Revenue Update on LendingClub Corp(NYSE:LC)

LendingClub Corp(NYSE:LC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $129.202M. Analysts estimated a revenue of $121.840M. The revenues were 6.04% above the estimates. Earnings per share were $-0.02. The reported EPS was above estimates by 33.33%. Analysts had estimated an EPS of $-0.03.

LendingClub Corp (LC) shares turned negative on Wednesdays trading session with the shares closing down -0.04 points or -0.70% at a volume of 40,84,865. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.739. The peak price level was also seen at $5.739 while the days lowest was $5.605. Finally the shares closed at $5.64. The 52-week high of the shares is $9.8 while the 52-week low is $3.44. According to the latest information available, the market cap of the company is $2,224 M.

Several Insider Transactions has been reported to the SEC. On Jan 30, 2017, Sameer Gulati (Chief Operations Officer) sold 6,921 shares at $6.07 per share price.Also, On Jan 20, 2017, John Macilwaine (Chief Technology Officer) sold 25,000 shares at $5.48 per share price.On Nov 30, 2016, Thomas W Casey (Chief Financial Officer) sold 5,283 shares at $5.84 per share price, according to the Form-4 filing with the securities and exchange commission.

LendingClub Corporation (Lending Club) is engaged in providing online marketplace for connecting borrowers and investors. The Company’s online marketplace connects borrowers. Lending Club’s marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Company’s standard program loans are a part of the standard loan program. The standard program loans are three- or five-year unsecured personal loans which are offered to borrowers. These loans can be invested in through the purchase of notes issued pursuant to a Note Registration Statement and are available through the Company’s Website. The custom program loans include small business loans super prime consumer loans education and patient finance loans and personal loans. The Company’s technology platform supports its marketplace and makes available loan products to investor channels.

Add Comment