Brokerages expect LendingClub Corporation (NYSE:LC) to report earnings of $0.03 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for LendingClub’s earnings, with estimates ranging from $0.02 to $0.06. LendingClub reported earnings per share of ($0.02) during the same quarter last year, which would indicate a positive year over year growth rate of 250%. The firm is expected to issue its next earnings results on Tuesday, February 13th.

On average, analysts expect that LendingClub will report full year earnings of $0.02 per share for the current fiscal year, with EPS estimates ranging from $0.01 to $0.04. For the next fiscal year, analysts anticipate that the business will report earnings of $0.18 per share, with EPS estimates ranging from $0.11 to $0.28. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for LendingClub.

LC has been the topic of several research analyst reports. UBS AG raised shares of LendingClub from a “market perform” rating to an “outperform” rating in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. raised shares of LendingClub from a “market perform” rating to an “outperform” rating and set a $7.00 price target on the stock in a report on Thursday, August 3rd. CIBC raised shares of LendingClub from a “market perform” rating to an “outperform” rating in a report on Thursday, August 3rd. Zacks Investment Research raised shares of LendingClub from a “sell” rating to a “hold” rating and set a $6.50 price target on the stock in a report on Tuesday, August 8th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $5.00 price target on shares of LendingClub in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. LendingClub currently has an average rating of “Hold” and a consensus target price of $6.89.

In other LendingClub news, insider Sandeep Bhandari sold 16,028 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $6.07, for a total transaction of $97,289.96. Following the completion of the sale, the insider now directly owns 80,093 shares in the company, valued at $486,164.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Thomas W. Casey purchased 10,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were acquired at an average price of $4.17 per share, with a total value of $41,700.00. The disclosure for this purchase can be found here. Insiders sold 104,793 shares of company stock valued at $555,863 over the last quarter. 11.40% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of LC. Quantbot Technologies LP purchased a new stake in LendingClub during the third quarter valued at about $103,000. Prudential Financial Inc. boosted its position in LendingClub by 5.4% during the second quarter. Prudential Financial Inc. now owns 22,850 shares of the credit services provider’s stock valued at $126,000 after buying an additional 1,170 shares during the period. Teacher Retirement System of Texas boosted its position in LendingClub by 27.4% during 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 period. Blair William & Co. IL boosted its position in LendingClub by 11.3% during 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 period. Finally, GSA Capital Partners LLP purchased a new stake in LendingClub during the second quarter valued at about $150,000. Institutional investors and hedge funds own 87.91% of the company’s stock.

LendingClub (NYSE LC) opened at $4.26 on Monday. LendingClub has a 1-year low of $4.05 and a 1-year high of $6.78. The company has a current ratio of 18.02, a quick ratio of 16.90 and a debt-to-equity ratio of 3.52.

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LendingClub Company Profile

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.

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Earnings History and Estimates for LendingClub (NYSE:LC)

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