Valerie Kay Sells 1,900 Shares of LendingClub Corp (NYSE:LC) Stock

LendingClub Corp (NYSE:LC) insider Valerie Kay sold 1,900 shares of LendingClub stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $12.04, for a total transaction of $22,876.00. Following the completion of the transaction, the insider now directly owns 58,537 shares in the company, valued at approximately $704,785.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Valerie Kay also recently made the following trade(s):

  • On Wednesday, December 11th, Valerie Kay sold 1,900 shares of LendingClub stock. The stock was sold at an average price of $12.92, for a total transaction of $24,548.00.
  • On Monday, November 11th, Valerie Kay sold 1,900 shares of LendingClub stock. The stock was sold at an average price of $14.54, for a total transaction of $27,626.00.

NYSE:LC traded down $0.31 during trading hours on Friday, hitting $11.87. 365,300 shares of the company were exchanged, compared to its average volume of 523,729. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -33.91 and a beta of 1.60. LendingClub Corp has a 52-week low of $10.89 and a 52-week high of $18.85. The company has a debt-to-equity ratio of 1.97, a current ratio of 5.93 and a quick ratio of 4.20. The company’s 50 day moving average price is $12.80 and its 200-day moving average price is $12.73.

LendingClub (NYSE:LC) last released its earnings results on Tuesday, November 5th. The credit services provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.08. The company had revenue of $204.90 million for the quarter, compared to the consensus estimate of $204.63 million. LendingClub had a negative net margin of 5.91% and a negative return on equity of 1.02%. LendingClub’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 EPS.

A number of large investors have recently added to or reduced their stakes in LC. Prudential Financial Inc. lifted its stake in LendingClub by 9.0% during the 2nd quarter. Prudential Financial Inc. now owns 23,470 shares of the credit services provider’s stock valued at $77,000 after acquiring an additional 1,930 shares during the period. Tower Research Capital LLC TRC acquired a new stake in LendingClub during the 3rd quarter valued at approximately $33,000. Public Employees Retirement System of Ohio acquired a new stake in LendingClub during the 3rd quarter valued at approximately $98,000. Aperio Group LLC acquired a new stake in LendingClub during the 2nd quarter valued at approximately $32,000. Finally, UBS Asset Management Americas Inc. lifted its stake in LendingClub by 9.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 223,465 shares of the credit services provider’s stock valued at $733,000 after acquiring an additional 19,328 shares during the period. 91.64% of the stock is currently owned by institutional investors.

LC has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Saturday, January 4th. Maxim Group reaffirmed a “buy” rating and issued a $23.00 price objective on shares of LendingClub in a research report on Thursday, November 7th. ValuEngine raised shares of LendingClub from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BTIG Research dropped their target price on shares of LendingClub from $30.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $20.40.

LendingClub Company Profile

LendingClub Corporation operates an online lending marketplace platform that connects borrowers and investors in the United States. The company's marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient installment loans, auto refinance loans, and small business loans.

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Insider Buying and Selling by Quarter for LendingClub (NYSE:LC)

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