In a report released yesterday, Michael Perito from KBW maintained a Hold rating on LendingClub (LC – Research Report), with a price target of $10.00. The company’s shares closed yesterday at $7.52.
Perito covers the Financial sector, focusing on stocks such as Provident Financial Services, Bancorp, and SoFi Technologies. According to TipRanks, Perito has an average return of 11.6% and a 56.03% success rate on recommended stocks.
Currently, the analyst consensus on LendingClub is a Moderate Buy with an average price target of $10.38.
The company has a one-year high of $10.92 and a one-year low of $4.73. Currently, LendingClub has an average volume of 1.34M.
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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.
