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Wedbush Sticks to Its Buy Rating for LendingClub (LC)

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Wedbush analyst David Chiaverini maintained a Buy rating on LendingClub (LCResearch Report) today and set a price target of $26.00. The company’s shares closed last Wednesday at $13.75, close to its 52-week low of $11.97.

According to TipRanks.com, Chiaverini is a 4-star analyst with an average return of 10.7% and a 45.4% success rate. Chiaverini covers the Financial sector, focusing on stocks such as Pacific Premier Bancorp, Valley National Bancorp, and Cathay General Bancorp.

LendingClub has an analyst consensus of Moderate Buy, with a price target consensus of $26.00.

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LendingClub’s market cap is currently $1.41B and has a P/E ratio of 111.52.

Based on the recent corporate insider activity of 75 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 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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