LendingClub Stock Price, News & Analysis (NYSE:LC)

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LC shares.
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6 equities research analysts have issued 1-year target prices for LendingClub's shares. Their LC share price targets range from $7.00 to $15.00. On average, they predict the company's share price to reach $10.94 in the next twelve months. This suggests a possible upside of 58.5% from the stock's current price.
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LendingClub's stock was trading at $8.80 at the beginning of the year. Since then, LC stock has decreased by 21.6% and is now trading at $6.90.
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LendingClub saw a increase in short interest in October. As of October 31st, there was short interest totaling 3,750,000 shares, an increase of 13.3% from the October 15th total of 3,310,000 shares. Based on an average daily trading volume, of 1,460,000 shares, the short-interest ratio is presently 2.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
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LendingClub Co. (NYSE:LC) released its earnings results on Wednesday, October, 25th. The credit services provider reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The credit services provider had revenue of $200.85 million for the quarter, compared to analyst estimates of $199.66 million. LendingClub had a net margin of 5.56% and a trailing twelve-month return on equity of 4.13%.

ETFs with the largest weight of LendingClub (NYSE:LC) stock in their portfolio include AOT Growth & Innovation ETF (AOTG).Global X Millennial Consumer ETF (MILN).

Shares of LendingClub reverse split on the morning of 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 stock prior to the reverse split would have 20 shares after the split.

LendingClub issued an update on its third quarter 2023 earnings guidance on Thursday, October, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $198.00 million-$200.00 million, compared to the consensus revenue estimate of $199.42 million.

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.

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 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's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Jacobs Levy Equity Management Inc. (1.72%), Harspring Capital Management LLC (1.69%), Sei Investments Co. (1.37%), Northern Trust Corp (0.90%), Charles Schwab Investment Management Inc. (0.76%) and American Century Companies Inc. (0.71%). 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, Scott Sanborn, Stephen M Cutler, Susan C Athey, Thomas W Casey and Valerie Kay.
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Shares of LC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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