LendingClub Corporation (NYSE:LC) General Counsel Russell S. Elmer sold 15,544 shares of LendingClub Corporation stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $6.08, for a total transaction of $94,507.52. Following the completion of the sale, the general counsel now directly owns 117,687 shares in the company, valued at approximately $715,536.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

LendingClub Corporation (NYSE LC) traded up 0.49% during mid-day trading on Tuesday, hitting $6.13. 2,188,781 shares of the stock traded hands. The company’s 50 day moving average price is $5.53 and its 200-day moving average price is $5.61. The stock’s market cap is $2.52 billion. LendingClub Corporation has a 1-year low of $4.64 and a 1-year high of $6.78.

LendingClub Corporation (NYSE:LC) last released its quarterly earnings data on Monday, August 7th. The credit services provider reported ($0.06) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). LendingClub Corporation had a negative return on equity of 11.97% and a negative net margin of 24.52%. The business had revenue of $139.60 million for the quarter, compared to analyst estimates of $134.02 million. During the same quarter in the prior year, the firm posted ($0.09) EPS. The business’s quarterly revenue was up 35.0% compared to the same quarter last year. Analysts predict that LendingClub Corporation will post $0.04 earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd raised its stake in LendingClub Corporation by 350.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 127,683 shares of the credit services provider’s stock valued at $703,000 after buying an additional 99,357 shares in the last quarter. Verition Fund Management LLC raised its stake in LendingClub Corporation by 336.6% in the second quarter. Verition Fund Management LLC now owns 75,089 shares of the credit services provider’s stock valued at $414,000 after buying an additional 57,889 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in LendingClub Corporation by 914.4% in the second quarter. Cubist Systematic Strategies LLC now owns 57,818 shares of the credit services provider’s stock valued at $319,000 after buying an additional 52,118 shares in the last quarter. State Street Corp raised its stake in LendingClub Corporation by 5.3% in the second quarter. State Street Corp now owns 6,461,593 shares of the credit services provider’s stock valued at $35,602,000 after buying an additional 323,373 shares in the last quarter. Finally, Fred Alger Management Inc. raised its stake in LendingClub Corporation by 5.8% in the second quarter. Fred Alger Management Inc. now owns 12,337,744 shares of the credit services provider’s stock valued at $67,981,000 after buying an additional 681,192 shares in the last quarter. Institutional investors and hedge funds own 86.91% of the company’s stock.

LC has been the topic of several research reports. UBS AG raised shares of LendingClub Corporation from a “neutral” rating to a “positive” rating in a research report on Monday, May 1st. Susquehanna Bancshares Inc raised shares of LendingClub Corporation from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $6.00 to $9.00 in a research report on Monday, May 1st. FBR & Co reaffirmed a “market perform” rating and issued a $6.50 price objective on shares of LendingClub Corporation in a research report on Friday, May 5th. Canaccord Genuity reaffirmed a “hold” rating and issued a $7.00 price objective on shares of LendingClub Corporation in a research report on Friday, May 5th. Finally, Vetr raised shares of LendingClub Corporation from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Monday, May 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company. LendingClub Corporation currently has an average rating of “Hold” and a consensus target price of $6.78.

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.

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

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