LendingClub (LC) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LC, but not buy additional shares or sell existing shares.
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5 Wall Street research analysts have issued 12-month target prices for LendingClub's stock. Their LC share price forecasts range from $10.00 to $20.00. On average, they expect the company's share price to reach $13.50 in the next year. This suggests a possible upside of 67.7% 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 shares have decreased by 8.5% and is now trading at $8.05.
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LendingClub saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 4,740,000 shares, an increase of 7.0% from the April 15th total of 4,430,000 shares. Based on an average daily trading volume, of 2,030,000 shares, the short-interest ratio is presently 2.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our LC earnings forecast.

LendingClub Co. (NYSE:LC) posted its quarterly earnings data on Wednesday, April, 26th. The credit services provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The credit services provider earned $245.70 million during the quarter, compared to analyst estimates of $237.32 million. LendingClub had a net margin of 22.96% and a trailing twelve-month return on equity of 10.45%. The business's revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share.

ETFs with the largest weight of LendingClub (NYSE:LC) stock in their portfolio include AOT Growth & Innovation ETF (AOTG), First Trust Small Cap Value AlphaDEX Fund (FYT), Global X FinTech Thematic ETF (FINX), First Trust Small Cap Core AlphaDEX Fund (FYX), 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.

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 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 many different retail and institutional investors. Top institutional investors include Jackson Square Partners LLC (8.14%), BlackRock Inc. (7.37%), Rubric Capital Management LP (5.11%), Dimensional Fund Advisors LP (2.43%), Harspring Capital Management LLC (2.36%) and State Street Corp (2.26%). Insiders that own company stock include Allan R Landon, Andrew Labenne, Annie Armstrong, Bahman Koohestani, Fergal Stack, 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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One share of LC stock can currently be purchased for approximately $8.05.

LendingClub (NYSE:LC) has a market capitalization of $865.13 million and generates $1.19 billion in revenue each year. The credit services provider earns $289.68 million in net income (profit) each year or $2.49 on an earnings per share basis.

The company employs 1,585 workers across the globe.

LendingClub's mailing address is 595 MARKET STREET SUITE 200, SAN FRANCISCO CA, 94105. The official website for the company is www.lendingclub.com. The credit services provider can be reached via phone at (415) 632-5600 or via email at ir@lendingclub.com.