Sameer Gulati Sells 17,366 Shares of LendingClub Corporation (NYSE:LC) Stock

LendingClub Corporation (NYSE:LC) COO Sameer Gulati sold 17,366 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $6.09, for a total value of $105,758.94. Following the completion of the transaction, the chief operating officer now owns 273,077 shares in the company, valued at approximately $1,663,038.93. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Sameer Gulati also recently made the following trade(s):

  • On Wednesday, July 26th, Sameer Gulati sold 8,305 shares of LendingClub Corporation stock. The stock was sold at an average price of $5.08, for a total value of $42,189.40.
  • On Monday, June 26th, Sameer Gulati sold 8,170 shares of LendingClub Corporation stock. The stock was sold at an average price of $5.70, for a total value of $46,569.00.

Shares of LendingClub Corporation (NYSE:LC) remained flat at $6.29 during midday trading on Wednesday. 2,900,596 shares of the company were exchanged. LendingClub Corporation has a 52-week low of $4.64 and a 52-week high of $6.78. The stock has a 50-day moving average of $5.77 and a 200-day moving average of $5.61. The stock’s market capitalization is $2.59 billion.

LendingClub Corporation (NYSE:LC) last issued its quarterly earnings results on Monday, August 7th. The credit services provider reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.06). LendingClub Corporation had a negative return on equity of 11.97% and a negative net margin of 24.52%. The business had revenue of $139.60 million for the quarter, compared to the consensus estimate of $134.02 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. LendingClub Corporation’s revenue for the quarter was up 35.0% compared to the same quarter last year. On average, analysts predict that LendingClub Corporation will post $0.04 earnings per share for the current year.

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A number of analysts recently issued reports on the company. BidaskClub downgraded LendingClub Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded LendingClub Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine downgraded LendingClub Corporation from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $6.50 target price on shares of LendingClub Corporation in a research report on Thursday, August 10th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $7.00 target price on shares of LendingClub Corporation in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $6.78.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LC. Norges Bank acquired a new stake in LendingClub Corporation during the fourth quarter valued at $291,000. Teachers Advisors LLC boosted its position in LendingClub Corporation by 2.0% during the fourth quarter. Teachers Advisors LLC now owns 540,941 shares of the credit services provider’s stock valued at $2,840,000 after purchasing an additional 10,562 shares during the last quarter. Bank of Montreal Can boosted its position in LendingClub Corporation by 37,517.7% during the first quarter. Bank of Montreal Can now owns 263,700 shares of the credit services provider’s stock valued at $1,448,000 after purchasing an additional 262,999 shares during the last quarter. Fox Run Management L.L.C. boosted its position in LendingClub Corporation by 122.9% during the first quarter. Fox Run Management L.L.C. now owns 39,000 shares of the credit services provider’s stock valued at $214,000 after purchasing an additional 21,500 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in LendingClub Corporation by 1,097.9% during the first quarter. Nisa Investment Advisors LLC now owns 34,740 shares of the credit services provider’s stock valued at $191,000 after purchasing an additional 31,840 shares during the last quarter. 86.91% of the stock is owned by hedge funds and other institutional investors.

LendingClub Corporation Company Profile

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.

Insider Buying and Selling by Quarter for LendingClub Corporation (NYSE:LC)

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