Price Target Update on LendingClub Corporation (NYSE:LC)

LendingClub Corporation (NYSE:LC) : The consensus price target for LendingClub Corporation (NYSE:LC) is $5.16 for the short term with a standard deviation of $3.24. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $11, however, the pessimist price target for the company is $2.

Other Equity analysts have also commented on the company shares. Keefe Bruyette & Woods upgrades its view on LendingClub Corporation (NYSE:LC) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Underperform. Keefe Bruyette & Woods raises the price target from $2 per share to $5 per share on LendingClub Corporation. The rating by the firm was issued on June 8, 2016.

LendingClub Corporation (NYSE:LC): stock turned positive on Thursday. Though the stock opened at $4.9, the bulls momentum made the stock top out at $4.98 level for the day. The stock recorded a low of $4.85 and closed the trading day at $4.98, in the green by 2.89%. The total traded volume for the day was 9,699,063. The stock had closed at $4.84 in the previous days trading.

The company shares have dropped -69.86% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $16.29 and the one year low was seen on May 17, 2016. The 50-Day Moving Average price is $4.64 and the 200 Day Moving Average price is recorded at $7.84. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Lendingclub Corp, Williams Simon had purchased shares worth of $529,920 in a transaction dated on February 17, 2016. A total of 64,000 shares were purchased at a price of $8.28 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

LendingClub Corporation (Lending Club) is engaged in providing online marketplace for connecting borrowers and investors. The Companys online marketplace connects borrowers. Lending Clubs marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Companys 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 Companys Website. The custom program loans include small business loans, super prime consumer loans, education and patient finance loans and personal loans. The Companys technology platform supports its marketplace and makes available loan products to investor channels.

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