SeeThruEquity recently issued an update and a price target of $10.50 on shares of IEG Holdings (OTCQX: IEGH). The company reported record revenues of $2.1 million for the full year 2016, a year-over-year increase of 16.3% driven by strong loan volume growth. The SeeThruEquity analyst cited the key factors driving loan growth, including low acquisition costs and continued expansion of state licenses. IEG has outlined a target of expanding to 25 states and covering 75% of the population in 2017.
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About IEG Holdings Corporation
IEG Holdings Corporation provides online unsecured consumer loans under the brand name, “Mr. Amazing Loans,” via its website, www.mramazingloans.com, in 19 US states. IEG Holdings offers $5,000 and $10,000 loans over a term of five years at a 19.9% to 29.9% APR. The company plans future expansion to 25 US states in 2017.
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