LendingClub Corporation (LC) EPS Estimated At $-0.03

October 13, 2018 - By Richard Conner

LendingClub Corporation (NYSE:LC) LogoInvestors sentiment decreased to 0.9 in 2018 Q2. Its down 0.32, from 1.22 in 2018Q1. It worsened, 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.
Veritable Limited Partnership stated it has 0.01% in LendingClub Corporation (NYSE:LC). Shanda Asset, a Virgin Islands – British-based fund reported 97.81 million shares. Allen Investment Management Ltd Llc holds 167,140 shares or 0.02% of its portfolio. Qcm Cayman Ltd reported 16,746 shares or 0.29% of all its holdings. New York State Common Retirement Fund holds 0% or 341,300 shares in its portfolio. Harbourvest Prtn Lc invested in 11.87% or 2.48 million shares. Foundation Llc holds 23.81% or 11.63M shares in its portfolio. Bnp Paribas Arbitrage Sa holds 19,194 shares or 0% of its portfolio. Envestnet Asset Inc reported 0% of its portfolio in LendingClub Corporation (NYSE:LC). 692,794 are held by Jefferies Gp Ltd Liability Corp. Piedmont Advisors Lc, North Carolina-based fund reported 5,490 shares. Millennium has invested 0% in LendingClub Corporation (NYSE:LC). Gam Hldg Ag stated it has 1.14 million shares or 0.15% of all its holdings. United Automobile Association stated it has 0% of its portfolio in LendingClub Corporation (NYSE:LC). 3.57 million are owned by Citigroup.

Analysts expect LendingClub Corporation (NYSE:LC) to report $-0.03 EPS on November, 6.They anticipate $0.02 EPS change or 200.00 % from last quarter’s $-0.01 EPS. After having $-0.02 EPS previously, LendingClub Corporation’s analysts see 50.00 % EPS growth. The stock decreased 0.29% or $0.01 during the last trading session, reaching $3.39. About 2.53 million shares traded. LendingClub Corporation (NYSE:LC) has declined 46.26% since October 14, 2017 and is downtrending. It has underperformed by 61.88% the S&P500.

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. Credit Suisse maintained LendingClub Corporation (NYSE:LC) rating on Wednesday, May 9. Credit Suisse has “Neutral” rating and $5 target. The stock of LendingClub Corporation (NYSE:LC) has “Equal-Weight” rating given on Thursday, July 19 by Morgan Stanley. As per Wednesday, August 8, the company rating was maintained by Citigroup. Citigroup maintained it with “Neutral” rating and $4.15 target in Monday, July 30 report. Maxim Group maintained it with “Buy” rating and $600 target in Thursday, April 26 report.

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 $1.44 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.

Another recent and important LendingClub Corporation (NYSE:LC) news was published by Seekingalpha.com which published an article titled: “LendingClub settlement fines total $6M (update)” on October 01, 2018.

LendingClub Corporation (NYSE:LC) Ratings Chart

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