Shares of LendingClub Co. (NYSE:LC – Get Rating) have been given a consensus recommendation of "Hold" by the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $13.50.
LC has been the subject of several recent analyst reports. StockNews.com cut LendingClub from a "hold" rating to a "sell" rating in a research note on Thursday, March 30th. JPMorgan Chase & Co. initiated coverage on shares of LendingClub in a research note on Tuesday. They issued an "overweight" rating and a $11.00 price target for the company. Keefe, Bruyette & Woods lowered their price objective on shares of LendingClub from $12.00 to $10.00 and set a "market perform" rating on the stock in a research note on Thursday, April 6th. Janney Montgomery Scott downgraded LendingClub from a "buy" rating to a "neutral" rating and set a $10.00 price objective for the company. in a research note on Thursday, January 26th. Finally, Maxim Group reduced their price objective on shares of LendingClub from $20.00 to $15.00 in a research report on Tuesday, January 31st.
Get
LendingClub
alerts:
LendingClub Price Performance
Shares of NYSE LC opened at $7.22 on Tuesday. LendingClub has a fifty-two week low of $6.52 and a fifty-two week high of $17.48. The company has a market capitalization of $769.44 million, a price-to-earnings ratio of 2.63 and a beta of 1.95. The company has a 50 day simple moving average of $8.29 and a two-hundred day simple moving average of $9.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 1.08.
LendingClub (NYSE:LC – Get Rating) last released its earnings results on Wednesday, January 25th. The credit services provider reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The company had revenue of $262.70 million during the quarter, compared to analysts' expectations of $258.37 million. LendingClub had a return on equity of 13.75% and a net margin of 24.40%. The company's revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. Analysts expect that LendingClub will post 0.52 EPS for the current fiscal year.
Hedge Funds Weigh In On LendingClub
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC purchased a new stake in LendingClub in the first quarter valued at about $30,000. PNC Financial Services Group Inc. boosted its stake in shares of LendingClub by 367.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,607 shares of the credit services provider's stock worth $41,000 after acquiring an additional 2,049 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of LendingClub during the 4th quarter worth about $31,000. Point72 Hong Kong Ltd raised its stake in shares of LendingClub by 251.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 3,861 shares of the credit services provider's stock worth $61,000 after buying an additional 2,762 shares during the period. Finally, Lansing Street Advisors acquired a new position in shares of LendingClub during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 81.11% of the company's stock.
About LendingClub
(Get Rating)
LendingClub Corp. engages in an online marketplace that facilitates loans to borrowers and investments. It operates through the LendingClub Bank and LendingClub Corporation (Parent Only) segments. The LendingClub Bank segment offers a full complement of financial products and solutions, including loans, leases and deposits.
Read More
- Get a free copy of the StockNews.com research report on LendingClub (LC)
- Delta Airlines Is Ready To Fly Higher
- Global Payments Climbs After Goldman Sachs Upgrade
- Fastenal Is At A Critical Turning Point
- 3 Healthcare Stocks Insiders Are Buying
- Novo Nordisk Charges Higher and Could be Just Getting Started
Receive News & Ratings for LendingClub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingClub and related companies with MarketBeat.com's FREE daily email newsletter.
VIP课程推荐
APP专享直播
热门推荐
收起24小时滚动播报最新的财经资讯和视频,更多粉丝福利扫描二维码关注(sinafinance)