendingClub by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 297,205 shares of the credit services provider’s stock valued at $2,333,000 after buying an additional 6,546 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in LendingClub by 105.9% in the 1st quarter. Russell Investments Group Ltd. now owns 200,367 shares of the credit services provider’s stock worth $1,573,000 after purchasing an additional 103,039 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in LendingClub in the 1st quarter worth approximately $209,000. 85.64% of the stock is currently owned by hedge funds and other institutional investors.
LC has been the subject of several research analyst reports. Oppenheimer downgraded LendingClub from an “outperform” rating to a “market perform” rating in a report on Thursday, July 9th. Zacks Investment Research downgraded LendingClub from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Maxim Group reiterated a “hold” rating on shares of LendingClub in a report on Thursday, August 6th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $12.00 price objective on shares of LendingClub in a report on Wednesday, August 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $11.47.
LendingClub Company Profile
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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