Wedbush disclosed Lending Club (NYSE:LC), hiking its price target to $3.75 earlier today
- Updated: October 10, 2016
Indicating a potential downside of -0.38%, Wedbush raised the target price of Lending Club (NYSE:LC) to $3.75
On Monday October 10, 2016, Wedbush released a statement on Lending Club (NYSE:LC) bumped up the target price from $0.00 to $3.75 that suggested a downside of -0.38%.
Showing a price of $6.04, Lending Club (NYSE:LC) traded 1.51% higher on the day. The last stock close price is up 8.27% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. LC has recorded a 50-day average of $5.82 and a 200-day moving average of $5.58. 4,160,452 shares of the stock traded hands, down from an avg. volume of 8,009,950
With a total market value of $0, Lending Club 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 ratings update on LC. zero equity analysts rating the company a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 analysts rating the company a sell with a 12-month price target of $8.18.
More About Lending Club (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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