LendingClub (LC) Receives a Hold from Maxim Group


In a report released yesterday, Michael Diana from Maxim Group maintained a Hold rating on LendingClub (LC). The company’s shares closed last Wednesday at $5.50, close to its 52-week low of $4.32.

According to TipRanks.com, Diana ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -4.6% and a 47.5% success rate. Diana covers the Financial sector, focusing on stocks such as First Eagle Alternative Capital BDC, First Savings Financial Group, and Arlington Asset Investment.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for LendingClub with a $8.25 average price target, implying a 55.7% upside from current levels. In a report released yesterday, Credit Suisse also maintained a Hold rating on the stock with a $12.00 price target.

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The company has a one-year high of $15.60 and a one-year low of $4.32. Currently, LendingClub has an average volume of 1.35M.

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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.

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