Compass Point analyst Giuliano Bologna reiterated a Buy rating on LendingClub (LC – Research Report) today and set a price target of $13.00. The company’s shares closed yesterday at $8.66.
Bologna covers the Financial sector, focusing on stocks such as SoFi Technologies, SLM, and LendingClub. According to TipRanks, Bologna has an average return of 5.7% and a 54.78% success rate on recommended stocks.
LendingClub has an analyst consensus of Strong Buy, with a price target consensus of $9.92, representing a 14.55% upside. In a report released on December 18, J.P. Morgan also maintained a Buy rating on the stock with a $10.00 price target.
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LC market cap is currently $949.6M and has a P/E ratio of 17.67.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
LendingClub (LC) Company Description:
LendingClub Corp. engages in the operation of an online credit marketplace for borrowers and investors. It offers personal, business, auto refinance, K-12 education loans and patient solutions. The company was founded by Renaud Laplanche and Soulaiman Htite on October 2, 2006 and is headquartered in San Francisco, CA.
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