LendingClub (LC) Gets a Hold Rating from Maxim Group

Maxim Group analyst Michael Diana assigned a Hold rating to LendingClub (LCResearch Report) yesterday. The company’s shares closed last Thursday at $5.56, close to its 52-week low of $4.32.

According to TipRanks.com, Diana is ranked 0 out of 5 stars with an average return of -5.4% and a 46.0% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Arlington Asset Investment, and Westamerica Bancorporation.

Currently, the analyst consensus on LendingClub is a Moderate Buy with an average price target of $9.40.

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Based on LendingClub’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $99.21 million and GAAP net loss of $48.09 million. In comparison, last year the company earned revenue of $146 million and had a GAAP net loss of $19.94 million.

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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.