Shares of Lendingclub Corp (NASDAQ:HAPN – Get Free Report) dropped 4.4% during mid-day trading on Thursday . The company traded as low as $17.93 and last traded at $17.98. 1,294,812 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 2,091,291 shares. The stock had previously closed at $18.81.
Analyst Ratings Changes
A number of equities analysts recently commented on HAPN shares. BTIG Research lifted their price target on Lendingclub from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Weiss Ratings assumed coverage on Lendingclub in a research note on Thursday, June 25th. They issued a “hold (c+)” rating on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.
Read Our Latest Research Report on HAPN
Lendingclub Trading Up 0.4%
Insider Activity
In related news, General Counsel Jordan Cheng sold 5,500 shares of Lendingclub stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $20.85, for a total value of $114,675.00. Following the completion of the transaction, the general counsel directly owned 102,574 shares in the company, valued at approximately $2,138,667.90. The trade was a 5.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Fergal Stack sold 50,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $21.01, for a total transaction of $1,050,500.00. Following the sale, the senior vice president directly owned 154,977 shares in the company, valued at $3,256,066.77. The trade was a 24.39% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 109,250 shares of company stock valued at $2,241,312 over the last quarter. Company insiders own 3.31% of the company’s stock.
Lendingclub Company Profile
I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.
Featured Articles
- Five stocks we like better than Lendingclub
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
- AMD and Cerbras Create A New Blueprint For Hardware
Receive News & Ratings for Lendingclub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lendingclub and related companies with MarketBeat.com's FREE daily email newsletter.
