Economy

Oppenheimer Holdings, Inc. Lowers LendingClub Corporation (LC) Price Target to $6.25

Sameer Gulati also recently made the following trade (s): On Wednesday, October 26th, Sameer Gulati sold 5,854 shares of LendingClub Corp. stock.

Short interest, or the number of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment. Canaccord Genuity's target price indicates a potential upside of 28.21% from the stock's current price.

A number of other research firms have also issued reports on LC. Finally, CIBC upgraded LendingClub Corporation from a "market perform" rating to an "outperform" rating in a research report on Thursday, August 3rd. LendingClub Corp. presently has an average rating of "Hold" and an average price target of $11.86. BTIG Research reissued a "buy" rating and set a $9.00 price objective on shares of LendingClub Corporation in a research report on Wednesday, September 27th. The firm now has an "overweight" rating on the credit services provider's stock. LendingClub Corporation presently has a consensus rating of "Hold" and an average target price of $6.89. The average analysts gave this company a mean recommendation of 2.50. LendingClub Corporation has $24 highest and $2 lowest target.

LendingClub Corporation (NYSE:LC)'s market cap, the total dollar value of all of their outstanding shares, is 2242.26m.

The company has a debt-to-equity ratio of 3.87, a current ratio of 19.05 and a quick ratio of 18.90.

LendingClub Corporation (LC) traded down $0.94 during trading hours on Wednesday, reaching $4.52. LendingClub Corporation has a twelve month low of $4.20 and a twelve month high of $6.78. Moreover, Waverton Investment Management Ltd has 0.65% invested in the company for 556,827 shares.

LendingClub Corp. had a negative return on equity of 6.68% and a negative net margin of 21.75%. The company earned $112.60 million during the quarter, compared to analysts' expectations of $103.31 million. In contrast to the year ago quarter EPS was at 0.03. For the current year the company's revenue estimates are $625.53 Million compared to low analyst estimates of $503.95 Million and high estimates of $929.74 Million according to the prediction of 10 analysts.

WARNING: This news story was originally published by Week Herald and is owned by of Week Herald. BidaskClub lowered LendingClub Corporation from a "sell" rating to a "strong sell" rating in a research report on Saturday, October 21st.

In other LendingClub Corporation news, insider Timothy Bogan sold 25,000 shares of the business's stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $5.77, for a total value of $269,268.59. Following the completion of the transaction, the chief operating officer now owns 946,791 shares of the company's stock, valued at $5,500,855.71.

In the transaction dated August 29, 2017, the great number of shares disposed came courtesy the Chief Credit Officer; Bhandari Sandeep disposed a total of 16,028 shares at an average price of $6.07, amounting to approximately $97,290. The disclosure for this purchase can be found here.

Multiple company employees have indulged in significant insider trading. Institutional investors own 83.71% of the company's stock. Profund Advisors LLC boosted its stake in shares of LendingClub Corp.by 45.4% in the third quarter. Teacher Retirement System of Texas now owns 23,822 shares of the credit services provider's stock worth $131,000 after buying an additional 5,130 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of LendingClub Corporation by 4.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,791,600 shares of the credit services provider's stock worth $15,382,000 after buying an additional 2,590,000 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of LendingClub Corporation by 4.3% during the second quarter.

Quantum Management owns 40,123 shares.

The Company offers online marketplace for loan approval, pricing, servicing and support operations as well as regulatory and legal framework which connects borrowers and investors.

Institutions own 86.39% of LendingClub Corporation (LC)'s shares.

The stock has Return on Assets (ROA) of -2.3 percent.



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