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

$11.89
+0.08 (+0.68 %)
(As of 10/14/2019 04:00 PM ET)
Today's Range
$11.56
Now: $11.89
$11.99
50-Day Range
$11.07
MA: $13.27
$15.09
52-Week Range
$10.89
Now: $11.89
$19.17
Volume292,555 shs
Average Volume555,006 shs
Market Capitalization$1.04 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.6
LendingClub Corporation operates an online lending marketplace platform that connects borrowers and investors in the United States. The company's marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient installment loans, auto refinance loans, and small business loans. Read More…

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone415-632-5600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$694.81 million
Cash Flow$0.70 per share
Book Value$10.22 per share

Profitability

Net Income$-128,300,000.00

Miscellaneous

Employees1,768
Market Cap$1.04 billion
Next Earnings Date11/5/2019 (Estimated)
OptionableOptionable

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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."

When did LendingClub's stock split? How did LendingClub's stock split work?

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.

How were LendingClub's earnings last quarter?

LendingClub Corp (NYSE:LC) released its quarterly earnings data on Tuesday, August, 6th. The credit services provider reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.09. The credit services provider earned $190.80 million during the quarter, compared to analyst estimates of $192.04 million. LendingClub had a negative net margin of 9.14% and a negative return on equity of 2.67%. LendingClub's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 earnings per share. View LendingClub's Earnings History.

When is LendingClub's next earnings date?

LendingClub is scheduled to release their next quarterly earnings announcement on Tuesday, November 5th 2019. View Earnings Estimates for LendingClub.

What guidance has LendingClub issued on next quarter's earnings?

LendingClub issued an update on its third quarter earnings guidance on Tuesday, August, 6th. The company provided EPS guidance of positive for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.01). The company issued revenue guidance of $200-210 million, compared to the consensus revenue estimate of $204.66 million.

What price target have analysts set for LC?

4 Wall Street analysts have issued 1-year price objectives for LendingClub's shares. Their forecasts range from $17.00 to $25.00. On average, they expect LendingClub's stock price to reach $22.00 in the next year. This suggests a possible upside of 85.0% from the stock's current price. View Analyst Price Targets for LendingClub.

What is the consensus analysts' recommendation for LendingClub?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (10/12/2019)
  • 2. Maxim Group analysts commented, "LC reported strong 4Q18 results, above or inline with guidance and consensus." (2/20/2019)

Has LendingClub been receiving favorable news coverage?

News coverage about LC stock has trended negative this week, according to InfoTrie. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. LendingClub earned a coverage optimism score of -2.8 on InfoTrie's scale. They also gave media headlines about the credit services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for LendingClub.

Are investors shorting LendingClub?

LendingClub saw a decline in short interest during the month of September. As of September 30th, there was short interest totalling 4,280,000 shares, a decline of 8.0% from the August 30th total of 4,650,000 shares. Based on an average daily volume of 698,900 shares, the short-interest ratio is currently 6.1 days. Approximately 5.0% of the company's stock are sold short. View LendingClub's Current Options Chain.

Who are some of LendingClub's key competitors?

What other stocks do shareholders of LendingClub own?

Based on aggregate information from My MarketBeat watchlists, some companies that other LendingClub investors own include Micron Technology (MU), Twitter (TWTR), NVIDIA (NVDA), Alibaba Group (BABA), Bank of America (BAC), General Electric (GE), Novavax (NVAX), Advanced Micro Devices (AMD), Tesla (TSLA) and Ford Motor (F).

Who are LendingClub's key executives?

LendingClub's management team includes the folowing people:
  • Mr. Scott C. Sanborn, CEO & Director (Age 50)
  • Mr. Steve Allocca, Pres (Age 46)
  • Mr. Thomas W. Casey, Chief Financial Officer (Age 56)
  • Mr. Timothy Bogan, Chief Risk Officer (Age 53)
  • Mr. Fergal Stack, Principal Accounting Officer & Corp. Controller

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 acted as the underwriters for the IPO and Allen & Company, Stifel, BMO Capital Markets, William Blair and Wells Fargo Securities were co-managers.

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, Robinhood, Fidelity and Charles Schwab.

What is LendingClub's stock price today?

One share of LC stock can currently be purchased for approximately $11.89.

How big of a company is LendingClub?

LendingClub has a market capitalization of $1.04 billion and generates $694.81 million in revenue each year. The credit services provider earns $-128,300,000.00 in net income (profit) each year or ($0.35) on an earnings per share basis. LendingClub employs 1,768 workers across the globe.View Additional Information About LendingClub.

What is LendingClub's official website?

The official website for LendingClub is http://www.lendingclub.com/.

How can I contact LendingClub?

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]


MarketBeat Community Rating for LendingClub (NYSE LC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  485 (Thanks for Voting!)
Underperform Votes:  573 (Thanks for Voting!)
Total Votes:  1,058
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.
This page was last updated on 10/14/2019 by MarketBeat.com Staff

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