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LC

LendingClub

$11.90

-0.55 (-4.42%)

04:55
10/03/19
10/03
04:55
10/03/19
04:55

LendingClub management to meet with Oppenheimer

Meetings to be held in Denver, CO on October 2 and in Los Angeles, CA on October 3 hosted by Oppenheimer.

  • 03

    Oct

LC LendingClub
$11.90

-0.55 (-4.42%)

05/08/19
WEDB
05/08/19
UPGRADE
Target $5
WEDB
Outperform
LendingClub upgraded to Outperform at Wedbush following quarterly results
Wedbush analyst Henry Coffey upgraded LendingClub to Outperform from Neutral and raised his price target on the shares to $5 from $3.75. Reflecting "significant" gains across all fronts over the last 3 years, the company now operates with a more complex, more diversified source of loan buying/funding, a tighter focus around its primary credit niche, and a focus on operating efficiency that has it within eye sight of generating an adjusted EBITDA margin of 20% by the end of 2019, he contends. The analyst thinks adjusted EBTIDA margins will continue to grow and that the business will succeed at growing revenue at 12%-15% for a sustainable period per year.
05/08/19
05/08/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Mosaic (MOS) upgraded to Overweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas stating that following the stock's underperformance on a one, three, five, and ten year period, Mosaic shares now offer a favorable risk/reward balance. 2. Qorvo (QRVO) upgraded to Buy from hold at Canaccord with analyst T. Michael Walkley saying he expects Qorvo to remain focused on developing integrated solutions to drive dollar content growth to grow faster than the slow growing smartphone market and anticipates improving growth trends as 5G ramps in F2021. 3. LendingClub (LC) upgraded to Outperform from Neutral at Wedbush with analyst Henry Coffey sayinh the company now operates with a more complex, more diversified source of loan buying/funding, a tighter focus around its primary credit niche, and a focus on operating efficiency that has it within eyesight of generating an adjusted EBITDA margin of 20% by the end of 2019. 4. US Foods (USFD) upgraded to Buy from Neutral at Buckingham with analyst Bob Summers continuing to have a "very favorable" sector view as he believes that food away from home trends will continue and the industry fragmentation favors large, well-capitalized operators. 5. Office Properties (OPI) upgraded to Hold from Underperform at Jefferies with analyst Jonathan Petersen noting the market now well understands the earnings dilution from the FPO acquisition. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/09/19
LTCO
07/09/19
INITIATION
LTCO
Neutral
RiverNorth Marketplace Lending initiated with a Neutral at Ladenburg
Ladenburg analyst Christopher Nolan initiated RiverNorth Marketplace Lending (RSF) with a Neutral rating, citing his view that the purchasing of consumer loans originated by the likes of platforms such as LendingClub (LC) and Prosper is a risky business, particularly in a slowing economy. RiverNorth's NAV/share has declined 14% since the fund's founding, during a time when the economy was not slowing, noted Nolan.
10/01/19
BTIG
10/01/19
NO CHANGE
Target $30
BTIG
Buy
LendingClub valuation does not reflect its EBITDA growth prospects, says BTIG
BTIG analyst Mark Palmer keeps his Buy rating and $30 price target on LendingClub after hosting its management in a non-deal roadshow. The analyst notes that the presentation included the company's plans for margin expansion, cost cutting efforts, and the ability to withstand an economic downturn. Palmer also contends that given LendingClub's strong loan origination and revenue growth with expanding margin justify a better valuation that its current 1.35-times enterprise value to expected FY20 revenue.

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  • 07

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