LendingClub Co. (NYSE:LC – Get Rating) insider Annie Armstrong sold 3,317 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $15.57, for a total transaction of $51,645.69. Following the completion of the sale, the insider now directly owns 104,918 shares in the company, valued at $1,633,573.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Annie Armstrong also recently made the following trade(s):

• On Monday, May 9th, Annie Armstrong sold 1,290 shares of LendingClub stock. The shares were sold at an average price of $14.49, for a total transaction of $18,692.10.
• On Thursday, April 28th, Annie Armstrong sold 2,027 shares of LendingClub stock. The shares were sold at an average price of $17.00, for a total transaction of $34,459.00.
• On Thursday, April 7th, Annie Armstrong sold 1,290 shares of LendingClub stock. The stock was sold at an average price of $14.50, for a total transaction of $18,705.00.

NYSE LC traded down $0.92 on Friday, hitting $14.07. 1,189,049 shares of the stock were exchanged, compared to its average volume of 2,472,604. The company has a quick ratio of 1.08, a current ratio of 1.17 and a debt-to-equity ratio of 0.19. LendingClub Co. has a fifty-two week low of $12.27 and a fifty-two week high of $49.21. The company has a market cap of $1.44 billion, a PE ratio of 13.93 and a beta of 1.94. The company has a 50-day moving average price of $14.50 and a 200-day moving average price of $19.22.

LendingClub (NYSE:LC – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The credit services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.26 by $0.13. LendingClub had a net margin of 10.63% and a return on equity of 26.12%. The company had revenue of $289.50 million during the quarter, compared to analysts’ expectations of $262.43 million. During the same quarter in the previous year, the business posted ($0.49) EPS. The firm’s revenue was up 173.6% on a year-over-year basis. As a group, equities research analysts predict that LendingClub Co. will post 1.58 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of LC. Royal Bank of Canada grew its holdings in LendingClub by 116.2% during the 2nd quarter. Royal Bank of Canada now owns 7,450 shares of the credit services provider’s stock worth $135,000 after acquiring an additional 4,004 shares in the last quarter. Morgan Stanley boosted its holdings in shares of LendingClub by 642.0% in the 2nd quarter. Morgan Stanley now owns 1,117,063 shares of the credit services provider’s stock valued at $20,252,000 after buying an additional 966,520 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of LendingClub by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,720,445 shares of the credit services provider’s stock valued at $48,585,000 after buying an additional 7,636 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of LendingClub by 1.5% in the 3rd quarter. Voya Investment Management LLC now owns 38,075 shares of the credit services provider’s stock valued at $1,075,000 after buying an additional 568 shares in the last quarter. Finally, Guggenheim Capital LLC acquired a new position in shares of LendingClub in the 3rd quarter valued at $3,726,000. Institutional investors own 80.27% of the company’s stock.

Several equities research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of LendingClub in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised shares of LendingClub from a “sell” rating to a “hold” rating in a research note on Tuesday, April 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, LendingClub currently has a consensus rating of “Buy” and an average price target of $38.83.

About LendingClub (Get Rating)

LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans.

Further Reading

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