12Jan

LendingClub Downgraded On Risk Management, Stock Tanks

LendingClub has been pumped up and expectations are the stock price is getting ahead of reality, indicates a new analyst call.

Such is the general message behind a Sterne Agee downgrade of LendingClub. The firm announced today it was initiating a underperform rating with a $17.75 price target. In early morning trade LendingClub is trading at $21.37, down nearly 7 percent on the day.


Lending Club's risk management
A key . . .

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Author

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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