LendingClub (NYSE:LC) Shares Down 3.2%

LendingClub Co. (NYSE:LC - Get Free Report) fell 3.2% during mid-day trading on Monday . The stock traded as low as $7.83 and last traded at $7.84. 335,762 shares traded hands during trading, a decline of 76% from the average session volume of 1,403,990 shares. The stock had previously closed at $8.10.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LC shares. Wedbush reaffirmed an "outperform" rating and issued a $11.00 price objective on shares of LendingClub in a research report on Wednesday, January 31st. StockNews.com downgraded LendingClub from a "hold" rating to a "sell" rating in a report on Friday, March 22nd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $11.30.

LendingClub Stock Performance

The firm has a 50 day moving average price of $8.18 and a 200-day moving average price of $7.58. The stock has a market capitalization of $868.96 million, a PE ratio of 21.72 and a beta of 1.98. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 0.01.

LendingClub (NYSE:LC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The credit services provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.07. LendingClub had a return on equity of 3.21% and a net margin of 4.50%. The business had revenue of $185.60 million during the quarter, compared to analysts' expectations of $182.13 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The company's revenue for the quarter was down 29.3% on a year-over-year basis. Research analysts expect that LendingClub Co. will post 0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On LendingClub

A number of institutional investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. raised its position in LendingClub by 40.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 8,217 shares of the credit services provider's stock valued at $50,000 after purchasing an additional 2,377 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of LendingClub by 363.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,999 shares of the credit services provider's stock worth $61,000 after purchasing an additional 5,489 shares during the last quarter. Pathstone Family Office LLC purchased a new position in LendingClub in the third quarter valued at $65,000. Maltin Wealth Management Inc. acquired a new stake in LendingClub in the fourth quarter valued at $87,000. Finally, Acadian Asset Management LLC acquired a new position in shares of LendingClub during the 3rd quarter worth about $91,000. Hedge funds and other institutional investors own 74.08% of the company's stock.

LendingClub Company Profile

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.