SeeThruEquity has issued a company update and maintained its price target of $10.50 on shares of IEG Holdings Corp. (OTCQB: IEGH). Among other highlights, the analyst notes the company’s recently reported financial results for the first quarter of 2017. The report showed a decrease in operating costs to $1.5 million and revenues of $0.47 million. The company reported that cumulative loan volume was $14.24 million at the end of the first quarter, which the analyst said is of importance as a driver of revenue and potential profitability. The company’s upcoming catalysts include growth, guidance for adjusted profitability this year, and continuing corporate finance initiatives.
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About IEGH Holdings Corporation
IEG Holdings Corporation (IEGH) provides online unsecured consumer loans under the brand name, “Mr. Amazing Loans,” via its website 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. IEG Holdings plans future expansion to 25 US states during 2017.
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