Analysts Showing Optimistic Trends For LendingClub Corporation (LC)

Currently, EPS of LendingClub Corporation (LC) is -0.02 while the analysts predicted the EPS of the stock to be -0.03 suggesting the company fell short of the analysts' expectations. Six analysts have issued estimates for LendingClub Corp's earnings, with estimates ranging from ($0.08) to ($0.01). FBR & Co reissued a market perform rating and issued a $6.50 price target on shares of LendingClub Corp in a research note on Wednesday, February 15th. Regents Of The University Of California reported 17.29% in LendingClub Corp (NYSE:LC). They set a hold rating and a $6.00 target price on the stock. Zacks Investment Research's EPS averages are an average based on a survey of analysts that cover LendingClub Corp. Vetr lowered LendingClub Corp from a "strong-buy" rating to a "buy" rating and set a $6.00 target price on the stock.in a research note on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company.

COPYRIGHT VIOLATION NOTICE: "LendingClub Corp (LC) Earning Somewhat Positive Press Coverage, Report Shows" was reported by BBNS and is owned by of BBNS.

More important recent LendingClub Corp (NYSE:LC) news were published by: Investorplace.com which released: "LendingClub Corp (LC) Is Somehow Losing Money as a Middleman" on May 05, 2017, also Gurufocus.com published article titled: "Cannell Capital Llc Buys LendingClub Corp, Veracyte Inc, eHealth Inc, Sells ...", Reuters.com published: "BRIEF-LendingClub Corp says requests that its S-3, filed with US SEC on May 22 ..." on May 22, 2017. The stock had a trading volume of 4,586,827 shares. LendingClub Corp has a 52-week low of $4.03 and a 52-week high of $6.78. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. The firm's 50 day moving average price is $5.78 and its 200-day moving average price is $5.66. The credit services provider reported ($0.07) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.03) by $0.04. The Return on Equity (ROE) value stands at -18.4%.

Lendingclub Corp (NYSE:LC)'s revenue estimates for the current quarter are $137040 according to 12 number of analysts, for the current quarter the company has high revenue estimates of $144830 in contradiction of low revenue estimates of $134650. During the same quarter past year, the company earned $0.05 earnings per share. LendingClub Corp's revenue was down 18.3% compared to the same quarter previous year. Equities analysts expect that LendingClub Corp will post $0.04 earnings per share for the current fiscal year. If you are accessing this story on another publication, it was illegally copied and republished in violation of USA & global trademark and copyright legislation. The legal version of this article can be viewed at https://transcriptdaily.com/2017/06/04/lendingclub-corp-lc-rating-reiterated-by-canaccord-genuity-updated-updated.html. The stock touched 52-week High of $11.77 on 01/26/17 and 52-week Low of $5.45 on 08/03/16. The stock was sold at an average price of $5.95, for a total transaction of $34,849.15. Following the sale, the chief executive officer now directly owns 899,334 shares in the company, valued at approximately $5,126,203.80. Also, COO Sameer Gulati sold 5,875 shares of LendingClub Corp stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $5.70, for a total value of $102,759.60. The disclosure for this sale can be found here. Insiders sold 458,496 shares of company stock valued at $2,654,801 in the last 90 days.

Large investors have recently bought and sold shares of the stock. RBF Capital LLC bought a new position in shares of LendingClub Corp during the third quarter worth about $922,000. BlackRock Fund Advisors now owns 8,958,584 shares of the credit services provider's stock worth $55,364,000 after buying an additional 752,421 shares during the last quarter. GSA Capital Partners LLP bought a new position in LendingClub Corp during the fourth quarter worth $166,000. PNC Financial Services Group Inc. now owns 140,647 shares of the credit services provider's stock worth $771,000 after buying an additional 2,425 shares during the period. LendingClub Corp (NYSE:LC) has risen 52.97% since June 1, 2016 and is uptrending. Manufacturers Life Ins The owns 0% invested in LendingClub Corp (NYSE:LC) for 214,899 shares.

LendingClub, together with its subsidiaries, operates as an online marketplace that connects borrowers and investors in the United States.

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