LendingClub Stock Forecast, Price & News

LendingClub's stock was trading at $9.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LC stock has decreased by 14.1% and is now trading at $8.08.
View which stocks have been most impacted by COVID-19.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for LendingClub.

Wall Street analysts have given LendingClub a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but LendingClub wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

LendingClub is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for LendingClub.

LendingClub Co. (NYSE:LC) posted its earnings results on Wednesday, November, 4th. The credit services provider reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.18. The credit services provider earned $74.71 million during the quarter, compared to the consensus estimate of $58.04 million. LendingClub had a negative return on equity of 13.45% and a negative net margin of 37.60%. The firm's revenue for the quarter was down 63.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share.
View LendingClub's earnings history.

LendingClub's stock reverse split before market open 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 market closes on Friday, July 5th 2019. An investor that had 100 shares of LendingClub stock prior to the reverse split would have 20 shares after the split.

7 brokers have issued 12-month price objectives for LendingClub's stock. Their forecasts range from $6.00 to $20.00. On average, they anticipate LendingClub's share price to reach $9.92 in the next year. This suggests a possible upside of 22.7% from the stock's current price.
View analysts' price targets for LendingClub.

LendingClub saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 4,850,000 shares, an increase of 27.3% from the September 30th total of 3,810,000 shares. Based on an average trading volume of 1,090,000 shares, the days-to-cover ratio is presently 4.4 days. Approximately 7.0% of the shares of the stock are short sold.
View LendingClub's Short Interest.

Some companies that are related to LendingClub include Provident Financial (FPLPY), World Acceptance (WRLD), Enova International (ENVA), Oaktree Specialty Lending (OCSL), Regional Management (RM), Atlanticus (ATLC) and Mr. Amazing Loans (MRAL).
View all competitors.

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).

(LC) raised $635 million in an initial public offering 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.

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

LendingClub's stock is owned by a variety of retail and institutional investors. Top institutional investors include ARK Investment Management LLC (10.47%), BlackRock Inc. (8.43%), Nikko Asset Management Americas Inc. (8.24%), Morgan Stanley (3.01%), Assenagon Asset Management S.A. (2.36%) and State Street Corp (2.12%). Company insiders that own LendingClub stock include Bahman Koohestani, Kenneth D Denman, Mary G Meeker, Scott Sanborn, Simon Williams, Steven Allocca, Susan C Athey, Thomas W Casey, Timothy Bogan and Valerie Kay.
View institutional ownership trends for LendingClub.

LC stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Assenagon Asset Management S.A., Nikko Asset Management Americas Inc., JPMorgan Chase & Co., State Street Corp, Wells Fargo & Company MN, and Paloma Partners Management Co. Company insiders that have sold LendingClub company stock in the last year include Scott Sanborn, and Valerie Kay.
View insider buying and selling activity for LendingClub.

LC stock was purchased by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Great West Life Assurance Co. Can, BlackRock Inc., Arrowstreet Capital Limited Partnership, Engineers Gate Manager LP, Cubist Systematic Strategies LLC, First Trust Advisors LP, and Aperio Group LLC. Company insiders that have bought LendingClub stock in the last two years include Steven Allocca, and Thomas W Casey.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of LC stock can currently be purchased for approximately $8.08.

LendingClub has a market capitalization of $632.12 million and generates $758.61 million in revenue each year. The credit services provider earns $-30,750,000.00 in net income (profit) each year or $0.02 on an earnings per share basis. LendingClub employs 1,538 workers across the globe.

The official website for LendingClub is www.lendingclub.com.

LendingClub's mailing address is 595 MARKET STREET SUITE 200, SAN FRANCISCO CA, 94105. The credit services provider can be reached via phone at 415-632-5600 or via email at [email protected]