Economy

LendingClub Corporation (LC) Stock Rating Upgraded by Oppenheimer Holdings, Inc

Through this figure traders can analyze that LC show whether or not a stock now most active and standing in buying side or sell side. Freestone Lc reported 12,300 shares. Russell Investments Group Ltd. acquired a new stake in LendingClub Corporation during the fourth quarter valued at about $177,000. The institutional investor bought 38,617 shares of the credit services provider's stock, valued at approximately $212,000. Macquarie Group Ltd. boosted its stake in shares of LendingClub Corporation by 9.4% in the fourth quarter. KCG Holdings Inc. now owns 147,314 shares of the credit services provider's stock valued at $809,000 after buying an additional 12,360 shares during the last quarter. FMR LLC acquired a new stake in shares of LendingClub Corporation during the fourth quarter worth $407,000. IL now owns 26,150 shares of the credit services provider's stock valued at $144,000 after buying an additional 2,650 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of LendingClub Corporation by 4.9% in the first quarter. Stifel Nicolaus started coverage on shares of LendingClub Corporation in a research note on Wednesday, April 19th. Vanguard Group Inc. now owns 27,102,968 shares of the credit services provider's stock worth $148,795,000 after buying an additional 1,119,288 shares during the last quarter. LendingClub Corporation (NYSE:LC) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. Corporate insiders own 11.40% of the company's stock. LendingClub Corp (NYSE:LC) has risen 52.97% since August 3, 2016 and is uptrending. The firm has a 50-day moving average of $5.43 and a 200 day moving average of $5.63. Lendingclub Corp (NYSE:LC) has a market cap of $1.99 Billion and the number of outstanding shares have been calculated 401.53 Million.

LendingClub Corporation (NYSE:LC) last issued its earnings results on Thursday, May 4th. After $-0.07 actual EPS reported by LendingClub Corp for the previous quarter, Wall Street now forecasts -14.29% EPS growth. The firm had revenue of $124.50 million for the quarter, compared to the consensus estimate of $121.63 million.

While having a peek at profitability ratios Lendingclub Corp (NYSE:LC) has trailing twelve month gross margin at 41.4%, its trailing twelve month operating margin stands at -16.1% whereas its trailing twelve month net profit margin spots at -15.7%. The business's quarterly revenue was down 18.3% compared to the same quarter a year ago. During the same period a year ago, the firm posted $0.05 EPS. Analysts expect that LendingClub Corporation will post $0.03 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another domain, it was stolen and republished in violation of global trademark and copyright laws. The original version of this piece of content can be accessed at https://transcriptdaily.com/2017/08/03/lendingclub-corporation-nyselc-lowered-to-hold-at-zacks-investment-research-updated-updated.html. Comerica Natl Bank reported 0% in LendingClub Corp (NYSE:LC).

8/3/2017-Oppenheimer Holdings, Inc. Upgrade from a "Market Perform " rating to a " Outperform" rating. FBR & Co restated a "market perform" rating and issued a $6.50 price target on shares of LendingClub Corporation in a research note on Monday, May 15th. UBS AG upgraded LendingClub Corporation from a "market perform" rating to an "outperform" rating in a report on Thursday. BTIG Research restated a "buy" rating and issued a $9.00 price target on shares of LendingClub Corporation in a research report on Monday, May 8th.

There are 10 hold ratings, 6 buy ratings on the stock.

In other LendingClub Corporation news, CFO Thomas W. Casey sold 5,254 shares of LendingClub Corporation stock in a transaction on Friday, May 26th. A total of 5.69 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 4.99 Million shares, while its relative volume stands at 1.14. Private Ocean Limited Company owns 1,614 shares. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Simon Williams sold 80,000 shares of the firm's stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $5.84, for a total value of $315,885.60. Dimensional Fund Advisors LP now owns 1,513,663 shares of the credit services provider's stock valued at $7,947,000 after buying an additional 1,453,152 shares in the last quarter. The disclosure for this sale can be found here. Over the last three months, insiders sold 463,239 shares of company stock worth $2,677,984. Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also help in determining where it may be possibly heading.

LendingClub Corporation provides online marketplace to connect borrowers and investors.



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