LendingClub Co. (NYSE: LC – Get Rating) insider Valerie Kay sold 22,996 shares of LendingClub in a trade that took place on Thursday, May 26. The stock was sold at an average price of $14.06, for a total transaction of $323,323.76. Following the transaction, the insider now directly owns 139,379 shares of the company, valued at approximately $1,959,668.74. The transaction was disclosed in a document filed with the SEC, which is available via this hyperlink.

Valerie Kay also recently made the following trade(s):

  • On Monday, February 28, Valerie Kay sold 12,688 shares of LendingClub. The stock was sold at an average price of $18.59, for a total transaction of $235,869.92.

Shares of NYSE LC traded at $1.51 at midday Friday, hitting $15.64. The company’s shares had a trading volume of 2,578,894 shares, compared to its average volume of 2,574,437. The company has a current ratio of 1.17, a quick ratio of 1.08 and a leverage of 0.19. LendingClub Co. has a fifty-two week low of $12.27 and a fifty-two week high of $49.21. The stock has a market capitalization of $1.60 billion, a price-earnings ratio of 15.49 and a beta of 1.95. The stock has a 50-day simple moving average of $14.58 and a 200-day simple moving average of $20.84.

LendingClub (NYSE:LC – Get Rating) last released its quarterly earnings data on Wednesday, April 27. The credit service provider reported earnings per share (EPS) of $0.39 for the quarter, beating consensus analyst estimates of $0.26 by $0.13. LendingClub had a net margin of 10.63% and a return on equity of 26.12%. The company posted revenue of $289.50 million for the quarter, versus a consensus estimate of $262.43 million. During the same period last year, the company made ($0.49) earnings per share. The company’s revenue increased by 173.6% compared to the same quarter last year. As a group, equity analysts expect LendingClub Co. to post EPS of 1.58 for the current year.

Hedge funds and other institutional investors have recently been buying and selling shares of the company. Goldman Sachs Group Inc. increased its stake in LendingClub by 20.2% during the third quarter. Goldman Sachs Group Inc. now owns 800,102 shares of the credit services provider worth $22,595,000 after buying an additional 134,311 shares in the last quarter. Trexquant Investment LP increased its stake in LendingClub by 35.1% during the third quarter. Trexquant Investment LP now owns 34,175 shares of the credit services provider worth $965,000 after buying an additional 8,870 shares in the last quarter. Victory Capital Management Inc. increased its stake in LendingClub by 62.6% during the fourth quarter. Victory Capital Management Inc. now owns 13,848 shares of the credit services provider worth $335,000 after buying 5,330 additional shares in the last quarter. Shell Asset Management Co. acquired a new position in LendingClub during the fourth quarter worth $4,804,000. Finally, Emerald Advisers LLC acquired a new position in LendingClub during the fourth quarter worth $87,000. Institutional investors hold 80.27% of the company’s shares.

Several research analysts have recently weighed in on LC shares. Wedbush reduced its price target on LendingClub shares from $35.00 to $30.00 in a Monday, February 7 research note. Credit Suisse Group cut its price target on LendingClub shares from $34.00 to $27.00 and set a “neutral” rating on the stock in a Thursday, Jan. 27 research note. Zacks Investment Research upgraded shares of LendingClub from a “sell” rating to a “hold” rating in a Tuesday, April 12 report. Finally, StockNews.com assumed coverage of LendingClub stocks in a Thursday, March 31 report. They have placed a “holding” rating on the stock. Three investment analysts gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $38.83.

About LendingClub (Get a rating)

LendingClub Corporation, operates as a bank holding company for LendingClub Bank, a national association that provides a range of financial products and services through a technology platform in the United States. The Company provides commercial and industrial real estate, commercial real estate, small business and equipment loans, as well as rental equipment; and unsecured personal and auto loans, patient financing and education financing.

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