Shares of LendingClub Corp (NYSE:LC) have received a consensus rating of "Hold" from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $10.67.
Several research analysts have issued reports on the stock. Credit Suisse Group reaffirmed a "hold" rating and issued a $12.00 target price on shares of LendingClub in a report on Wednesday, August 5th. Oppenheimer cut shares of LendingClub from an "outperform" rating to a "market perform" rating in a report on Thursday, July 9th. Maxim Group reissued a "hold" rating on shares of LendingClub in a report on Thursday, August 6th. Wedbush reissued an "outperform" rating and set a $8.00 price objective (down from $25.00) on shares of LendingClub in a report on Monday, June 1st. Finally, Zacks Investment Research cut shares of LendingClub from a "hold" rating to a "sell" rating in a report on Saturday, August 15th.
NYSE:LC opened at $5.04 on Wednesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 5.66 and a quick ratio of 3.93. The firm has a market capitalization of $360.44 million, a P/E ratio of -2.56 and a beta of 1.14. LendingClub has a one year low of $4.32 and a one year high of $15.29. The company's 50-day simple moving average is $5.45 and its 200 day simple moving average is $6.49.
LendingClub (NYSE:LC) last issued its earnings results on Tuesday, August 4th. The credit services provider reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.58) by ($0.02). The firm had revenue of $43.90 million during the quarter, compared to analysts' expectations of $59.53 million. LendingClub had a negative return on equity of 9.42% and a negative net margin of 22.73%. The firm's quarterly revenue was down 77.0% on a year-over-year basis. During the same period last year, the firm posted ($0.01) earnings per share. On average, equities research analysts expect that LendingClub will post -1.66 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Asset Management One Co. Ltd. purchased a new position in LendingClub in the 1st quarter worth $28,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of LendingClub by 69.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,234 shares of the credit services provider's stock valued at $41,000 after purchasing an additional 2,151 shares during the last quarter. Bank of Montreal Can purchased a new stake in LendingClub during the second quarter valued at approximately $41,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in LendingClub by 177.1% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,867 shares of the credit services provider's stock valued at $72,000 after buying an additional 10,141 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in LendingClub by 60.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 10,430 shares of the credit services provider's stock valued at $82,000 after buying an additional 3,948 shares during the last quarter. 85.64% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Story: Yield Curve
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Stocks That Aggressive Investors Can Buy Now
There’s nothing like a steep market correction to test the risk appetite of even the most seasoned investor. With many investors seeing their 401k’s down 25%, 30% or more, it’s not surprising that many investors are taking money off the table.
And even during the most bullish market conditions, keeping some powder dry is a prudent decision.
But if you have an above-average risk appetite, then sitting on the sidelines is not your cup of tea. If you’re an investor with above-average risk tolerance, there are some opportunities to profit in this market. But you have to be looking in the right places.
At this time, the small-cap sector offers some interesting choices. Small-cap stocks are companies that have a market cap of less than $2 billion. Many of these stocks fall under the category of penny stocks, but that doesn’t make them bad. In some cases, they’re just obscure companies.
But right now, many investors will take growth wherever they can get it. And that’s why you should take a careful look at the 7 stocks we have in this presentation. The cost of entry is not high and the potential reward is worth your interest.
View the "7 Stocks That Aggressive Investors Can Buy Now".