NetworkNewsBreaks – SeeThruEquity Updates Coverage, $10.50 PT on IEG Holdings Corp. (IEGH)

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.

For more information, visit www.investmentevolution.com

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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