Shares of LendingClub Corp. (NYSE:LC) fell 1.8% during trading on Tuesday . The company traded as low as $4.25 and last traded at $4.29, with a volume of 5,698,465 shares changing hands. The stock had previously closed at $4.37.

A number of brokerages have recently commented on LC. Royal Bank Of Canada began coverage on LendingClub Corp. in a report on Wednesday, March 16th. They issued an “outperform” rating and a $92.00 price target on the stock. Compass Point restated a “sell” rating and issued a $6.00 price target on shares of LendingClub Corp. in a report on Friday, April 1st. Zacks Investment Research lowered LendingClub Corp. from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Raymond James Financial Inc. began coverage on LendingClub Corp. in a report on Thursday, April 14th. They issued a “market perform” rating on the stock. Finally, Canaccord Genuity lowered LendingClub Corp. from a “buy” rating to a “hold” rating and cut their price target for the company from $16.00 to $8.00 in a report on Monday, May 9th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.21.

The stock has a market cap of $1.65 billion and a P/E ratio of 288.00. The company’s 50-day moving average is $4.56 and its 200-day moving average is $7.00.

LendingClub Corp. (NYSE:LC) last released its quarterly earnings data on Monday, May 9th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. The company had revenue of $151.30 million for the quarter, compared to the consensus estimate of $148.20 million. LendingClub Corp.’s revenue for the quarter was up 86.8% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS. On average, analysts expect that LendingClub Corp. will post $0.10 EPS for the current fiscal year.

In related news, COO Sameer Gulati sold 8,072 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $4.29, for a total value of $34,628.88. Following the transaction, the chief operating officer now owns 975,561 shares of the company’s stock, valued at approximately $4,185,156.69. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Tian Qiao Chen purchased 24,299,900 shares of the company’s stock in a transaction that occurred on Friday, June 17th. The stock was acquired at an average cost of $4.01 per share, for a total transaction of $97,442,599.00. The disclosure for this purchase can be found here.

A number of institutional investors have made changes to their positions in the stock. Trexquant Investment LP acquired a new position in shares of LendingClub Corp. during the fourth quarter valued at $1,081,000. California State Teachers Retirement System boosted its position in shares of LendingClub Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 123,661 shares of the company’s stock valued at $1,366,000 after buying an additional 2,138 shares during the last quarter. Stevens Capital Management LP purchased a new position in LendingClub Corp. during the fourth quarter valued at approximately $1,563,000. New York State Common Retirement Fund boosted its position in LendingClub Corp. by 10.9% in the fourth quarter. New York State Common Retirement Fund now owns 169,868 shares of the company’s stock valued at $1,877,000 after buying an additional 16,668 shares in the last quarter. Finally, Nationwide Fund Advisors purchased a new position in LendingClub Corp. during the fourth quarter valued at approximately $2,989,000.

LendingClub Corporation (Lending Club) provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that is only available on a limited basis to large institutional investors.

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