Is LendingClub Corporation (LC)’s Fuel For Real? The Stock Just Increased Again

LendingClub Corporation (NYSE:LC) Logo

Investors sentiment increased to 1.04 in Q4 2018. Its up 0.25, from 0.79 in 2018Q3. It is positive, as 17 investors sold LendingClub Corporation shares while 31 reduced holdings. 17 funds opened positions while 33 raised stakes. 347.73 million shares or 0.06% more from 347.53 million shares in 2018Q3 were reported.
Evergreen Cap Mngmt owns 0% invested in LendingClub Corporation (NYSE:LC) for 13,750 shares. Geode Capital Ltd Liability holds 0% or 4.05M shares. Foundation Cap Ltd Liability Co holds 59.73% of its portfolio in LendingClub Corporation (NYSE:LC) for 11.63 million shares. Citadel Limited Liability Corporation invested 0% of its portfolio in LendingClub Corporation (NYSE:LC). Newfocus Financial Gp Lc owns 16,964 shares for 0.03% of their portfolio. Advisory Ser Networks Ltd Liability Corp holds 3,000 shares or 0% of its portfolio. First Republic Invest Mngmt has 789,667 shares for 0.01% of their portfolio. Tiger Glob Management Ltd Limited Liability Company, a New York-based fund reported 275,000 shares. Morgan Stanley reported 16.73M shares. 500 are held by San Francisco Sentry Investment Grp (Ca). Dekabank Deutsche Girozentrale has invested 0% in LendingClub Corporation (NYSE:LC). Ameritas Inv Ptnrs invested in 26,066 shares. Optimum Invest Advisors stated it has 0% in LendingClub Corporation (NYSE:LC). Parallax Volatility Advisers L P stated it has 0% in LendingClub Corporation (NYSE:LC). Barclays Public Ltd Com holds 0% of its portfolio in LendingClub Corporation (NYSE:LC) for 57,530 shares.

The stock of LendingClub Corporation (NYSE:LC) is a huge mover today! The stock increased 16.77% or $0.54 during the last trading session, reaching $3.76. About 5.65M shares traded or 173.42% up from the average. LendingClub Corporation (NYSE:LC) has declined 18.63% since May 8, 2018 and is downtrending. It has underperformed by 23.00% the S&P500.
The move comes after 9 months positive chart setup for the $1.63 billion company. It was reported on May, 8 by Barchart.com. We have $4.06 PT which if reached, will make NYSE:LC worth $130.64 million more.

LendingClub Corporation (NYSE:LC) Ratings Coverage

Among 4 analysts covering LendingClub Corp (NYSE:LC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. LendingClub Corp has $5 highest and $3.75 lowest target. $4.50’s average target is 19.68% above currents $3.76 stock price. LendingClub Corp had 6 analyst reports since February 20, 2019 according to SRatingsIntel. The stock has “Hold” rating by Morgan Stanley on Wednesday, February 20. The stock of LendingClub Corporation (NYSE:LC) has “Hold” rating given on Wednesday, February 20 by Wedbush. Oppenheimer maintained LendingClub Corporation (NYSE:LC) rating on Wednesday, February 20. Oppenheimer has “Buy” rating and $5 target. The firm earned “Buy” rating on Wednesday, February 20 by Maxim Group.

More notable recent LendingClub Corporation (NYSE:LC) news were published by: Seekingalpha.com which released: “LendingClub’s EBITDA prospects get no respect: BTIG – Seeking Alpha” on February 20, 2019, also Seekingalpha.com with their article: “LendingClub -5.3% on weak guidance for Q1, year – Seeking Alpha” published on February 19, 2019, Seekingalpha.com published: “LendingClub: Slowly Recovering In The Shadows – Seeking Alpha” on March 13, 2019. More interesting news about LendingClub Corporation (NYSE:LC) were released by: Seekingalpha.com and their article: “LendingClub: Perplexing Negativity – Seeking Alpha” published on November 13, 2018 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Chipotle, Disney, Hasbro, Inogen, Lending Club, Mosaic, Mylan, Pinterest, US Steel and More – 24/7 Wall St.” with publication date: May 08, 2019.

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 $1.63 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.

LendingClub Corporation (NYSE:LC) Ratings Chart

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