LendingClub Corporation (NYSE:LC) – Equities research analysts at Oppenheimer Holdings cut their FY2017 earnings per share (EPS) estimates for LendingClub Corporation in a note issued to investors on Wednesday. Oppenheimer Holdings analyst J. Kelly now anticipates that the credit services provider will earn ($0.15) per share for the year, down from their previous estimate of ($0.14). Oppenheimer Holdings currently has a “Outperform” rating and a $6.25 price objective on the stock. Oppenheimer Holdings also issued estimates for LendingClub Corporation’s Q4 2017 earnings at $0.00 EPS and FY2018 earnings at $0.00 EPS.

Several other research analysts have also recently issued reports on LC. Citigroup Inc. reaffirmed a “neutral” rating and issued a $6.50 price target (up previously from $6.00) on shares of LendingClub Corporation in a report on Thursday, August 10th. Vetr cut LendingClub Corporation from a “strong-buy” rating to a “hold” rating and set a $6.55 price target on the stock. in a report on Wednesday, August 9th. Canaccord Genuity reissued a “hold” rating and set a $7.00 target price on shares of LendingClub Corporation in a research note on Thursday, August 10th. Credit Suisse Group reissued a “neutral” rating and set a $8.00 target price on shares of LendingClub Corporation in a research note on Thursday, August 10th. Finally, Morgan Stanley cut their target price on shares of LendingClub Corporation from $7.00 to $6.50 and set an “overweight” rating on the stock in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. LendingClub Corporation currently has a consensus rating of “Hold” and an average target price of $6.89.

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LendingClub Corporation (NYSE LC) opened at $4.30 on Monday. LendingClub Corporation has a twelve month low of $4.20 and a twelve month high of $6.78. The company has a debt-to-equity ratio of 3.52, a quick ratio of 18.90 and a current ratio of 18.02.

In other LendingClub Corporation news, Director Daniel T. Ciporin acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $5.92 per share, for a total transaction of $59,200.00. Following the completion of the acquisition, the director now owns 1,014,809 shares of the company’s stock, valued at approximately $6,007,669.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Sameer Gulati sold 8,351 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $5.64, for a total transaction of $47,099.64. Following the completion of the sale, the chief operating officer now owns 296,221 shares of the company’s stock, valued at $1,670,686.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 166,449 shares of company stock worth $1,018,866. 11.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of LC. UBS Asset Management Americas Inc. boosted its holdings in LendingClub Corporation by 24.1% in the first quarter. UBS Asset Management Americas Inc. now owns 170,708 shares of the credit services provider’s stock worth $937,000 after purchasing an additional 33,116 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in LendingClub Corporation by 1.7% in the first quarter. Parametric Portfolio Associates LLC now owns 180,740 shares of the credit services provider’s stock worth $992,000 after purchasing an additional 2,934 shares in the last quarter. Prudential Financial Inc. boosted its holdings 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 worth $119,000 after purchasing an additional 760 shares in the last quarter. Teachers Advisors LLC boosted its holdings in LendingClub Corporation by 4.9% in the first quarter. Teachers Advisors LLC now owns 567,651 shares of the credit services provider’s stock worth $3,116,000 after purchasing an additional 26,710 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in LendingClub Corporation by 15.4% in the first quarter. Legal & General Group Plc now owns 118,368 shares of the credit services provider’s stock worth $649,000 after purchasing an additional 15,765 shares in the last quarter. Hedge funds and other institutional investors own 87.80% of the company’s stock.

LendingClub Corporation 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.

Earnings History and Estimates for LendingClub Corporation (NYSE:LC)

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