LendingClub Corporation operates an online marketplace platform that connects borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient finance loans, auto refinance loans, and unsecured small business loans. The company also provides an opportunity to the investors to invest in a range of loans based on term and credit. LendingClub Corporation was founded in 2006 and is headquartered in San Francisco, California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Business services, not elsewhere classified
Sub-IndustryN/A
SectorFinance
SymbolNYSE:LC
CUSIPN/A
Phone415-632-5600
Debt
Debt-to-Equity Ratio2.98
Current Ratio6.28
Quick Ratio5.88
Price-To-Earnings
Trailing P/E Ratio-26.24
Forward P/E Ratio-44.60
P/E GrowthN/A
Sales & Book Value
Annual Sales$574.54 million
Price / Sales3.26
Cash FlowN/A
Price / CashN/A
Book Value$2.24 per share
Price / Book1.99
Profitability
EPS (Most Recent Fiscal Year)($0.17)
Net Income$-153,830,000.00
Net Margins-25.79%
Return on Equity-5.62%
Return on Assets-1.15%
Miscellaneous
Employees1,837
Outstanding Shares419,660,000
Market Cap$1,871.70
LendingClub (NYSE:LC) Frequently Asked Questions
What is LendingClub's stock symbol?
LendingClub trades on the New York Stock Exchange (NYSE) under the ticker symbol "LC."
How were LendingClub's earnings last quarter?
LendingClub Corp (NYSE:LC) announced its quarterly earnings data on Tuesday, May, 8th. The credit services provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The credit services provider had revenue of $151.70 million for the quarter, compared to analyst estimates of $150.62 million. LendingClub had a negative return on equity of 5.62% and a negative net margin of 25.79%. The company's revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.02) EPS. View LendingClub's Earnings History.
When is LendingClub's next earnings date?
What price target have analysts set for LC?
15 Wall Street analysts have issued twelve-month target prices for LendingClub's stock. Their predictions range from $4.00 to $9.00. On average, they anticipate LendingClub's stock price to reach $5.6923 in the next twelve months. This suggests a possible upside of 27.6% from the stock's current price. View Analyst Ratings for LendingClub.
What is the consensus analysts' recommendation for LendingClub?
15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 7 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
What are Wall Street analysts saying about LendingClub stock?
Here are some recent quotes from research analysts about LendingClub stock:
- 1. BTIG Research analysts commented, "Stale? Case Likely to Be Settled; Reiterating Buy Shares of LendingClub Corporation (LC) came under pressure this afternoon after the U.S. Federal Trade Commission (FTC) filed a complaint (https://www.ftc.gov/system/files/documents/cases/lending_club_complai nt.pdf in which it stated that LC had misled consumers by charging hidden up-front fees on loans after promising that none existed. The FTC also stated in its complaint that the company had continued to charge borrowers after they had paid off their loans, that it had stated that loans had been fully backed by investors when they had not been, and that it had failed to provide required privacy notices to customers or to receive related acknowledgements from them." (4/29/2018)
- 2. Maxim Group analysts commented, "Yesterday afternoon, there was news that the Federal Trade Commission (FTC) brought an action against LC following an inquiry that began in May 2016 (when LC’s former CEO resigned due to management integrity issues). The stock closed down 15%." (4/26/2018)
- 3. 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. " (3/13/2018)
Are investors shorting LendingClub?
LendingClub saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 30,265,322 shares, an increase of 12.0% from the May 15th total of 27,014,253 shares. Based on an average daily volume of 3,106,354 shares, the days-to-cover ratio is currently 9.7 days. Currently, 7.9% of the company's stock are sold short. View LendingClub's Current Options Chain.
Who are some of LendingClub's key competitors?
Some companies that are related to LendingClub include athenahealth (ATHN), Fair Isaac (FICO), Etsy (ETSY), Healthequity (HQY), Stamps.com (STMP), MAXIMUS (MMS), Cotiviti (COTV), TriNet Group (TNET), Conduent (CNDT), Ritchie Bros. Auctioneers (RBA), GreenSky (GSKY), Sothebys (BID), WNS (WNS), Envestnet (ENV) and Uxin (UXIN).
Who are LendingClub's key executives?
LendingClub's management team includes the folowing people:
- Mr. Scott C. Sanborn, CEO & Director (Age 49)
- Mr. Steve Allocca, Pres (Age 45)
- Mr. Thomas W. Casey, Chief Financial Officer (Age 55)
- Mr. Sameer Gulati, Chief Operations Officer (Age 40)
- Mr. Timothy Bogan, Chief Risk Officer (Age 52)
When did LendingClub IPO?
(LC) raised $635 million in an 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.
Has LendingClub been receiving favorable news coverage?
News headlines about LC stock have trended somewhat positive recently, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. LendingClub earned a media sentiment score of 0.13 on Accern's scale. They also assigned news headlines about the credit services provider an impact score of 46.76 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
How do I buy shares of LendingClub?
Shares of LC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is LendingClub's stock price today?
One share of LC stock can currently be purchased for approximately $4.46.
How big of a company is LendingClub?
LendingClub has a market capitalization of $1.87 billion and generates $574.54 million in revenue each year. The credit services provider earns $-153,830,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis. LendingClub employs 1,837 workers across the globe.
How can I contact LendingClub?
LendingClub's mailing address is 71 STEVENSON STREET SUITE 1000, SAN FRANCISCO CA, 94105. The credit services provider can be reached via phone at 415-632-5600 or via email at [email protected]
MarketBeat Community Rating for LendingClub (NYSE LC)
MarketBeat's community ratings are surveys of what our community members think about LendingClub and other stocks. Vote "Outperform" if you believe LC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LC will underperform the S&P 500 over the long term. You may vote once every thirty days.
