10 hours Ago By ABMN Staff
LendingClub Co. ( NYSE:LC – Free Report ) – Equities researchers at Seaport Res Ptn decreased their FY2025 EPS estimates for LendingClub in a research report issued to clients and investors on Tuesday, February 18th. Seaport Res Ptn analyst W.
Ryan now expects that the credit services provider will earn $0.75 per share for the year, down from their previous estimate of $0.85.
The consensus estimate for LendingClub’s current full-year earnings is $0.72 per share. Several other equities analysts have also weighed in on the stock.
Maxim Group increased their price objective on shares of LendingClub from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, October 25th.
Piper Sandler reissued an “overweight” rating and issued a $19.00 price objective (down from $20.00) on shares of LendingClub in a research report on Wednesday, January 29th.
Compass Point increased their price objective on shares of LendingClub from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, October 25th.
StockNews.com lowered shares of LendingClub from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co.
reaffirmed a “neutral” rating and set a $17.00 price target (up from $14.00) on shares of LendingClub in a research report on Monday, December 2nd.
One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.38.
LendingClub Price Performance Shares of LC stock opened at $13.02 on Thursday. The stock has a market cap of $1.
48 billion, a P/E ratio of 28.92 and a beta of 2.00.
The company has a fifty day moving average price of $15.56 and a two-hundred day moving average price of $13.83.
LendingClub has a one year low of $7.48 and a one year high of $18.75.
Insider Buying and Selling In other LendingClub news, CEO Scott Sanborn sold 17,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $15.84, for a total transaction of $269,280.
00. Following the sale, the chief executive officer now directly owns 1,329,184 shares of the company’s stock, valued at $21,054,274.56.
This represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link .
Also, Director Michael P. Zeisser purchased 20,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were bought at an average price of $12.
88 per share, for a total transaction of $257,600.00. Following the completion of the transaction, the director now owns 148,018 shares of the company’s stock, valued at approximately $1,906,471.
84. This trade represents a 15.62 % increase in their ownership of the stock.
The disclosure for this purchase can be found here . In the last ninety days, insiders have sold 58,000 shares of company stock valued at $875,940. 3.
31% of the stock is owned by insiders. Institutional Inflows and Outflows Several large investors have recently made changes to their positions in LC. Creative Planning raised its stake in shares of LendingClub by 20.
3% during the third quarter. Creative Planning now owns 33,695 shares of the credit services provider’s stock worth $385,000 after acquiring an additional 5,695 shares in the last quarter. Blue Trust Inc.
raised its stake in shares of LendingClub by 259.8% during the third quarter. Blue Trust Inc.
now owns 7,267 shares of the credit services provider’s stock worth $83,000 after acquiring an additional 5,247 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of LendingClub by 813.3% during the third quarter.
International Assets Investment Management LLC now owns 181,737 shares of the credit services provider’s stock worth $2,077,000 after acquiring an additional 161,837 shares in the last quarter. Assenagon Asset Management S.A.
raised its stake in shares of LendingClub by 120.3% during the third quarter. Assenagon Asset Management S.
A. now owns 1,517,986 shares of the credit services provider’s stock worth $17,351,000 after acquiring an additional 828,958 shares in the last quarter. Finally, SteelPeak Wealth LLC purchased a new position in shares of LendingClub during the third quarter worth approximately $562,000.
74.08% of the stock is owned by hedge funds and other institutional investors. About LendingClub ( Get Free Report ) 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. Further Reading 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.
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