LendingClub Corporation (NYSE:LC) President Steven Allocca sold 35,378 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $6.09, for a total transaction of $215,452.02. Following the transaction, the president now owns 67,084 shares in the company, valued at approximately $408,541.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

LendingClub Corporation (LC) traded up 0.49% during trading on Tuesday, hitting $6.13. 2,187,045 shares of the stock were exchanged. The stock’s market capitalization is $2.52 billion. The firm has a 50-day moving average of $5.53 and a 200-day moving average of $5.61. LendingClub Corporation has a 52 week low of $4.64 and a 52 week high of $6.78.

LendingClub Corporation (NYSE:LC) last announced its quarterly earnings data on Monday, August 7th. The credit services provider reported ($0.06) earnings per share for the quarter, hitting the 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 company had revenue of $139.60 million during the quarter, compared to analyst estimates of $134.02 million. During the same quarter last year, the firm posted ($0.09) EPS. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis. Equities research analysts anticipate that LendingClub Corporation will post $0.04 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the company. Karp Capital Management Corp purchased a new stake in shares of LendingClub Corporation during the first quarter valued at $321,000. UBS Asset Management Americas Inc. raised its stake in shares of 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 valued at $937,000 after buying an additional 33,116 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of LendingClub Corporation by 871.2% in the first quarter. BNP Paribas Arbitrage SA now owns 1,071,460 shares of the credit services provider’s stock valued at $5,882,000 after buying an additional 961,141 shares during the period. Bank of New York Mellon Corp raised its stake in shares of LendingClub Corporation by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 1,534,776 shares of the credit services provider’s stock valued at $8,426,000 after buying an additional 71,795 shares during the period. Finally, Opera Trading Capital purchased a new stake in shares of LendingClub Corporation during the first quarter valued at $439,000. 86.91% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on LC shares. BTIG Research reiterated a “buy” rating and issued a $9.00 target price on shares of LendingClub Corporation in a research note on Monday, May 8th. Zacks Investment Research lowered shares of LendingClub Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Susquehanna Bancshares Inc upgraded shares of LendingClub Corporation from a “neutral” rating to a “positive” rating and raised their target price for the company from $6.00 to $9.00 in a research note on Monday, May 1st. Vetr upgraded shares of LendingClub Corporation from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research note on Monday, May 8th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $7.00 target price (down from $8.00) on shares of LendingClub Corporation in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. The stock 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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