The stock of LendingClub Corp (NYSE:LC) is a huge mover today! About 12.45 million shares traded hands or 76.35% up from the average. LendingClub Corp (NYSE:LC) has declined 35.88% since April 5, 2016 and is downtrending. It has underperformed by 37.83% the S&P500.
The move comes after 5 months positive chart setup for the $2.33B company. It was reported on Nov, 7 by Barchart.com. We have $8.29 PT which if reached, will make NYSE:LC worth $885.40 million more.
LendingClub Corp (NYSE:LC) Ratings Coverage
Out of 18 analysts covering LendingClub Corporation (NYSE:LC), 2 rate it a “Buy”, 2 “Sell”, while 14 “Hold”. This means 11% are positive. LendingClub Corporation has been the topic of 36 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Sterne Agee CRT downgraded the stock to “Neutral” rating in Thursday, February 25 report. The firm earned “Market Perform” rating on Thursday, August 13 by KBW. On Tuesday, August 9 the stock rating was maintained by Citigroup with “Neutral”. FBR Capital maintained the shares of LC in a report on Friday, October 14 with “Mkt Perform” rating. The firm has “Mkt Perform” rating given on Wednesday, June 8 by FBR Capital. The firm has “Equal-Weight” rating given on Tuesday, May 31 by Morgan Stanley. Wood downgraded LendingClub Corp (NYSE:LC) rating on Wednesday, May 11. Wood has “Underperform” rating and $2 price target. FBR Capital maintained it with “Outperform” rating and $18 target price in Friday, October 30 report. The firm has “Neutral” rating given on Thursday, May 26 by Macquarie Research. The firm has “Underperform” rating by Keefe Bruyette & Woods given on Wednesday, May 11.
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.
Geduld E E has 25,000 shares for 0.14% of their US portfolio. Sands Cap Mngmt Ltd Liability Co accumulated 35.90 million shares or 0.48% of the stock. Dimensional Fund Advsrs L P last reported 12,489 shares in the company. Wellington Mgmt Grp Incorporated Llp has 21.86M shares for 0.02% of their US portfolio. Tci Wealth Advsrs Inc last reported 0.01% of its portfolio in the stock. Spot Trading Lc accumulated 24,260 shares or 0% of the stock. Rhumbline Advisers has invested 0% of its portfolio in LendingClub Corp (NYSE:LC). Aperio Grp Ltd Liability Com has 18,068 shares for 0% of their US portfolio. Joel Isaacson Co Ltd Com accumulated 24,717 shares or 0.02% of the stock. Profund Advsr Llc holds 11,297 shares or 0% of its portfolio. Diversified Trust Company, a Tennessee-based fund reported 49,605 shares. Davis Selected Advisers has 0.01% invested in the company for 661,716 shares. Ladenburg Thalmann reported 6,422 shares or 0% of all its holdings. Seven Eight Limited Liability Corporation, a New York-based fund reported 1 shares. Sei Invests holds 1.04M shares or 0.03% of its portfolio.
More notable recent LendingClub Corp (NYSE:LC) news were published by: Fool.com which released: “Why LendingClub Corp. Stock Is Soaring Today” on November 07, 2016, also Valuewalk.com with their article: “Plug Power Inc Tumbles On Revenue Miss, LendingClub Corp Surges” published on November 07, 2016, Schaeffersresearch.com published: “Buzz Stocks: Cempra Inc, Ionis Pharmaceuticals Inc, and LendingClub Corp” on November 07, 2016. More interesting news about LendingClub Corp (NYSE:LC) were released by: Investorplace.com and their article: “LendingClub Corp (LC) Stock Has Learned a Lesson — People Lie” published on October 11, 2016 as well as Blogs.Wsj.com‘s news article titled: “Stocks to Watch: LendingClub, Datalink, NetSuite” with publication date: November 07, 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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