LendingClub Corp (NYSE:LC) Receives Average Recommendation of “Hold” from Analysts

Shares of LendingClub Corp (NYSE:LC) have been assigned a consensus rating of “Hold” from the ten brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $11.17.

Several equities research analysts recently commented on LC shares. Oppenheimer cut LendingClub from an “outperform” rating to a “market perform” rating in a report on Thursday, July 9th. Morgan Stanley lowered their target price on LendingClub from $14.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Credit Suisse Group decreased their target price on LendingClub from $19.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Maxim Group downgraded shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, UBS Group decreased their target price on LendingClub from $10.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th.

LC opened at $5.22 on Tuesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 5.78 and a quick ratio of 3.78. The firm has a market capitalization of $364.72 million, a PE ratio of -4.28 and a beta of 1.11. The business’s 50-day moving average is $5.16 and its two-hundred day moving average is $8.10. LendingClub has a 1 year low of $4.32 and a 1 year high of $15.60.

LendingClub (NYSE:LC) last announced its quarterly earnings results on Tuesday, May 5th. The credit services provider reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.40). The company had revenue of $120.20 million during the quarter, compared to analyst estimates of $174.66 million. LendingClub had a negative net margin of 8.36% and a negative return on equity of 2.94%. The company’s revenue was down 31.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.13) earnings per share. As a group, sell-side analysts expect that LendingClub will post -1.44 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LC. Geode Capital Management LLC boosted its stake in LendingClub by 6.5% during the first quarter. Geode Capital Management LLC now owns 1,097,046 shares of the credit services provider’s stock valued at $8,611,000 after buying an additional 67,042 shares in the last quarter. Nuveen Asset Management LLC grew its stake in LendingClub by 8.5% during the 1st quarter. Nuveen Asset Management LLC now owns 320,767 shares of the credit services provider’s stock valued at $2,518,000 after acquiring an additional 25,119 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new position in LendingClub in the 1st quarter valued at approximately $221,000. Man Group plc purchased a new position in LendingClub in the fourth quarter valued at about $128,000. Finally, Morgan Stanley raised its position in LendingClub by 146.0% during the first quarter. Morgan Stanley now owns 5,828,367 shares of the credit services provider’s stock valued at $45,752,000 after acquiring an additional 3,458,720 shares in the last quarter. 90.57% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for LendingClub (NYSE:LC)

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