The stock of LendingClub Corp (NYSE:LC) is a huge mover today! About 5.34M shares traded hands. LendingClub Corp (NYSE:LC) has declined 35.02% since March 9, 2016 and is downtrending. It has underperformed by 42.43% the S&P500.
The move comes after 7 months negative chart setup for the $2.08B company. It was reported on Oct, 12 by Barchart.com. We have $5.17 PT which if reached, will make NYSE:LC worth $145.60 million less.
Analysts await LendingClub Corp (NYSE:LC) to report earnings on November, 3. They expect $-0.09 EPS, down 1,000.00% or $0.10 from last year’s $0.01 per share. After $-0.12 actual EPS reported by LendingClub Corp for the previous quarter, Wall Street now forecasts -25.00% EPS growth.
LendingClub Corp (NYSE:LC) Ratings Coverage
Out of 18 analysts covering LendingClub Corporation (NYSE:LC), 1 rate it a “Buy”, 2 “Sell”, while 15 “Hold”. This means 6% are positive. LendingClub Corporation has been the topic of 34 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Wednesday, June 8. The stock of LendingClub Corp (NYSE:LC) earned “Mkt Perform” rating by Bruyette & Woods” on Wednesday, August 12. Keefe Bruyette & Woods downgraded LendingClub Corp (NYSE:LC) on Wednesday, May 11 to “Underperform” rating. The stock of LendingClub Corp (NYSE:LC) has “Market Perform” rating given on Friday, April 15 by Raymond James. FBR Capital maintained LendingClub Corp (NYSE:LC) on Friday, February 12 with “Outperform” rating. The stock of LendingClub Corp (NYSE:LC) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, May 31. The stock has “Sector Weight” rating given by Pacific Crest on Tuesday, May 10. On Thursday, August 13 the stock rating was initiated by KBW with “Market Perform”. Compass Point maintained the stock with “Sell” rating in Wednesday, August 5 report. The stock of LendingClub Corp (NYSE:LC) has “Underperform” rating given on Wednesday, May 11 by Wood.
According to Zacks Investment Research, “LendingClub Corporation provides internet financial services. The Company offers online marketplace for loan approval, pricing, servicing and support operations as well as regulatory and legal framework which connects borrowers and investors. LendingClub Corporation is headquartered in San Francisco, California.”
Insitutional Activity: The institutional sentiment increased to 1.33 in 2016 Q2. Its up 0.10, from 1.23 in 2016Q1. The ratio is positive, as 65 funds sold all LendingClub Corp shares owned while 25 reduced positions. 49 funds bought stakes while 71 increased positions. They now own 290.94 million shares or 9.29% less from 320.76 million shares in 2016Q1.
Cubist Systematic Strategies Ltd Com, a Connecticut-based fund reported 59,417 shares. Aperio Group Limited Co has invested 0% of its portfolio in LendingClub Corp (NYSE:LC). Retail Bank Of New York Mellon Corporation has 1.11 million shares for 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Commerzbank Aktiengesellschaft Fi reported 131,756 shares or 0% of all its holdings. Tocqueville Asset Management L P accumulated 0% or 56,031 shares. Pitcairn has 0.01% invested in the company for 24,441 shares. Jackson Square Prtnrs Lc accumulated 0.18% or 10.11 million shares. Jpmorgan Chase And Company last reported 521 shares in the company. Sands Cap Limited Liability Company last reported 0.48% of its portfolio in the stock. Bank & Trust Of Montreal Can has invested 0% of its portfolio in LendingClub Corp (NYSE:LC). Integral Derivatives Ltd Liability Corporation last reported 50,366 shares in the company. Davis Selected Advisers reported 661,716 shares or 0.01% of all its holdings. Zevenbergen Cap Invs Ltd Liability holds 274,500 shares or 0.06% of its portfolio. Psagot Inv House Limited accumulated 24,000 shares or 0% of the stock.
More important recent LendingClub Corp (NYSE:LC) news were published by: Investorplace.com which released: “LendingClub Corp (LC) Stock Has Learned a Lesson — People Lie” on October 11, 2016, also Fool.com published article titled: “Why LendingClub Corp. and OnDeck Capital Rocketed in August”, Profitconfidential.com published: “LC Stock: Steve Eisman Issues Dire Warning on LendingClub Corp” on September 21, 2016. More interesting news about LendingClub Corp (NYSE:LC) was released by: Nasdaq.com and their article: “Commit To Buy LendingClub Corp At $4, Earn 15% Using Options” with publication date: September 20, 2016.
LC Company Profile
LendingClub Corporation (Lending Club), incorporated on October 2, 2006, 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. The Company’s technology automates aspects of operations, including the borrower application process, data gathering, credit decisioning and scoring, loan funding, investing and servicing, regulatory compliance and fraud detection. The Company’s platform offers analytical tools and data to enable investors to make decisions and assess their portfolios. The Company’s technology platform has allowed it to expand its offerings from personal loans to include small business loans, and to expand investor classes from individuals to institutions and create various investment vehicles.
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