LendingClub (NYSE:LC) Stock Valuation Updated by StockNews.com

LendingClub (NYSE: LC – Get Appraisal) was upgraded by StockNews.com research analysts from a “hold” rating to a “buy” rating in a note to investors released Wednesday.

Other research analysts have also recently published research reports on the company. Credit Suisse Group lowered its price target on LendingClub from $25.00 to $20.00 and set a “neutral” rating on the stock in a Thursday, July 28 report. Wedbush raised its price target on LendingClub to $20.00 in a Tuesday, July 26 report. One research analyst gave the stock a hold rating and six gave the company’s stock a buy rating. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.40.

LendingClub Price Performance

LendingClub shares opened at $12.32 on Wednesday. The company has a debt ratio of 0.11, a current ratio of 1.12 and a quick ratio of 1.08. LendingClub has a one-year low of $11.16 and a one-year high of $49.21. The company has a market capitalization of $1.28 billion, a P/E ratio of 4.65 and a beta of 2.01. The company has a fifty-day moving average price of $13.92 and a 200-day moving average price of $14.13.

LendingClub (NYSE:LC – Get Rating) last released its quarterly earnings data on Wednesday, July 27. The credit services provider reported earnings per share (EPS) of $0.45 for the quarter, beating analysts’ consensus estimate of $0.41 by $0.04. LendingClub had a return on equity of 27.96% and a net margin of 24.75%. The company posted revenue of $330.10 million for the quarter, versus a consensus estimate of $298.97 million. In the same quarter last year, the company posted earnings per share of $0.09. The company’s revenue increased by 61.5% compared to the same quarter last year. As a group, equity research analysts expect LendingClub to post 1.5 EPS for the current year.

Insider trading at LendingClub

In related news, insider Annie Armstrong sold 2,027 shares of the company in a trade that took place on Friday, July 22. The shares were sold at an average price of $15.00, for a total value of $30,405.00. Following the completion of the transaction, the insider now directly owns 101,601 shares of the company, valued at approximately $1,524,015. The sale was disclosed in a document filed with the SEC, which is available via this hyperlink. Separately, insider Ronnie Momen sold 33,726 shares of the company in a trade that took place on Friday, August 26. The shares were sold at an average price of $13.86, for a total value of $467,442.36. Following the completion of the transaction, the insider now directly owns 166,594 shares of the company, valued at approximately $2,308,992.84. The sale was disclosed in a document filed with the SEC, which is available via this hyperlink. Additionally, insider Annie Armstrong sold 2,027 shares of the company in a trade that took place on Friday, July 22. The stock was sold at an average price of $15.00, for a total transaction of $30,405.00. Following the completion of the transaction, the insider now owns 101,601 shares of the company, valued at $1,524,015. The disclosure of this sale can be found here. Insiders sold a total of 43,083 shares of the company valued at $598,332 over the past ninety days. 3.22% of the shares are currently held by company insiders.

Institutional investors weigh in on LendingClub

A number of hedge funds have recently increased or reduced their holdings in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in LendingClub by 9.9% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,195 shares of the credit service provider valued at $145,000 after purchasing an additional 826 shares in the last quarter. Teacher Retirement System of Texas increased its position in LendingClub shares by 5.8% during the first quarter. Teacher Retirement System of Texas now owns 19,444 shares of the credit service provider valued at $307,000 after acquiring an additional 1,069 shares during the period. Point72 Hong Kong Ltd purchased a new equity stake in LendingClub during Q4 for $27,000. Aigen Investment Management LP increased its position in LendingClub shares by 8.5% during the first quarter. Aigen Investment Management LP now owns 15,769 shares of the credit service provider valued at $249,000 after acquiring 1,238 additional shares during the period. Finally, Strs Ohio increased its position in LendingClub shares by 6.1% during the second quarter. Strs Ohio now owns 22,700 shares of the credit service provider valued at $265,000 after acquiring an additional 1,300 shares during the period. 81.80% of the shares are currently held by hedge funds and other institutional investors.

LendingClub Company Profile

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LendingClub Corporation, operates as a bank holding company for LendingClub Bank, a national association that provides a range of financial products and services through a technology platform in the United States. The Company provides commercial and industrial real estate, commercial real estate, small business and equipment loans, as well as rental equipment; and unsecured personal and auto loans, patient financing and education financing.

See also

Analyst Recommendations for LendingClub (NYSE: LC)

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