NEW YORK (TheStreet) -- LendingClub Corp. (LC) - Get Report  shares are tumbling 3.55% to $8.16 in pre-market trading session on Thursday as Sterne Agee CRT this morning downgraded the company to "neutral" from "buy" and reduced its price target to $8 from $10. 

Given a lower expected long-term origination growth rate, the firm lowered its first quarter 2016 earnings estimates to 4 cents a share, down from 30 cents a share.

Earlier this month, the company, which which operates an online marketplace that connects borrowers and investors, earned 5 cents a share for fourth quarter 2015, beating expectations of 4 cents a share.

Revenue came in at $135.52 million topping forecasts of $130.6 million. 

Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D-. 

The company's weaknesses can be seen in multiple areas, such as its poor profit margins and generally disappointing historical performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: LC

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