Compass Point reiterated their sell rating on shares of Lending Club (NYSE:LC) in a report published on Saturday, MarketBeat.Com reports. They currently have a $9.00 price objective on the stock.

Several other research analysts have also recently commented on LC. Pacific Crest reissued a buy rating on shares of Lending Club in a research report on Sunday, January 24th. TheStreet assumed coverage on Lending Club in a research report on Wednesday, January 13th. They set a sell rating for the company. Canaccord Genuity increased their price target on Lending Club from $21.00 to $24.00 and gave the company a buy rating in a research report on Friday, October 30th. Vetr cut Lending Club from a strong-buy rating to a buy rating and set a $15.50 price target for the company. in a research report on Thursday, October 29th. Finally, Zacks Investment Research raised Lending Club from a sell rating to a hold rating in a research report on Wednesday. Four 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 company’s stock. The stock has an average rating of Hold and an average price target of $18.35.

In other Lending Club news, insider Scott Sanborn sold 35,000 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $14.41, for a total transaction of $504,350.00. Following the transaction, the insider now owns 666,544 shares in the company, valued at approximately $9,604,899.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Carrie Dolan sold 31,243 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $15.00, for a total value of $468,645.00. Following the transaction, the chief financial officer now owns 8,088 shares in the company, valued at approximately $121,320. The disclosure for this sale can be found here.

Other institutional investors recently bought and sold shares of the company. Nationwide Fund Advisors bought a new position in Lending Club during the fourth quarter worth approximately $2,989,000. DekaBank Deutsche Girozentrale bought a new position in Lending Club during the fourth quarter worth approximately $2,383,000. River & Mercantile Asset Management bought a new position in Lending Club during the fourth quarter worth approximately $1,672,000. Janus Capital Management raised its position in Lending Club by 38.2% in the third quarter. Janus Capital Management now owns 317,337 shares of the company’s stock worth $4,198,000 after buying an additional 87,743 shares during the period. Finally, Simplex Trading bought a new position in Lending Club during the fourth quarter worth approximately $403,000.

Shares of Lending Club (NYSE:LC) traded down 0.14% during mid-day trading on Friday, reaching $7.38. The company had a trading volume of 5,928,538 shares. The stock’s market capitalization is $2.79 billion. The firm’s 50 day moving average is $9.98 and its 200-day moving average is $12.73. Lending Club has a 12-month low of $6.68 and a 12-month high of $24.50.

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.

12 Month Chart for NYSE:LC

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