LendingClub (NYSE:LC - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

A number of other brokerages also recently weighed in on LC. Citizens Jmp initiated coverage on shares of LendingClub in a research note on Monday, July 7th. They issued a "market perform" rating for the company. Citigroup assumed coverage on shares of LendingClub in a research note on Monday. They issued a "market perform" rating for the company. Keefe, Bruyette & Woods dropped their price target on shares of LendingClub from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, Stephens assumed coverage on shares of LendingClub in a research note on Thursday, June 12th. They set an "overweight" rating and a $15.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $16.13.

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Shares of LC stock opened at $12.71 on Friday. LendingClub has a 12-month low of $7.90 and a 12-month high of $18.75. The company has a market capitalization of $1.45 billion, a P/E ratio of 28.89 and a beta of 2.44. The firm has a 50-day moving average price of $11.04 and a 200 day moving average price of $12.12.

LendingClub (NYSE:LC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. LendingClub had a net margin of 6.16% and a return on equity of 4.04%. The company had revenue of $217.71 million during the quarter, compared to the consensus estimate of $213.71 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The company's revenue was up 21670.0% on a year-over-year basis. As a group, research analysts expect that LendingClub will post 0.72 earnings per share for the current year.

In related news, CEO Scott Sanborn sold 5,250 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $10.34, for a total transaction of $54,285.00. Following the completion of the transaction, the chief executive officer owned 1,297,782 shares in the company, valued at approximately $13,419,065.88. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael P. Zeisser acquired 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were purchased at an average price of $9.35 per share, with a total value of $187,000.00. Following the acquisition, the director owned 174,138 shares of the company's stock, valued at approximately $1,628,190.30. This trade represents a 12.98% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 31,500 shares of company stock valued at $341,250. Corporate insiders own 3.19% of the company's stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in shares of LendingClub by 36.0% in the first quarter. Wellington Management Group LLP now owns 5,167,642 shares of the credit services provider's stock worth $53,330,000 after purchasing an additional 1,368,057 shares in the last quarter. Driehaus Capital Management LLC lifted its position in shares of LendingClub by 8.6% in the first quarter. Driehaus Capital Management LLC now owns 3,897,322 shares of the credit services provider's stock worth $40,220,000 after purchasing an additional 308,523 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of 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 worth $34,505,000 after purchasing an additional 1,412,568 shares in the last quarter. Long Focus Capital Management LLC lifted its position in shares of LendingClub by 26.4% in the first quarter. Long Focus Capital Management LLC now owns 2,034,725 shares of the credit services provider's stock worth $20,998,000 after purchasing an additional 425,000 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of LendingClub by 9.3% in the fourth quarter. American Century Companies Inc. now owns 1,895,699 shares of the credit services provider's stock worth $30,691,000 after purchasing an additional 160,916 shares in the last quarter. Institutional investors and hedge funds own 74.08% of the company's stock.

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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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