Stocks of LendingClub Corp (NYSE:LC) traded higher last session on Wall Street, down -0.97% to $14.28.
LC stock price is now -11.93% away from the 50-day moving average and 19.61% away from the 200-day moving average. The market capitalization of the company currently stands at $1.61B.
With the price target maintained at $17, JP Morgan recently Downgraded its rating from Overweight to Neutral for LendingClub Corp (NYSE: LC). On October 25, 2024, Maxim Group reiterated its ‘Buy’ rating on the stock by increasing its target price from $16 to quote $19, while ‘Keefe Bruyette’ rates the stock as ‘Outperform’
In other news, Sanborn Scott, CEO sold 17,000 shares of the company’s stock on Jan 02 ’25. The stock was sold for $274,032 at an average price of $16.12. Upon completion of the transaction, the CEO now directly owns 1,312,184 shares in the company, valued at $18.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05 ’24, CEO Sanborn Scott sold 17,000 shares of the business’s stock. A total of $269,217 was realized by selling the stock at an average price of $15.84. This leaves the insider owning 1,329,184 shares of the company worth $18.98 million. A total of 3.68% of the company’s stock is owned by insiders.
During the past 12 months, LendingClub Corp has had a low of $7.48 and a high of $18.75. The fifty day moving average price for LC is $16.2314 and a two-hundred day moving average price translates $11.90815 for the stock.
The latest earnings results from LendingClub Corp (NYSE: LC) was released for 2024-09-30. The net profit margin was 3.90% and return on equity was 3.96% for LC. The company reported revenue of $240.38 million for the quarter, compared to $207.41 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.89 percent.
