LendingClub Co. (NYSE:LC – Get Free Report) has received an average recommendation of “Moderate Buy” from the five research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $11.42.
A number of brokerages recently issued reports on LC. Piper Sandler reiterated an “overweight” rating and issued a $10.00 target price (up from $9.50) on shares of LendingClub in a report on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and set a $11.00 price objective on shares of LendingClub in a report on Wednesday, May 1st. StockNews.com downgraded shares of LendingClub from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of LendingClub from $9.50 to $10.00 and gave the company a “market perform” rating in a research report on Wednesday, May 1st.
Read Our Latest Stock Report on LC
Institutional Investors Weigh In On LendingClub
LendingClub Stock Down 0.5 %
LendingClub stock opened at $9.28 on Wednesday. The company has a market capitalization of $1.03 billion, a PE ratio of 27.29 and a beta of 2.00. LendingClub has a 12-month low of $4.73 and a 12-month high of $10.92. The firm’s fifty day moving average is $8.23 and its 200 day moving average is $7.67.
LendingClub (NYSE:LC – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.08. The firm had revenue of $180.69 million for the quarter, compared to analyst estimates of $174.52 million. LendingClub had a net margin of 4.69% and a return on equity of 3.04%. During the same quarter in the prior year, the business earned $0.13 earnings per share. Sell-side analysts expect that LendingClub will post 0.26 EPS for the current fiscal year.
LendingClub Company Profile
LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.
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