A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of LendingClub from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, March 10th. Keefe, Bruyette & Woods cut their price objective on shares of LendingClub from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, Wall Street Zen downgraded shares of LendingClub from a “hold” rating to a “sell” rating in a research report on Tuesday, May 6th.

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In other LendingClub news, CEO Scott Sanborn sold 5,250 shares of the company’s stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $10.00, for a total value of $52,500.00. Following the transaction, the chief executive officer now directly owns 1,303,032 shares in the company, valued at $13,030,320. This represents a 0.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael P. Zeisser acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, April 30th. The shares were acquired at an average price of $9.35 per share, for a total transaction of $187,000.00. Following the completion of the purchase, the director now owns 174,138 shares of the company’s stock, valued at approximately $1,628,190.30. This represents a 12.98% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 26,250 shares of company stock worth $269,273. 3.19% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its holdings in shares of LendingClub by 353.1% during the fourth quarter. Wellington Management Group LLP now owns 3,799,585 shares of the credit services provider’s stock worth $61,515,000 after purchasing an additional 2,961,050 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in LendingClub by 229.1% in the fourth quarter. Driehaus Capital Management LLC now owns 3,588,799 shares of the credit services provider’s stock valued at $58,103,000 after buying an additional 2,498,318 shares in the last quarter. Nuveen LLC purchased a new position in LendingClub in the first quarter valued at $16,329,000. Balyasny Asset Management L.P. increased its holdings in LendingClub by 196.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,131,253 shares of the credit services provider’s stock valued at $34,505,000 after buying an additional 1,412,568 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in LendingClub by 158.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,522,360 shares of the credit services provider’s stock valued at $24,647,000 after buying an additional 933,680 shares in the last quarter. Hedge funds and other institutional investors own 74.08% of the company’s stock.

Shares of NYSE LC opened at $10.62 on Thursday. LendingClub has a twelve month low of $7.81 and a twelve month high of $18.75. The firm has a market cap of $1.21 billion, a P/E ratio of 23.59 and a beta of 2.41. The company has a 50 day moving average of $10.05 and a 200 day moving average of $12.89.

LendingClub (NYSE:LC – Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The company had revenue of $217.71 million during the quarter, compared to analyst estimates of $213.71 million. LendingClub had a net margin of 6.52% and a return on equity of 4.16%. The firm’s revenue for the quarter was up 21670.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. As a group, equities analysts expect that LendingClub will post 0.72 earnings per share for the current fiscal year.

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LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.

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