LendingClub Corporation (NYSE:LC) traded at a new 52-week high today of $26.49. Approximately 1.1 million shares have changed hands today, as compared to an average 30-day volume of 3 million shares.
There is potential upside of 149.8% for shares of LendingClub Corporation based on a current price of $25.58 and an average consensus analyst price target of $63.91.
LendingClub Corp is a company engaged in operating an online lending marketplace platform that connects borrowers and investors for the provision of the loan facility. It offers investors access to an asset class that has generally been closed to many investors and only available on a limited basis to institutional investors. The company through the platform offer loan products such as personal, education and patient finance, small business and auto to interested investors. It generates a majority of the revenue from the transaction fees received from the platform's role in accepting and decisioning applications on behalf of the bank partners to enable loan originations.
Over the past year, LendingClub Corporation has traded in a range of $4.32 to $26.49 and is now at $25.58, 492% above that low.
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