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LC

LendingClub

06:25
10/05/16
10/05
06:25
10/05/16
06:25

LendingClub inquiry focuses on $150M share buyback, Bloomberg reports

The SEC is investigating whether the founder of LendingClub advocated for the company to prop up its shares without telling the board about a possible conflict of interest, Bloomberg reports, citing people with knowledge of the matter. As part of a broad investigation into LendingClub, the U.S. SEC is reviewing Renaud Laplanche's role in a $150M share buyback plan approved in February, said the people. Reference Link

LC LendingClub

06/28/16
CHLM
06/28/16
NO CHANGE
Target $7
CHLM
Hold
LendingClub taking steps in right direction, says Craig-Hallum
Craig-Hallum analyst Bradley Berning typified the new developments disclosed by LendingClub today, including the naming of Scott Sanborn as CEO, the identification of more valuation accounting errors, the taking of one-time charges and the cutting of staff, as a "cleaning out the closet" that are a net positive and evidence of the company heading in the right direction. However, the firm keeps a Hold rating and $7 price target on the shares pending the completion of the DOJ investigation.
07/25/16
ADAM
07/25/16
NO CHANGE
ADAM
Online lending stocks should continue to see headwinds in Q2, says Canaccord
Canaccord believes the online lending stocks are likely to face headwinds through Q2 earnings as investors continue to be concerned about credit risk, investors demand for loans, regulatory action, and layoffs. The firm believes the companies' models hold promise and the public companies should benefit from the tougher capital raising environment for private players. Canaccord maintains its Hold rating on both Lending club (LC) and On Deck Capital (ONDK).
08/03/16
OPCO
08/03/16
INITIATION
OPCO
Perform
LendingClub initiated with a Perform at Oppenheimer
Oppenheimer analyst Jed Kelly initiated LendingClub with a Perform rating saying he would to wait for better visibility around loan buyer demand before getting constructive on shares.
08/04/16
08/04/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. LendingClub (LC) initiated with a Perform at Oppenheimer. 2. uniQure (QURE) assumed with a Buy at H.C. Wainwright. 3. Sunworks (SUNW) initiated with a Buy at Chardan. 4. CSX ( CSX), Canadian Pacific (CP), Norfolk Southern (NSC), and Union Pacific (UNP) initiated with a Hold, and Kansas City Southern (KSU) initiated with a Buy at Loop Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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  • 12

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ANET

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  • 12

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TKTDY

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DV

DeVry

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  • 09

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CSOD

Cornerstone OnDemand

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CVM

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XOM

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FUL

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BIIB

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SNY

Sanofi

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CSOD

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TACO

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UNVR

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PARN

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BSX

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RTN

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CX

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PDEX

PRO-DEX

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PFBX

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QUIK

QuickLogic

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STRZA

Starz

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BEL

Belmond

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PARN

Parnell

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

, SHAK

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MS

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  • 09

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