Shares of LendingClub Corp. (NYSE:LC) fell 1.5% during trading on Tuesday . The company traded as low as $5.15 and last traded at $5.31, with a volume of 5,371,208 shares changing hands. The stock had previously closed at $5.39.

A number of research firms have commented on LC. Zacks Investment Research lowered shares of LendingClub Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th. Morgan Stanley reiterated a “hold” rating on shares of LendingClub Corp. in a report on Wednesday, June 8th. Guggenheim downgraded LendingClub Corp. from a “buy” rating to a “neutral” rating in a report on Monday, May 9th. Pacific Crest reiterated a “hold” rating on shares of LendingClub Corp. in a report on Tuesday, August 9th. Finally, Vetr downgraded LendingClub Corp. from a “strong-buy” rating to a “buy” rating and set a $5.11 target price on the stock. in a report on Monday, July 18th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $13.04.

The firm’s market capitalization is $2.05 billion. The firm’s 50 day moving average is $4.76 and its 200-day moving average is $6.20.

LendingClub Corp. (NYSE:LC) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.07. The firm earned $102.40 million during the quarter, compared to analyst estimates of $110.65 million. During the same quarter in the previous year, the business earned $0.03 EPS. LendingClub Corp.’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that LendingClub Corp. will post ($0.15) EPS for the current fiscal year.

In related news, COO Sameer Gulati sold 5,489 shares of LendingClub Corp. stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $4.60, for a total value of $25,249.40. Following the sale, the chief operating officer now owns 970,623 shares of the company’s stock, valued at approximately $4,464,865.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Tian Qiao Chen bought 24,299,900 shares of the company’s stock in a transaction that occurred on Friday, June 17th. The stock was purchased 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.

An institutional investor recently raised its position in LendingClub Corp. stock. Jennison Associates LLC boosted its position in shares of LendingClub Corp. (NYSE:LC) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 814,371 shares of the company’s stock after buying an additional 30,040 shares during the period. Jennison Associates LLC owned 0.22% of LendingClub Corp. worth $8,999,000 as of its most recent filing with the SEC.

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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