LendingClub Stock Forecast, Price & News

LendingClub's stock was trading at $9.41 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, LC shares have decreased by 10.7% and is now trading at $8.40.
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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 or view MarketBeat's top 5 stock picks.

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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) issued its quarterly earnings data on Wednesday, November, 4th. The credit services provider reported ($0.25) EPS for the quarter, topping the Zacks' consensus estimate of ($0.43) by $0.18. The credit services provider earned $74.71 million during the quarter, compared to analysts' expectations of $58.04 million. LendingClub had a negative return on equity of 13.79% and a negative net margin of 37.60%. The firm's quarterly revenue was down 63.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS.
View LendingClub's earnings history.

LendingClub's stock 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 closing bell 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 equities research analysts have issued 1 year price objectives for LendingClub's stock. Their forecasts range from $6.00 to $20.00. On average, they expect LendingClub's share price to reach $9.92 in the next twelve months. This suggests a possible upside of 18.1% from the stock's current price.
View analysts' price targets for LendingClub.

Some companies that are related to LendingClub include Provident Financial (FPLPY), Enova International (ENVA), World Acceptance (WRLD), Oaktree Specialty Lending (OCSL), Regional Management (RM), Atlanticus (ATLC) and Mr. Amazing Loans (MRAL).
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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 $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 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 acquired 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 $8.40.

LendingClub has a market capitalization of $657.16 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]