LendingClub Corp (NYSE:LC) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 11, 2016
Zacks Investment Research has upgraded LendingClub Corp (NYSE:LC) to Hold in a statement released on 10/12/2016.
On 10/11/2016, Wedbush released a statement for LendingClub Corp (NYSE:LC) bumped up the target price from $0.00 to $3.75 that suggested a downside of -0.38%.
Boasting a price of $5.79, LendingClub Corp (NYSE:LC) traded -4.14% lower on the day. With the last stock price close up 3.76% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. LendingClub Corp has recorded a 50-day average of $5.83 and a two hundred day average of $5.58. Volume of trade was up over the average, with 8,288,301 shares of LC changing hands over the typical 8,051,840
With a total market value of $0, LendingClub Corp has with a one year low of $3.44 and a one year high of $15.00 .
A total of 15 equity analysts have released a research note on LC. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $8.18.
Brief Synopsis About LendingClub Corp (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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