LendingClub Corporation Company Profile (NYSE:LC)

LendingClub Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "LC."

LendingClub Corporation (NYSE:LC) announced its earnings results on Monday, August, 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of ($0.06). The business had revenue of $139.60 million for the quarter, compared to analyst estimates of $134.02 million. LendingClub Corporation had a negative return on equity of 11.97% and a negative net margin of 24.52%. LendingClub Corporation's revenue for the quarter was up 35.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) EPS. View LendingClub Corporation's Earnings History.

LendingClub Corporation is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for LendingClub Corporation.

16 equities research analysts have issued 12 month target prices for LendingClub Corporation's stock. Their predictions range from $5.00 to $9.00. On average, they anticipate LendingClub Corporation's share price to reach $6.82 in the next twelve months. View Analyst Ratings for LendingClub Corporation.

Here are some recent quotes from research analysts about LendingClub Corporation stock:

• 1. According to Zacks Investment Research, "LendingClub Corporation provides internet financial services. The Company offers online marketplace for loan approval, pricing, servicing and support operations as well as regulatory and legal framework which connects borrowers and investors. LendingClub Corporation is headquartered in San Francisco, California. " (8/18/2017)
• 2. Wedbush analysts commented, "While we will be surprised if LC produces the sort of revenue and origination growth assumed by more bullish proponents of the stock, management has made a very good case in their recent meetings with us and other investors that they have a plan for enhancing the breadth of the marketplace and growing volumes. Reflecting this, we are stepping forward with a 2019 estimate and refocusing our price target methodology on simply 2019E adjusted EBITDA. Based on this, we are increasing our price target from $4.50 to $5.00 and upgrading our rating from UNDERPERFORM to NEUTRAL." (3/22/2017)

LendingClub Corporation saw a drop in short interest in the month of August. As of August 31st, there was short interest totalling 35,975,160 shares, a drop of 9.4% from the August 15th total of 39,717,344 shares. Based on an average daily trading volume, of 5,525,429 shares, the short-interest ratio is currently 6.5 days. Approximately 10.2% of the company's stock are short sold.

Some companies that are related to LendingClub Corporation include Navient Corporation (NAVI), OneMain Holdings (OMF), LendingTree (TREE), FirstCash (FCFS), TPG RE Finance Trust (TRTX), Provident Financial plc (PFG), World Acceptance Corporation (WRLD), PHH Corp (PHH), EZCORP (EZPW), International Personal Finance Plc (IPF), Regional Management Corp. (RM), Non-Standard Finance PLC (NSF), S & U PLC (SUS), Morses Club PLC (MCL), Fairpoint Group Plc (FRP), Cash America International (CSH), Navient Corp (NAVIV) and Stonegate Mortgage Corp (SGM).

LendingClub Corporation's management team includes the folowing people:

• John C. Morris, Independent Chairman of the Board
• Steve Allocca, President
• Scott C. Sanborn, Chief Executive Officer, Director
• Thomas W. Casey, Chief Financial Officer
• Sameer Gulati, Chief Operations Officer
• Fergal Stack, Principal Accounting Officer, Corporate Controller
• Timothy Bogan, Chief Risk Officer
• Russell S. Elmer, General Counsel
• Sandeep Bhandari, Chief Credit Officer
• Patrick J. Dunne, Chief Capital Officer

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

LendingClub Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.03%), Foundation Capital LLC (5.41%), BlackRock Inc. (5.28%), Norwest Venture Partners X L P (3.17%), Fred Alger Management Inc. (3.00%) and EastBay Asset Management LLC (2.72%). Company insiders that own LendingClub Corporation stock include Bradley Coleman, Carrie Dolan, Chaomei Chen, Daniel T Ciporin, John C Morris, John J Mack, John Macilwaine, Lawrence Henry Summers, Renaud Laplanche, Russell S Elmer, Sameer Gulati, Sandeep Bhandari, Scott Sanborn, Simon Williams, Steven Allocca, Thomas W Casey, Tian Qiao Chen, Timothy Bogan and Vii Lp Canaan. View Institutional Ownership Trends for LendingClub Corporation.

LendingClub Corporation's stock was sold by a variety of institutional investors in the last quarter, including VY Capital Management Co. Ltd., EastBay Asset Management LLC, Calixto Global Investors LP, Macquarie Group Ltd., BNP Paribas Arbitrage SA, BlackRock Inc., Crosslink Capital Inc. and TIAA CREF Investment Management LLC. Company insiders that have sold LendingClub Corporation stock in the last year include Bradley Coleman, John Macilwaine, Russell S Elmer, Sameer Gulati, Sandeep Bhandari, Scott Sanborn, Simon Williams, Steven Allocca, Thomas W Casey, Timothy Bogan and Vii Lp Canaan. View Insider Buying and Selling for LendingClub Corporation.

LendingClub Corporation's stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., PDT Partners LLC, Jackson Square Partners LLC, Balyasny Asset Management LLC, Vanguard Group Inc. and Dimensional Fund Advisors LP. Company insiders that have bought LendingClub Corporation stock in the last two years include Daniel T Ciporin, John C Morris, John J Mack, Renaud Laplanche and Tian Qiao Chen. View Insider Buying and Selling for LendingClub Corporation.

Shares of LendingClub Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of LendingClub Corporation stock can currently be purchased for approximately $6.06.