LendingClub Corporation (NYSE:LC) Analyst Estimates And Rating
LendingClub Corporation (NYSE:LC) stock is presently standing at about $5.26 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 15 analysts covering the company is $6.00, which suggests the stock could still rise over 12 percent. The highest analyst price target is $9.00, which implies a rally of 29 percent. And a quick view of analyst notes show that 0 are rating the stock a buy while 0 rate LC a strong buy. There are 0 equity research firms advocating a Hold and 0 consider it Sell.
Morgan Stanley analysts provided their view on LendingClub Corporation (NYSE:LC) recently. The rating firm issued a Overweight rating to this company in a research note released on Nov 03, 2016. Wedbush analysts disclosed their opinion on LendingClub Corporation (NYSE:LC) recently. The rating firm gave a Underperform rating to this stock in a research note published on Oct 11, 2016. According to a research note disclosed on Jun 08, 2016, analysts at Keefe Bruyette have upped their rating on these shares from Underperform to Mkt Perform.
LendingClub Corporation (NYSE:LC) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director Williams Simon sold 250,000 company shares for 1312500, in a transaction on 2017-03-01. Following the transaction, the Director is left with a stake of 289,053 shares, currently valued at $1520419. Meanwhile, CFO CASEY THOMAS W sold 4,942 shares worth $27920, through a transaction dated 2017-02-27. Following the completion of the transaction, the insider is left with a stake of 17,393 shares, amounting $91487.18. LC General Counsel ELMER RUSSELL S also sold 14,757 shares, at a stock price of $5.65. This transaction occurred on 2017-02-27 totals $83380. After this transaction, the insider’s stake stands at 51,299 shares, with a market value of $269833.
Executives hold 3.65 percent of the stock. Mr. Renaud Laplanche is one of the biggest insider owners in LendingClub Corporation (NYSE:LC), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 4,465,492 shares which have current market value of around $23488487.92.Daniel T. Ciporin is another major inside shareholder in the company. The insider owns 1,004,809 shares as of 0.25%, currently worth $5285295.34. Mr. John J. Mack is ranked as third insider holder of the stock. This insider holds 849,387 shares with a market value around $4467775.62 as of recent close.
LendingClub Corporation (NYSE:LC) Earnings Outlook
In LendingClub Corporation (NYSE:LC)’s latest quarter, EPS moved to $-0.02 from $-0.04 in preceding quarter and revenues reached at $130.52M compared to $114.56M. Analysts had expected LendingClub Corporation (NYSE:LC) to post net income of about $-0.03 per share on $121.90M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.04 to $-0.02. That is compared with the $0.05 in EPS it reported during the same period a year ago.