LendingClub Corporation (NYSE:LC) Director Daniel T. Ciporin acquired 10,000 shares of LendingClub Corporation stock in a transaction on Thursday, August 17th. The shares were bought at an average cost of $5.92 per share, for a total transaction of $59,200.00. Following the completion of the transaction, the director now owns 1,014,809 shares in the company, valued at approximately $6,007,669.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

LendingClub Corporation (LC) traded up 2.23% during mid-day trading on Friday, hitting $5.96. 12,698,049 shares of the stock were exchanged. The stock’s market cap is $2.45 billion. LendingClub Corporation has a 52-week low of $4.64 and a 52-week high of $6.78. The stock has a 50 day moving average of $5.44 and a 200-day moving average of $5.62.

LendingClub Corporation (NYSE:LC) last released its quarterly earnings data on Monday, August 7th. The credit services provider reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). The firm had revenue of $139.60 million during the quarter, compared to the consensus estimate of $134.02 million. LendingClub Corporation had a negative return on equity of 11.97% and a negative net margin of 24.52%. The firm’s quarterly revenue was up 35.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.09) earnings per share. Equities analysts predict that LendingClub Corporation will post $0.04 EPS for the current fiscal year.

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LC has been the topic of a number of research analyst reports. Vetr downgraded shares of LendingClub Corporation from a “buy” rating to a “hold” rating and set a $6.00 price objective on the stock. in a research report on Thursday, April 20th. CIBC raised shares of LendingClub Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of LendingClub Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. BidaskClub downgraded shares of LendingClub Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Morgan Stanley reissued an “overweight” rating and set a $7.00 price objective (down from $8.00) on shares of LendingClub Corporation in a research report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. LendingClub Corporation has an average rating of “Hold” and an average target price of $6.78.

Several hedge funds have recently added to or reduced their stakes in LC. Prudential Financial Inc. increased its stake in LendingClub Corporation by 3.6% in the first quarter. Prudential Financial Inc. now owns 21,680 shares of the credit services provider’s stock valued at $119,000 after buying an additional 760 shares during the last quarter. Teacher Retirement System of Texas increased its stake in LendingClub Corporation by 27.4% in the second quarter. Teacher Retirement System of Texas now owns 23,822 shares of the credit services provider’s stock valued at $131,000 after buying an additional 5,130 shares during the last quarter. Blair William & Co. IL increased its stake in LendingClub Corporation by 11.3% in the second quarter. Blair William & Co. IL now owns 26,150 shares of the credit services provider’s stock valued at $144,000 after buying an additional 2,650 shares during the last quarter. Malaga Cove Capital LLC increased its stake in LendingClub Corporation by 3.7% in the first quarter. Malaga Cove Capital LLC now owns 27,800 shares of the credit services provider’s stock valued at $147,000 after buying an additional 1,000 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in LendingClub Corporation during the second quarter valued at $150,000. Hedge funds and other institutional investors own 91.72% of the company’s stock.

About LendingClub Corporation

LendingClub Corporation provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that has been closed to many investors and only available on a limited basis to large institutional investors.

Insider Buying and Selling by Quarter for LendingClub Corporation (NYSE:LC)

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