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 Ratio3.12
Current Ratio10.23
Quick Ratio8.75
Price-To-Earnings
Trailing P/E Ratio-20.29
Forward P/E Ratio-34.10
P/E GrowthN/A
Sales & Book Value
Annual Sales$574.54 million
Price / Sales2.51
Cash FlowN/A
Price / CashN/A
Book Value$2.24 per share
Price / Book1.52
Profitability
EPS (Most Recent Fiscal Year)($0.17)
Net Income$-153,830,000.00
Net Margins-29.82%
Return on Equity-3.78%
Return on Assets-0.80%
Miscellaneous
Employees1,837
Outstanding Shares423,240,000
Market Cap$1.43 billion
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) issued its quarterly earnings results on Tuesday, August, 7th. The credit services provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.07. The credit services provider had revenue of $176.98 million for the quarter, compared to the consensus estimate of $164.25 million. LendingClub had a negative return on equity of 3.78% and a negative net margin of 29.82%. View LendingClub's Earnings History.
When is LendingClub's next earnings date?
What price target have analysts set for LC?
13 Wall Street analysts have issued 12-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 $5.6875 in the next twelve months. This suggests a possible upside of 66.8% from the stock's current price. View Analyst Price Targets for LendingClub.
What is the consensus analysts' recommendation for LendingClub?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for LendingClub.
What are Wall Street analysts saying about LendingClub stock?
Here are some recent quotes from research analysts about LendingClub 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. " (9/8/2018)
- 2. Maxim Group analysts commented, "LC reported strong 2Q18 results and appeared on track to hit its core 2018 guidance, which was unchanged. We are tweaking our 2018 and 2019 adjusted EBITDA estimates, and reiterating our Buy rating and $6 price target." (8/8/2018)
- 3. 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)
Are investors shorting LendingClub?
LendingClub saw a decrease in short interest in August. As of August 15th, there was short interest totalling 22,418,623 shares, a decrease of 20.6% from the July 31st total of 28,219,164 shares. Based on an average daily trading volume, of 5,076,104 shares, the short-interest ratio is presently 4.4 days. Currently, 5.9% of the company's stock are short sold. View LendingClub's Current Options Chain.
Who are some of LendingClub's key competitors?
Some companies that are related to LendingClub include Conduent (CNDT), MAXIMUS (MMS), Cotiviti (COTV), Stamps.com (STMP), Ritchie Bros. Auctioneers (RBA), TriNet Group (TNET), GreenSky (GSKY), Envestnet (ENV), HMS (HMSY), WNS (WNS), Sothebys (BID), ExlService (EXLS), EVO Payments (EVOP), Tabula Rasa HealthCare (TRHC) and Wageworks (WAGE).
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 initial public offering 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?
Headlines about LC stock have trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LendingClub earned a news and rumor sentiment score of 0.18 on Accern's scale. They also gave media headlines about the credit services provider an impact score of 46.57 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. View Recent Headlines for LendingClub.
Who are LendingClub's major shareholders?
LendingClub's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.52%), Sumitomo Mitsui Trust Holdings Inc. (4.48%), Nikko Asset Management Americas Inc. (4.48%), Morgan Stanley (3.71%), ARK Investment Management LLC (3.69%) and Dimensional Fund Advisors LP (2.97%). Company insiders that own LendingClub stock include Bradley Coleman, Daniel T Ciporin, John J Mack, John Macilwaine, Kenneth D Denman, 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.
Which major investors are selling LendingClub stock?
LC stock was sold by a variety of institutional investors in the last quarter, including Fred Alger Management Inc., Bank of America Corp DE, Northern Trust Corp, Pier 88 Investment Partners LLC, Jane Street Group LLC and Voya Investment Management LLC. Company insiders that have sold LendingClub company stock in the last year include Sameer Gulati, Scott Sanborn, Simon Williams and Timothy Bogan. View Insider Buying and Selling for LendingClub.
Which major investors are buying LendingClub stock?
LC stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, ARK Investment Management LLC, Dimensional Fund Advisors LP, GAM Holding AG, BlackRock Inc., Canada Pension Plan Investment Board, Global X Management Co LLC and Sei Investments Co.. Company insiders that have bought LendingClub stock in the last two years include Daniel T Ciporin, John J Mack, Kenneth D Denman, Thomas W Casey and Tian Qiao Chen. View Insider Buying and Selling for LendingClub.
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 $3.41.
How big of a company is LendingClub?
LendingClub has a market capitalization of $1.43 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.
