Are Analysts Bullish about LendingClub Corporation (NYSE:LC) after last week?

October 2, 2018 - By Michael Collier

LendingClub Corporation (NYSE:LC) LogoInvestors sentiment decreased to 0.9 in Q2 2018. Its down 0.32, from 1.22 in 2018Q1. It turned negative, as 19 investors sold LendingClub Corporation shares while 41 reduced holdings. 15 funds opened positions while 39 raised stakes. 340.47 million shares or 1.57% less from 345.90 million shares in 2018Q1 were reported.
Morgan Stanley has 15.68 million shares. Zeke Limited Company holds 0.01% in LendingClub Corporation (NYSE:LC) or 19,281 shares. Metropolitan Life Insur Co New York has invested 0% in LendingClub Corporation (NYSE:LC). Price holds 178,936 shares or 0.33% of its portfolio. Millennium Mngmt Ltd Co has invested 0% in LendingClub Corporation (NYSE:LC). Joel Isaacson Ltd invested in 110,687 shares or 0.07% of the stock. Sei Invs Company holds 595,836 shares. Barclays Public Lc owns 61,708 shares for 0% of their portfolio. Personal accumulated 0% or 18,960 shares. 37,023 are owned by Symons Management. Intll Grp invested 0% of its portfolio in LendingClub Corporation (NYSE:LC). Gam Hldgs Ag invested in 1.14 million shares or 0.15% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% of its portfolio in LendingClub Corporation (NYSE:LC). Jefferies Grp Ltd Liability Corp has invested 0.01% in LendingClub Corporation (NYSE:LC). Geode Cap has 3.31 million shares.

LendingClub Corporation (NYSE:LC) Ratings Coverage

Among 5 analysts covering LendingClub Corp (NYSE:LC), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. LendingClub Corp had 6 analyst reports since April 26, 2018 according to SRatingsIntel. On Wednesday, August 8 the stock rating was maintained by Citigroup with “Neutral”. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, May 9. The company was maintained on Monday, July 30 by Citigroup. Maxim Group maintained the stock with “Buy” rating in Thursday, April 26 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, July 19. Below is a list of LendingClub Corporation (NYSE:LC) latest ratings and price target changes.

08/08/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $4.15 New Target: $4.25 Maintain
30/07/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $3.5 New Target: $4.15 Maintain
19/07/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Equal-Weight Old Target: $6.5 Downgrade
01/06/2018 Broker: Craig Hallum Rating: Buy New Target: $5.0000
09/05/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $5.8 New Target: $5 Maintain
26/04/2018 Broker: Maxim Group Rating: Buy New Target: $6.0000 Maintain

The stock increased 1.29% or $0.05 during the last trading session, reaching $3.93. About 3.09M shares traded. LendingClub Corporation (NYSE:LC) has declined 46.26% since October 2, 2017 and is downtrending. It has underperformed by 61.88% the S&P500.

LendingClub Corporation, together with its subsidiaries, operates as an online marketplace that connects borrowers and investors in the United States. The company has market cap of $1.66 billion. The Company’s marketplace facilitates various types of loan products for clients and small businesses, including unsecured personal loans, unsecured education and patient finance loans, auto refinance loans, and small business loans and lines of credit. It currently has negative earnings. The firm also offers investors an opportunity to invest in a range of loans based on term and credit characteristics.

More news for LendingClub Corporation (NYSE:LC) were recently published by: Streetinsider.com, which released: “LendingClub (LC) Announces DOJ and SEC Settlements” on October 01, 2018. Seekingalpha.com‘s article titled: “LendingClub settlement fines total $6M (update)” and published on October 02, 2018 is yet another important article.

LendingClub Corporation (NYSE:LC) Ratings Chart

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