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Zacks Investment Research downgraded LendingClub Corp (NYSE:LC) to Hold in a statement released earlier today.

Zacks Investment Research has downgraded LendingClub Corp (NYSE:LC) to Hold in a statement released on Wednesday June 21, 2017.

On 6/6/2017, Zacks Investment Research released a statement on LendingClub Corp (NYSE:LC) upped the target price from $0.00 to $6.50 that suggested an upside of 0.15%.

Having a price of $5.65, LendingClub Corp (NYSE:LC) traded 1.81% higher on the day. The last stock close price is up 9.90% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. LendingClub Corp has recorded a 50-day average of $5.89 and a two hundred day average of $5.62. Volume of trade was up over the average, with 6,310,153 shares of LC changing hands over the typical 5,870,050

Performance Chart

LendingClub Corp (NYSE:LC)

With a total market value of $0, LendingClub Corp has with a one year low of $4.64 and a one year high of $6.78 .

In addition to Zacks Investment Research reporting its stock price target, a total of 15 brokers have issued a report on the company. The average stock price target is $8.18 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About LendingClub Corp (NYSE:LC)

LendingClub Corporation 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 has been closed to many investors and 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.

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