Zacks Investment Research upgraded shares of Lending Club (NYSE:LC) from a sell rating to a hold rating in a research report report published on Wednesday morning, Analyst Ratings Network.com reports.

According to Zacks, “LendingClub Corporation provides internet financial services. The Company offers online marketplace for loan approval, pricing, servicing and support operations as well as regulatory and legal framework which connects borrowers and investors. LendingClub Corporation is headquartered in San Francisco, California. “

Lending Club (NYSE:LC) traded down 4.1829% during mid-day trading on Wednesday, hitting $7.3875. The stock had a trading volume of 2,658,162 shares. Lending Club has a 12 month low of $6.68 and a 12 month high of $24.50. The firm’s 50-day moving average is $10.39 and its 200 day moving average is $12.81. The company’s market cap is $2.79 billion.

A number of other research analysts have also weighed in on LC. Compass Point restated a sell rating and issued a $12.00 target price on shares of Lending Club in a report on Wednesday, September 30th. Guggenheim initiated coverage on Lending Club in a report on Tuesday, October 6th. They issued a buy rating and a $15.00 target price on the stock. Morgan Stanley restated a buy rating on shares of Lending Club in a report on Thursday, October 8th. Canaccord Genuity dropped their target price on Lending Club from $24.00 to $21.00 in a report on Thursday, October 15th. Finally, BTIG Research restated a buy rating and issued a $31.00 target price on shares of Lending Club in a report on Thursday, October 22nd. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $18.35.

In other news, insider Scott Sanborn sold 70,000 shares of Lending Club stock in a transaction on Wednesday, January 6th. The stock was sold at an average price of $10.30, for a total value of $721,000.00. Following the completion of the transaction, the insider now directly owns 667,165 shares in the company, valued at $6,871,799.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO John Macilwaine sold 25,000 shares of Lending Club stock in a transaction on Thursday, January 14th. The shares were sold at an average price of $9.11, for a total value of $227,750.00. Following the completion of the transaction, the chief technology officer now owns 14,106 shares of the company’s stock, valued at $128,505.66. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in LC. Creative Planning bought a new position in shares of Lending Club during the fourth quarter valued at $0. Simplex Trading acquired a new stake in Lending Club during the fourth quarter valued at about $403,000. Diversified Trust Co raised its stake in Lending Club by 4.1% in the fourth quarter. Diversified Trust Co now owns 53,600 shares of the company’s stock valued at $592,000 after buying an additional 2,100 shares in the last quarter. River & Mercantile Asset Management acquired a new stake in Lending Club during the fourth quarter valued at about $1,672,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Lending Club during the fourth quarter valued at about $2,383,000.

LendingClub Corporation (NYSE:LC) is engaged in providing online marketplace for connecting borrowers and investors. The Company’s online marketplace connects borrowers. Lending Club’s marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Company’s standard program loans are a part of the standard loan program. The standard program loans are three- or five-year unsecured personal loans which are offered to borrowers. These loans can be invested in through the purchase of notes issued pursuant to a Note Registration Statement, and are available through the Company’s Website. The custom program loans include small business loans, super prime consumer loans, education and patient finance loans and personal loans. The Company’s technology platform supports its marketplace and makes available loan products to investor channels.

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