What is LendingClub Corporation's stock symbol?
LendingClub Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "LC."
Where is LendingClub Corporation's stock going? Where will LendingClub Corporation's stock price be in 2017?
21 analysts have issued 1-year price targets for LendingClub Corporation's shares. Their predictions range from $3.00 to $92.00. On average, they expect LendingClub Corporation's stock price to reach $11.56 in the next twelve months.
When will LendingClub Corporation announce their earnings?
LendingClub Corporation is scheduled to release their next quarterly earnings announcement on Monday, May, 8th 2017.
What are analysts saying about LendingClub Corporation stock?
Here are some recent quotes from research analysts about LendingClub Corporation stock:
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. " (1/11/2017)
FBR & Co analysts commented, "We reiterate our Market Perform rating and $4 price target on LC following 2Q16 results. Several unusual items (severance, increased incentives, strategic review costs, etc.) negatively impacted both 2Q16 results and the outlook, although origination volume was slightly better than expected. LC reduced its contribution margin target to something in the mid-40%s from 50% given higher customer acquisition cost. LC did not provide an update on its long-term EBITDA guidance, but it is difficult to see how LC can get to the same level with a lower contribution margin. Given the drop in originations, LC reduced some staff, but adjusted EBITDA is and will remain negative (despite the add back of significant stock comp expense) and we would like to see more focus on profitability, especially as originations are falling. LC also announced the company’s CFO has resigned." (8/9/2016)
Macquarie analysts commented, "For a 'pure-play' marketplace like LC, investor trust is particularly paramount," Macquarie analyst Tom White stated. But, the San Francisco, California-based online lender has lost investor confidence after the shock resignation of its co-founder, chairman and CEO Renaud Laplanche due to improper loan sales and personal investment disclosures."We can't be entirely certain that these are the only isolated issues at LC, but the Board's rapid/decisive action, coupled with LC's deep executive bench, the scale of its marketplace, and it's still generally solid loan performance, gives LC a good shot at eventually restoring the trust/participation of its platform investors," White wrote.Related Link: Post LendingClub, Other Online Leaders Under NY Regulatory Radar"Forcing out such a popular, high-profile, and evangelical leader like Laplanche shows that LC takes the issue of marketplace integrity/trust very seriously," White continued.Typically, the company doesn't hold loans on its balance sheet. The company generates about 82 percent of its revenues from transaction fees, matching borrowers or matching investors.Meanwhile, following the controversial departure of Laplanche, some institutional investors have paused their LC loan buying programs, White noted.LendingClub's Performance"LendingClub has cut marketing spend to slow top-of-the-funnel traffic to its site," White stated. At the same time, it tries to win back investors to its platform with lower servicing fees that in turn will aggravate its near-term revenue hurdles."LC will re-ramp marketing/originations once investors return, but it remains unclear how long platform investors may pause. All of this points to a likely messy/disappointing 2Q, and uncertain balance of 2016," White said.On the regulatory probe, the analyst said near-term regulatory noise is likely, and he expects more industry oversight in general in the coming years.Related Link: Is LendingClub Ruining Fintech's Future?"That said, the fact that LC's core installment loans for 660–720+ FICO borrowers typically provide cost savings (average APR at 14 percent) relative to alternatives like credit cards (and may help improve credit scores) should make LC less of a target," White noted.The analyst highlighted that LendingClub revenues are" disproportionately tied to originations, but related contribution expenses account for about 60 percent of LC's cost base and are about 75 percent variable." Looking Forward"LC may look to ramp retail investor marketing if institutional capital stays on the sidelines, but LC has been able to maintain high-40 percent contribution margins at significantly lower originations levels historically. Tech, G&A spend is also more discretionary, offering some EBITDA margin flexibility in a downturn," White said.White expects revenue and EBITDA growth in 2016 of 48 percent to $629 million and 35 percent to $94 million."Given the lack of current visibility around investor participation in LC's marketplace, visibility around potential origination and revenue growth outcomes for LC in the near-term is very limited," (5/26/2016)
Who owns LendingClub Corporation stock?
LendingClub Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Sands Capital Management LLC (7.42%), Norwest Venture Partners X L P (3.25%), Fred Alger Management Inc. (3.16%), State Street Corp (1.51%), Renaissance Technologies LLC (0.55%) and Harbourvest Partners LLC (0.48%). Company insiders that own LendingClub Corporation stock include Bradley Coleman, Carrie Dolan, Chaomei Chen, John C Morris, John Macilwaine, Lawrence Henry Summers, Rebecca Lynn, Renaud Laplanche, Sameer Gulati, Sandeep Bhandari, Scott Sanborn, Thomas W Casey, Tian Qiao Chen and Vii Lp Canaan.
Who sold LendingClub Corporation stock? Who is selling LendingClub Corporation stock?
LendingClub Corporation's stock was sold by a variety of institutional investors in the last quarter, including Sands Capital Management LLC, Public Sector Pension Investment Board, Bingham Osborn & Scarborough LLC, Guggenheim Capital LLC, Commerzbank Aktiengesellschaft FI, Pitcairn Co. and Metropolitan Life Insurance Co. NY. Company insiders that have sold LendingClub Corporation stock in the last year include Bradley Coleman, John Macilwaine, Sameer Gulati, Sandeep Bhandari, Scott Sanborn, Thomas W Casey and Vii Lp Canaan.
Who bought LendingClub Corporation stock? Who is buying LendingClub Corporation stock?
LendingClub Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Fred Alger Management Inc., Dimensional Fund Advisors LP, ARK Investment Management LLC, Harbourvest Partners LLC, Renaissance Technologies LLC, Royce & Associates LP, Artemis Investment Management LLP and Crosslink Capital Inc.. Company insiders that have bought LendingClub Corporation stock in the last two years include John C Morris, Renaud Laplanche and Tian Qiao Chen.
How do I buy LendingClub Corporation stock?
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.
How much does a share of LendingClub Corporation stock cost?
One share of LendingClub Corporation stock can currently be purchased for approximately $5.45.