LendingClub Corporation (LC) : The consensus on LendingClub Corporation (LC) based on 12 analyst recommendation on the company stock is 3.33, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
LendingClub Corporation (LC) : 8 Wall Street analysts covering LendingClub Corporation (LC) believe that the average level the stock could reach for the short term is $5.39. The maximum price target given is $11 and the minimum target for short term is around $2, hence the standard deviation is calculated at $3.07.
Company shares have received an average consensus rating of Hold for the current week LendingClub Corporation (NYSE:LC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.90 and $4.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.46, notching a gain of 11.20% for the day. The total traded volume was 26,357,367 . The stock had closed at $4.91 on the previous day.
In a related news,The officer (Chief Operations Officer) of Lendingclub Corp, Gulati Sameer sold 5,489 shares at $4.6 on July 26, 2016. The Insider selling transaction had a total value worth of $25,249. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.