LendingClub Corp (LC) is Upgraded by Keefe Bruyette to Mkt Perform

LendingClub Corp (LC) was Upgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Underperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Jun 8, 2016.

Many Wall Street Analysts have commented on LendingClub Corp. LendingClub Corp was Resumed by Morgan Stanley to “Equal-Weight” on May 31, 2016. Macquarie Initiated LendingClub Corp on May 26, 2016 to “Neutral”, Price Target of the shares are set at $5.15.Shares were Reiterated by Compass Point on May 17, 2016 to “Sell” and Lowered the Price Target to $ 3 from a previous price target of $4 .

On the company’s financial health, LendingClub Corp reported $0.05 EPS for the quarter, based on the information available during the earnings call on May 9, 2016. Analyst had a consensus estimate of $0.05. The company had revenue of $151.30 million for the quarter, compared to analysts expectations of $147.90 million. The company’s revenue was up 86.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

LendingClub Corp closed down -0.35 points or -7.38% at $4.39 with 2,37,89,301 shares getting traded on Tuesday. Post opening the session at $4.72, the shares hit an intraday low of $4.34 and an intraday high of $4.77 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Feb 19, 2016, Simon Williams (director) purchased 64,000 shares at $8.28 per share price. According to the SEC, on Jan 15, 2016, John Macilwaine (Chief Technology Officer) sold 25,000 shares at $9.11 per share price. On Jan 8, 2016, Scott Sanborn (Chief Mrktg & Optg Officer) sold 70,000 shares at $10.30 per share price, according to the Form-4 filing with the securities and exchange commission.

LendingClub Corporation (Lending Club) is engaged in providing online marketplace for connecting borrowers and investors. The Company’s online marketplace connects borrowers. Lending Club’s marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Company’s standard program loans are a part of the standard loan program. The standard program loans are three- or five-year unsecured personal loans which are offered to borrowers. These loans can be invested in through the purchase of notes issued pursuant to a Note Registration Statement and are available through the Company’s Website. The custom program loans include small business loans super prime consumer loans education and patient finance loans and personal loans. The Company’s technology platform supports its marketplace and makes available loan products to investor channels.

LendingClub Corp

Leave a Reply

LendingClub Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on LendingClub Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.