201,100 Shares in LendingClub Co. (NYSE:LC) Bought by G2 Investment Partners Management LLC

G2 Investment Partners Management LLC bought a new stake in shares of LendingClub Co. (NYSE:LC) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 201,100 shares of the credit services provider’s stock, valued at approximately $1,758,000.

Several other institutional investors also recently bought and sold shares of the stock. Miracle Mile Advisors LLC lifted its stake in shares of LendingClub by 9.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 24,134 shares of the credit services provider’s stock worth $211,000 after buying an additional 2,000 shares during the last quarter. Swiss National Bank lifted its position in LendingClub by 1.8% during the 3rd quarter. Swiss National Bank now owns 236,260 shares of the credit services provider’s stock worth $1,441,000 after acquiring an additional 4,200 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in LendingClub by 39.4% during the third quarter. Principal Financial Group Inc. now owns 15,761 shares of the credit services provider’s stock valued at $96,000 after acquiring an additional 4,455 shares during the period. Nisa Investment Advisors LLC grew its position in shares of LendingClub by 363.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,999 shares of the credit services provider’s stock valued at $61,000 after purchasing an additional 5,489 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of LendingClub by 2.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 221,735 shares of the credit services provider’s stock worth $1,938,000 after purchasing an additional 6,009 shares during the period. 74.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on LC. BTIG Research began coverage on LendingClub in a research note on Friday, June 7th. They set a “buy” rating and a $12.00 target price for the company. Piper Sandler reissued an “overweight” rating and issued a $10.00 price objective (up from $9.50) on shares of LendingClub in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods boosted their target price on shares of LendingClub from $9.50 to $10.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st. Wedbush reissued an “outperform” rating and issued a $11.00 price target on shares of LendingClub in a report on Wednesday, May 1st. Finally, StockNews.com downgraded shares of LendingClub from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.50.

LendingClub Trading Down 1.5 %

LC stock traded down $0.13 during midday trading on Thursday, hitting $8.53. The stock had a trading volume of 1,302,143 shares, compared to its average volume of 1,409,559. LendingClub Co. has a 52 week low of $4.73 and a 52 week high of $10.92. The stock has a 50-day simple moving average of $8.62 and a 200 day simple moving average of $8.34. The firm has a market capitalization of $947.85 million, a price-to-earnings ratio of 25.47 and a beta of 2.07.

LendingClub (NYSE:LC) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. The company had revenue of $180.69 million during the quarter, compared to the consensus estimate of $174.52 million. LendingClub had a net margin of 4.69% and a return on equity of 3.04%. During the same period last year, the firm earned $0.13 EPS. On average, equities analysts forecast that LendingClub Co. will post 0.27 EPS for the current year.

Insiders Place Their Bets

In related news, Director Erin Selleck sold 4,083 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $8.88, for a total value of $36,257.04. Following the sale, the director now owns 54,571 shares of the company’s stock, valued at approximately $484,590.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.31% of the company’s stock.

LendingClub Company Profile

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.