LendingClub (NYSE:LC) “Neutral” Rating Reiterated Today By Credit Suisse; The Target Price Given is $5

February 22, 2018 - By Louis Casey

 LendingClub (NYSE:LC)

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.10, from 1.29 in 2017Q2. It worsened, as 26 investors sold LendingClub Corporation shares while 42 reduced holdings. 23 funds opened positions while 58 raised stakes. 337.60 million shares or 4.08% more from 324.35 million shares in 2017Q2 were reported.

111,282 are held by Ing Groep Nv. 57.74 million are owned by Shanda Asset Mgmt. Engineers Gate Manager L P reported 0.07% stake. Malaga Cove Cap Ltd holds 0.09% or 24,000 shares. Veritable Lp has 0.01% invested in LendingClub Corporation (NYSE:LC). Tiger Global Mngmt Limited Liability holds 275,000 shares. Hap Trading Ltd Liability Com holds 0.01% of its portfolio in LendingClub Corporation (NYSE:LC) for 45,787 shares. State Board Of Administration Of Florida Retirement System reported 145,271 shares. The Pennsylvania-based Sei Comm has invested 0.05% in LendingClub Corporation (NYSE:LC). Renaissance Tech Limited Liability Co holds 0.03% in LendingClub Corporation (NYSE:LC) or 4.30M shares. Retail Bank Of Nova Scotia holds 0.05% in LendingClub Corporation (NYSE:LC) or 1.35 million shares. Evergreen Cap Management Limited Liability Corporation stated it has 0.33% of its portfolio in LendingClub Corporation (NYSE:LC). Tpg Hldg (Sbs) Advisors Inc holds 0.03% or 320,000 shares in its portfolio. Voya Investment Mngmt Ltd Liability Company invested 0% in LendingClub Corporation (NYSE:LC). Profund Advsrs Ltd Co owns 13,014 shares.

LendingClub (NYSE:LC) Rating Reaffirmed

In a research report published on Wednesday, 21 February, The “Neutral” rating of LendingClub (NYSE:LC) shares was reaffirmed at Credit Suisse, who now has a $5 target price on the stock. Credit Suisse’s target price means a possible upside of 28.21 % from the last close price of the company.

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.10, from 1.29 in 2017Q2. It worsened, as 26 investors sold LendingClub Corporation shares while 42 reduced holdings. 23 funds opened positions while 58 raised stakes. 337.60 million shares or 4.08% more from 324.35 million shares in 2017Q2 were reported.

111,282 are held by Ing Groep Nv. 57.74 million are owned by Shanda Asset Mgmt. Engineers Gate Manager L P reported 0.07% stake. Malaga Cove Cap Ltd holds 0.09% or 24,000 shares. Veritable Lp has 0.01% invested in LendingClub Corporation (NYSE:LC). Tiger Global Mngmt Limited Liability holds 275,000 shares. Hap Trading Ltd Liability Com holds 0.01% of its portfolio in LendingClub Corporation (NYSE:LC) for 45,787 shares. State Board Of Administration Of Florida Retirement System reported 145,271 shares. The Pennsylvania-based Sei Comm has invested 0.05% in LendingClub Corporation (NYSE:LC). Renaissance Tech Limited Liability Co holds 0.03% in LendingClub Corporation (NYSE:LC) or 4.30M shares. Retail Bank Of Nova Scotia holds 0.05% in LendingClub Corporation (NYSE:LC) or 1.35 million shares. Evergreen Cap Management Limited Liability Corporation stated it has 0.33% of its portfolio in LendingClub Corporation (NYSE:LC). Tpg Hldg (Sbs) Advisors Inc holds 0.03% or 320,000 shares in its portfolio. Voya Investment Mngmt Ltd Liability Company invested 0% in LendingClub Corporation (NYSE:LC). Profund Advsrs Ltd Co owns 13,014 shares.

LendingClub Corporation (NYSE:LC) Ratings Coverage

Among 25 analysts covering LendingClub Corporation (NYSE:LC), 7 have Buy rating, 0 Sell and 18 Hold. Therefore 28% are positive. LendingClub Corporation has $24 highest and $2 lowest target. $7.38’s average target is 89.23% above currents $3.9 stock price. LendingClub Corporation had 66 analyst reports since July 31, 2015 according to SRatingsIntel. On Thursday, March 16 the stock rating was upgraded by Guggenheim to “Buy”. The rating was maintained by BTIG Research with “Buy” on Wednesday, November 8. FBR Capital downgraded the stock to “Mkt Perform” rating in Wednesday, June 8 report. The rating was upgraded by Compass Point to “Neutral” on Friday, December 8. The firm has “Outperform” rating by FBR Capital given on Wednesday, September 2. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, May 18. BTIG Research maintained LendingClub Corporation (NYSE:LC) on Wednesday, February 21 with “Buy” rating. The stock has “Market Perform” rating by Raymond James on Friday, April 15. Maxim Group maintained the stock with “Buy” rating in Tuesday, February 20 report. Stifel Nicolaus maintained the stock with “Hold” rating in Tuesday, August 8 report.

The stock decreased 5.57% or $0.23 during the last trading session, reaching $3.9. About 12.49 million shares traded or 27.08% up from the average. LendingClub Corporation (NYSE:LC) has risen 52.97% since February 22, 2017 and is uptrending. It has outperformed by 36.27% 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 $1.62 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 important recent LendingClub Corporation (NYSE:LC) news were published by: Benzinga.com which released: “10 Stocks To Watch For February 21, 2018” on February 21, 2018, also Reuters.com published article titled: “LendingClub quarterly loss widens due to litigation expense”, Investorplace.com published: “LendingClub Corp (LC) Shares Sink on Q4 Earnings Miss” on February 20, 2018. More interesting news about LendingClub Corporation (NYSE:LC) was released by: Law360.com and their article: “LendingClub Unveils $125M Settlement Of Investor Suits” with publication date: February 21, 2018.

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