NYSE:LCLendingClub Stock Price, Forecast & News

LendingClub's stock was trading at $9.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LC shares have decreased by 50.7% and is now trading at $4.64. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for LendingClub.

LendingClub is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for LendingClub.

LendingClub Corp (NYSE:LC) announced its quarterly earnings results on Tuesday, May, 5th. The credit services provider reported ($0.44) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.04) by $0.40. The credit services provider had revenue of $120.20 million for the quarter, compared to the consensus estimate of $174.66 million. LendingClub had a negative return on equity of 2.94% and a negative net margin of 8.36%. The business's revenue for the quarter was down 31.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.13) EPS. View LendingClub's earnings history.

LendingClub shares reverse split before market open on 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 analysts have issued 1 year price objectives for LendingClub's shares. Their forecasts range from $6.00 to $23.00. On average, they expect LendingClub's stock price to reach $12.43 in the next twelve months. This suggests a possible upside of 167.9% from the stock's current price. View analysts' price targets for LendingClub.

Press coverage about LC stock has trended negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. LendingClub earned a news sentiment score of -2.8 on InfoTrie's scale. They also assigned news stories about the credit services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about LendingClub.

Some companies that are related to LendingClub include Oaktree Specialty Lending (OCSL), PROVIDENT FINL/S (FPLPY), World Acceptance (WRLD), Enova International (ENVA), Regional Management (RM), Atlanticus (ATLC) and Mr. Amazing Loans (MRAL). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other LendingClub investors own include Twitter (TWTR), Bank of America (BAC), NVIDIA (NVDA), General Electric (GE), Alibaba Group (BABA), Micron Technology (MU), Ford Motor (F), Novavax (NVAX), Gilead Sciences (GILD) and AT&T (T).

(LC) raised $635 million in an initial public offering (IPO) 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 served 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."

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 $4.64.

LendingClub has a market capitalization of $324.20 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]