Its technology automates aspects of operations, including the borrower application process, data gathering, credit decisioning and scoring, loan funding, investing and servicing, regulatory compliance and fraud detection. LendingClub Corporation is headquartered in San Francisco, California. LendingClub Corporation had 43 analyst reports since July 31, 2015 according to SRatingsIntel. Finally, Canaccord Genuity reiterated a “hold” rating and set a $7.00 target price on shares of LendingClub Corporation in a research note on Monday, May 15th.
Additionally on 4/19/17 Stifel Nicolaus “Reinstates” Lendingclub Corp (NYSE:LC) to Hold setting price target at $6 and on 3/16/17 Guggenheim “Upgrades” the stock to Buy at $7. BTIG Research reaffirmed a buy rating and set a $9.00 target price on shares of LendingClub Corporation in a research report on Monday, May 8th.
A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. FBR Capital maintained the stock with “Outperform” rating in Friday, October 30 report. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.
On the other hand the company has Relative Strength Index (RSI 14) of 76.5 along with Average True Range (ATR 14) of 0.26, Consequently Lendingclub Corp (NYSE:LC)’s weekly and monthly volatility is 6.61%, 3.90% respectively.
ILLEGAL ACTIVITY NOTICE: “LendingClub Corporation (LC) Earns Coverage Optimism Score of 0.07″ was originally published by Community Financial News and is owned by of Community Financial News. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of -0.25% from last close price of 5.22 and act as support or resistance of price limit.
LendingClub Corporation (NYSE:LC) share price increased in the last trading session with a previous 52-week high of $6.78. The credit services provider reported ($0.06) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.06). The credit services provider posted ($0.06) EPS for the period, beating Thomson Reuters’ average forecast of ($0.06). the company reported sales of $139.60 M for the period compared to brokers forecast of $134.02 M. LendingClub Corporation had a lower negative return on equity of 11.99% and a negative net profit margin of 24.52%. The value of the investment in LendingClub Corporation increased from $2,071,000 to $2,399,000 increasing 15.8% for the reporting period. LendingClub Corporation’s revenue for the quarter was up 35.0% compared to the same quarter a year ago. Analysts expect next quarter’s EPS to be $0.05 with next year’s EPS projected to be $0.20. Average estimation for the current quarter has been provided by 16 analysts. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & global copyright & trademark legislation. Blair William & Com Il holds 0% in LendingClub Corp (NYSE:LC) or 23,500 shares. Wood upgraded the shares of LC in report on Wednesday, June 8 to “Market Perform” rating. The shares were sold at an average price of $5.84, for a total transaction of $315,885.60. Following the completion of the transaction, the chief operating officer now owns 265,657 shares of the company’s stock, valued at $1,349,537.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradley Coleman sold 29,906 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The disclosure for this sale can be found here. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data. Corporate insiders own 11.40% of the company’s stock. Perhaps, that suggests something about why 86.84% of the outstanding share supply is held by institutional investors. Prudential Financial Inc. raised its position in shares of Regional Management Corp.by 136.6% in the first quarter. Bank of New York Mellon Corp now owns 72,778 shares of the credit services provider’s stock valued at $1,414,000 after buying an additional 1,888 shares during the last quarter. Susquehanna raised its rating on LendingClub Corporation to Positive on 01/05/2017 in a reversal from its prior Neutral rating. The average numbers of shares are traded in a security per day, during the recent 3-month period. State Street Corp boosted its position in shares of LendingClub Corporation by 3.2% in the first quarter.
As of the end of the quarter Zurcher Kantonalbank (zurich Cantonalbank) had bought 1,657 shares growing its stake by 25.1%.
Nisa Investment Advisors has an ownership of 34,740 stocks of the credit services provider’s shares valued at $191,000 after scooping up an extra 31,840 shares through out the previous quarter, Telemus Capital added additional shares of LendingClub Corporation by 1.4% in the Q1. Investors use Lending Club to earn risk-adjusted returns from an asset class that has been closed to many investors and only available on a limited basis to large institutional investors.