LendingClub Corp (LC) Receives a Buy from Maxim Group

By Jason Carr

In a report released today, Michael Diana from Maxim Group maintained a Buy rating on LendingClub Corp (LCResearch Report), with a price target of $22.50. The company’s shares opened today at $16.10.

According to TipRanks.com, Diana is a 5-star analyst with an average return of 6.9% and a 59.4% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.

LendingClub Corp has an analyst consensus of Strong Buy, with a price target consensus of $8.85.

See today’s analyst top recommended stocks >>

Based on LendingClub Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $19.94 million. In comparison, last year the company had a GAAP net loss of $60.86 million.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock.

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 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 in 2006 and is headquartered in San Francisco, CA.