LendingClub Corporation (NYSE:LC) insider Timothy Bogan sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $6.50, for a total transaction of $162,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Timothy Bogan also recently made the following trade(s):
- On Monday, August 28th, Timothy Bogan sold 15,204 shares of LendingClub Corporation stock. The stock was sold at an average price of $6.09, for a total transaction of $92,592.36.
Shares of LendingClub Corporation (NYSE LC) opened at 6.39 on Monday. The firm’s 50 day moving average is $6.15 and its 200 day moving average is $5.72. The stock’s market capitalization is $2.63 billion. LendingClub Corporation has a 52-week low of $4.64 and a 52-week high of $6.78.
LendingClub Corporation (NYSE:LC) last announced its quarterly earnings data on Monday, August 7th. The credit services provider reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). The business had revenue of $139.60 million during the quarter, compared to analysts’ expectations of $134.02 million. LendingClub Corporation had a negative return on equity of 11.97% and a negative net margin of 24.52%. The business’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) EPS. Equities analysts expect that LendingClub Corporation will post $0.04 earnings per share for the current year.
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A number of research firms have recently commented on LC. ValuEngine cut shares of LendingClub Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Canaccord Genuity restated a “hold” rating and issued a $7.00 price target on shares of LendingClub Corporation in a report on Sunday, October 1st. BTIG Research restated a “buy” rating and issued a $9.00 price target on shares of LendingClub Corporation in a report on Wednesday, September 27th. Vetr cut shares of LendingClub Corporation from a “buy” rating to a “hold” rating and set a $6.55 price target on the stock. in a report on Monday, September 4th. Finally, Zacks Investment Research cut shares of LendingClub Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.78.
Institutional investors and hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. boosted its stake in shares of LendingClub Corporation by 3.6% in the 1st quarter. Prudential Financial Inc. now owns 21,680 shares of the credit services provider’s stock valued at $119,000 after buying an additional 760 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of LendingClub Corporation by 27.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 23,822 shares of the credit services provider’s stock valued at $131,000 after buying an additional 5,130 shares during the period. Blair William & Co. IL boosted its stake in shares of LendingClub Corporation by 11.3% in the 2nd quarter. Blair William & Co. IL now owns 26,150 shares of the credit services provider’s stock valued at $144,000 after buying an additional 2,650 shares during the period. GSA Capital Partners LLP purchased a new position in shares of LendingClub Corporation in the 2nd quarter valued at about $150,000. Finally, Brighton Jones LLC purchased a new position in shares of LendingClub Corporation in the 2nd quarter valued at about $154,000. Institutional investors and hedge funds own 86.95% of the company’s stock.
LendingClub Corporation Company Profile
LendingClub Corporation provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. 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.
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