A statement released earlier today by FBR & Co. about LendingClub Corporation (NYSE:LC) bumps the target price to $6.50
- Updated: October 14, 2016
FBR & Co. raised the target price of LendingClub Corporation (NYSE:LC) to $6.50 reporting a potential upside of 0.21%.
Having a price of $5.38, LendingClub Corporation (NYSE:LC) traded -0.72% lower on the day. With the last close down -1.42% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. LendingClub Corporation has recorded a 50-day average of $5.84 and a two hundred day average of $5.58. Volume of trade was down over the average, with 5,539,719 shares of LC changing hands under the typical 7,964,270
With a market capitalization of $0, LendingClub Corporation has with a one year low of $3.44 and a one year high of $15.00 .
A total of 15 brokerages have issued a ratings update on LendingClub Corporation. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $8.18.
General Company Details For LendingClub Corporation (NYSE:LC)
LendingClub Corporation (Lending Club) provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that is only available on a limited basis to large institutional investors. Its technology automates aspects of operations, including the borrower application process, data gathering, credit decisioning and scoring, loan funding, investing and servicing, regulatory compliance and fraud detection. Its platform offers analytical tools and data to enable investors to make decisions and assess their portfolios. Its technology platform has allowed it to expand its offerings from personal loans to include small business loans, and to expand investor classes from individuals to institutions and create various investment vehicles. Its solution offers an online application process and provides borrowers with access to live support and online tools.
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