Published On: Wed, Oct 19th, 2016

Lending Club (NYSE:LC) Latest Broker Coverage


A number of investment brokers have recently updated their price targets on shares of Lending Club (NYSE:LC).

Most recent broker ratings

10/14/2016 – Lending Club had its “market perform” rating reiterated by analysts at FBR Capital Markets. They now have a USD 6.5 price target on the stock.

10/10/2016 – Wedbush began new coverage on Lending Club giving the company a “underperform” rating. They now have a USD 3.75 price target on the stock.

09/29/2016 – Lending Club had its “buy” rating reiterated by analysts at BTIG Research. They now have a USD 9 price target on the stock.

09/09/2016 – Lending Club had its “equal weight” rating reiterated by analysts at Morgan Stanley.

08/15/2016 – Lending Club had its “market perform” rating reiterated by analysts at Keefe, Bruyette & Woods. They now have a USD 5 price target on the stock.

08/09/2016 – Lending Club had its “sector weight” rating reiterated by analysts at Pacific Crest.

08/09/2016 – Lending Club had its “neutral” rating reiterated by analysts at Credit Suisse. They now have a USD 7 price target on the stock.

08/09/2016 – Lending Club had its “neutral” rating reiterated by analysts at Goldman Sachs. They now have a USD 5 price target on the stock.

08/04/2016 – Oppenheimer began new coverage on Lending Club giving the company a “perform” rating.

07/25/2016 – Lending Club had its “hold” rating reiterated by analysts at Canaccord Genuity. They now have a USD 7 price target on the stock.

05/26/2016 – Macquarie began new coverage on Lending Club giving the company a “neutral” rating. They now have a USD 5.15 price target on the stock.

05/17/2016 – Lending Club had its “sell” rating reiterated by analysts at Compass Point. They now have a USD 3 price target on the stock.

05/10/2016 – Lending Club was downgraded to “neutral” by analysts at Guggenheim.

05/09/2016 – Lending Club was downgraded to “hold” by analysts at Stifel Nicolaus.

05/09/2016 – Lending Club was downgraded to “underperform” by analysts at Sterne Agee. They now have a USD 5 price target on the stock.

The share price of Lending Club (NYSE:LC) was down -1.60% during the last day of trading, with a day high of 5.00. 7419605 shares were traded during the last session.

The stock’s 50 day moving average is 5.80 and its 200 day moving average is 5.48. The stock’s market capitalization is 1.92B. Lending Club has a 52-week low of 3.44 and a 52-week high of 15.00.

LendingClub Corporation (Lending Club) 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 is only available on a limited basis to large institutional investors. Its 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. Its platform offers analytical tools and data to enable investors to make decisions and assess their portfolios. Its 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. Its solution offers an online application process and provides borrowers with access to live support and online tools.