LendingClub Corporation Common (NYSE:LC):
Lending Club Unveils Auto Refinancing Product.
In the market the company is trading down from yesterday’s close of $4.75.
Shares of the company are trading at $4.70 just a bit lower than $5.67, the stock’s 50 day moving average and a tad under the 200 day moving average of $5.34. The 50 day moving average went down by -17.09% and the 200 day average went down by -11.94%.
As of the last earnings report the EPS was $-0.19 and is projected to be $-0.14 for the current year with 391,149,000 shares currently outstanding. Next quarter’s EPS is expected be $-0.03 with next year’s EPS projected to be $0.06.
Several ratings firms have weighed in on LendingClub Corporation Common recently. On October 28 the company was upgraded from “Buy” to “Buy” by analysts at Craig-Hallum. On October 10 analysts at Wedbush started covering the stock giving it an initial rating of “Underperform”.
June 29 investment analysts at Goldman Sachs maintained a company rating of “Neutral” and raised the price target from $4.40 to $4.70. On June 8 the stock rating was upgraded to “Market Perform” from “Sector Weight” and a price target of $5.00 was set in a report from Keefe Bruyette & Woods.
On May 26, 2016 Macquarie initiated coverage with a rating of “Neutral”. On May 18 Goldman Sachs held the stock rating at “Neutral” and lowered the price expectation to $4.40 from $22.00.