LendingClub Corporation (NYSE:LC) registered a -1.42% decrease, still its new closing price is 81.10% up from the company’s 1 year high of 9.80.It posted 1.80% gains in previous 5 sessions and is now the subject of 14 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 2 sells versus 1 buy or better ratings. The 20 stock analysts following this company have an average price target at $6.38, with individual PT in the $4.00-$9.00 range. The shares moved at $6.23, implying that brokerage firms see shares losing about -18.88% in twelve months time.
LendingClub Corporation (LC) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 18.67% rise year to date. A COO at LendingClub Corporation (LC) offloaded shares in a transaction closed on Thursday January 26, 2017. Gulati Sameer sold 6,921 shares in the company at $6.07 each and collected $42,000 in proceeds. Gulati Sameer now owns 934,260 shares in the company after this transaction. A Chief Technology Officer in the company, MacIlwaine John, disclosed a transaction on Wednesday January 18, 2017 that ended up generating $137,000 from the sale of 25,000 shares at $5.48 per share.
LendingClub Corporation (NYSE:LC) Upcoming Results on Tap
LendingClub Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.01 in that period. Sales during the quarter are predicted to arrive at $132.21 million.
Earnings surprise history: Last quarter, the company posted approximately $114.56 million in revenue and EPS of $-0.04. The mean forecast was for $103.65 million and $-0.06 a share, respectively. One quarter earlier, revenue for the stock was at $103.44 million, with earnings at $-0.09/share.
LendingClub Corporation (LC) Brokerage Update
LendingClub Corporation (LC) is in Morgan Stanley’s research list so their analyst rating change is noteworthy. These shares were upgraded to Overweight from Equal-Weight by Morgan Stanley, according to news reported on Thursday November 03, 2016.Another important research note was issued by Keefe Bruyette on Wednesday June 08, 2016.The firm upgraded LC to Mkt Perform from Underperform. Over the last six months and over the last three months, the shares of LendingClub Corporation (LC), have changed 34.27% and 28.19%, respectively.