Out Fox The $treet

LendingClub reported mixed Q2 results. The online lending platform made progress in reengaging investors that left after the founding CEO was forced out. The stock remains appealing below $5 as the platform rebuilds. For  LendingClub  (NYSE: LC ), the best hope on for  Q2 results  were some sort of stability that the company could build on going forward. The departure of the founding-CEO left the online lending marketplace on shaky ground. Read the full article at Seeking Alpha.  Disclosure: Long LC. Please review the disclaimer page for more details. 

The initial lockup expiration of 150 million shares occurred on June 9. A larger lockup expirations occurs in August. Lending Club doesn't offer the valuation metrics needed for a stock facing the potential unloading of shares by venture funds. One of the most annoying events in the stock market is the lockup expiration that occurs usually six months after an IPO. This is the point at which most insiders, including large venture capital investors, are able to dump shares acquired before the company went public. The annoying part of the event is that it usually pressures the stock down despite full knowledge of all market participants of the event occurring months in advance. Read the full article on Seeking Alpha. Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

Summary Lending Club has reported strong Q1'15 earnings. Despite raised guidance, the stock trades at valuations that are still stretched. Investors should continue looking for a better entry point.    As expected, Lending Club (NYSE: LC ) produced enormous growth in Q1 that exceeded analyst expectations. Even after this growth, the issue still remains that the stock is restricted from heading higher due to the rich valuation that now sits close to $7 billion.  Read the full article on Seeking Alpha.  Disclosure: No positions mentioned. Please read the disclaimers page for more details.