BTIG Research Forecasts Strong Price Appreciation for Lendingclub (NASDAQ:HAPN) Stock

Lendingclub (NASDAQ:HAPN) had its price target upped by stock analysts at BTIG Research from $20.00 to $25.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price target would indicate a potential upside of 22.19% from the stock’s current price.

Separately, Weiss Ratings started coverage on shares of Lendingclub in a research note on Thursday. They issued a “hold (c+)” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Lendingclub presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Lendingclub Trading Up 1.8%

Shares of HAPN opened at $20.46 on Tuesday. Lendingclub has a 52-week low of $11.75 and a 52-week high of $21.67. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 13.49 and a beta of 1.98.

Insider Buying and Selling

In related news, CEO Scott Sanborn sold 28,750 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $19.17, for a total value of $551,137.50. Following the completion of the sale, the chief executive officer directly owned 1,561,063 shares of the company’s stock, valued at $29,925,577.71. The trade was a 1.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.31% of the stock is owned by insiders.

Lendingclub Company Profile

I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.