Stifel Upgrades Lending Club (LC) to Buy

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Go back to Stifel Upgrades Lending Club (LC) to Buy

LendingClub (LC) Declines Ahead of Lockup Expiration

June 8, 2015 3:46 PM EDT

LendingClub (NYSE: LC) shares slipped ahead of IPO lockup expiration on Tuesday, June 9. The lockup will allow pre-IPO holders to sell 150 million shares, greatly increasing the float. A second lockup equal to 182 million shares expires in August, noted DRD Investment's Don Dion in a recent blog post.

... More

Pacific Crest Upgrades Lending Club (LC) to Overweight

June 8, 2015 6:39 AM EDT

Pacific Crest upgraded Lending Club (NYSE: LC) from Sector Weight to Overweight with a price target of $23. Analyst Josh Beck said conversations with advertising executives point to stable pricing trends.

"After speaking with advertising executives, we believe trends should be stable despite fears of... More