NYSE:LC

LendingClub (LC) Stock Price, News & Analysis

$9.01
-0.22 (-2.38%)
(As of 05/10/2024 ET)
Today's Range
$8.91
$9.24
50-Day Range
$7.52
$9.35
52-Week Range
$4.73
$10.92
Volume
3.75 million shs
Average Volume
1.63 million shs
Market Capitalization
$1.00 billion
P/E Ratio
26.50
Dividend Yield
N/A
Price Target
$11.42

LendingClub MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
26.7% Upside
$11.42 Price Target
Short Interest
Healthy
1.84% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.07
Upright™ Environmental Score
News Sentiment
0.00mentions of LendingClub in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
122.22%
From $0.27 to $0.60 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.86 out of 5 stars

Finance Sector

18th out of 881 stocks

Personal Credit Institutions Industry

2nd out of 14 stocks

LC stock logo

About LendingClub Stock (NYSE:LC)

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans. In addition, it operates an online lending marketplace platform. The company was incorporated in 2006 and is headquartered in San Francisco, California.

LC Stock Price History

LC Stock News Headlines

Shocking $16T Elon Musk Crypto Leak
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Brokerages Set LendingClub Co. (NYSE:LC) PT at $11.30
Shocking $16T Elon Musk Crypto Leak
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
LendingClub (NYSE:LC) Stock Rating Reaffirmed by Wedbush
LendingClub: Back To Growth Mode
LendingClub (NYSE:LC) Shares Gap Up on Strong Earnings
Why LendingClub Stock Popped Today
Q1 2024 LendingClub Corp Earnings Call
LC Stock Earnings: LendingClub Beats EPS, Beats Revenue for Q1 2024
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Today
5/11/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Personal credit institutions
Sub-Industry
N/A
Fax
N/A
Employees
1,025
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$11.42
High Stock Price Target
$13.50
Low Stock Price Target
$10.00
Potential Upside/Downside
+26.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$38.94 million
Pretax Margin
6.67%

Debt

Sales & Book Value

Annual Sales
$864.62 million
Cash Flow
$0.77 per share
Book Value
$11.40 per share

Miscellaneous

Free Float
108,009,000
Market Cap
$1.00 billion
Optionable
Optionable
Beta
2.00

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Key Executives


LC Stock Analysis - Frequently Asked Questions

Should I buy or sell LendingClub stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LC shares.
View LC analyst ratings
or view top-rated stocks.

What is LendingClub's stock price target for 2024?

5 brokerages have issued twelve-month target prices for LendingClub's shares. Their LC share price targets range from $10.00 to $13.50. On average, they anticipate the company's stock price to reach $11.42 in the next year. This suggests a possible upside of 26.7% from the stock's current price.
View analysts price targets for LC
or view top-rated stocks among Wall Street analysts.

How have LC shares performed in 2024?

LendingClub's stock was trading at $8.74 on January 1st, 2024. Since then, LC stock has increased by 3.1% and is now trading at $9.01.
View the best growth stocks for 2024 here
.

Are investors shorting LendingClub?

LendingClub saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,050,000 shares, a drop of 8.1% from the April 15th total of 2,230,000 shares. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is currently 1.6 days.
View LendingClub's Short Interest
.

When is LendingClub's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our LC earnings forecast
.

How were LendingClub's earnings last quarter?

LendingClub Co. (NYSE:LC) released its earnings results on Tuesday, April, 30th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.08. The credit services provider had revenue of $180.69 million for the quarter, compared to analyst estimates of $174.52 million. LendingClub had a net margin of 4.69% and a trailing twelve-month return on equity of 3.04%. During the same period in the prior year, the firm posted $0.13 EPS.

What ETFs hold LendingClub's stock?

ETFs with the largest weight of LendingClub (NYSE:LC) stock in their portfolio include SPDR S&P Kensho New Economies Composite ETF (KOMP) and iShares US Small Cap Value Factor ETF (SVAL).Global X FinTech Thematic ETF (FINX).

When did LendingClub's stock split?

LendingClub's stock reverse split on Monday, July 8th 2019. The 1-5 reverse split was announced on Friday, June 28th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Friday, July 5th 2019. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

What is Scott Sanborn's approval rating as LendingClub's CEO?

269 employees have rated LendingClub Chief Executive Officer Scott Sanborn on Glassdoor.com. Scott Sanborn has an approval rating of 64% among the company's employees.

What other stocks do shareholders of LendingClub own?

Based on aggregate information from My MarketBeat watchlists, some companies that other LendingClub investors own include Bank of America (BAC), NVIDIA (NVDA), Twitter (TWTR), Alibaba Group (BABA), General Electric (GE), Micron Technology (MU), Novavax (NVAX), AT&T (T), Tesla (TSLA) and Advanced Micro Devices (AMD).

When did LendingClub IPO?

LendingClub (LC) raised $635 million in an IPO on Thursday, December 11th 2014. The company issued 57,700,000 shares at a price of $10.00-$12.00 per share. Morgan Stanley, Goldman Sachs, Credit Suisse and Citigroup acted as the underwriters for the IPO and Allen & Company, Stifel, BMO Capital Markets, William Blair and Wells Fargo Securities were co-managers.

Who are LendingClub's major shareholders?

LendingClub's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.30%), Jackson Square Partners LLC (6.23%), Sei Investments Co. (1.33%), Acadian Asset Management LLC (0.29%), Empowered Funds LLC (0.28%) and Russell Investments Group Ltd. (0.22%). Insiders that own company stock include Allan R Landon, Andrew Labenne, Annie Armstrong, Bahman Koohestani, Fergal Stack, John C Morris, Michael P Zeisser, Michael P Zeisser, Ronnie Momen, Stephen M Cutler, Susan C Athey, Thomas W Casey and Valerie Kay.
View institutional ownership trends
.

How do I buy shares of LendingClub?

Shares of LC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does LendingClub have any subsidiaries?
The following companies are subsidiares of LendingClub: Radius Bank, and Springstone.
Read More
This page (NYSE:LC) was last updated on 5/12/2024 by MarketBeat.com Staff

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