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 stock has decreased by 52.6% and is now trading at $4.46.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 6 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, November 3rd 2020.
View our earnings forecast for LendingClub.

LendingClub Corp (NYSE:LC) released its earnings results on Tuesday, August, 4th. The credit services provider reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.58) by $0.02. The credit services provider had revenue of $43.90 million for the quarter, compared to analysts' expectations of $59.53 million. LendingClub had a negative net margin of 22.73% and a negative return on equity of 9.42%. The firm's revenue for the quarter was down 77.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.01) 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 market closes 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.

8 brokers have issued 12-month price targets for LendingClub's stock. Their forecasts range from $6.00 to $23.00. On average, they expect LendingClub's stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 169.1% from the stock's current price.
View analysts' price targets for LendingClub.

LendingClub saw a drop in short interest in the month of August. As of August 14th, there was short interest totaling 5,040,000 shares, a drop of 12.8% from the July 30th total of 5,780,000 shares. Based on an average daily trading volume, of 1,350,000 shares, the days-to-cover ratio is presently 3.7 days. Approximately 7.3% of the shares of the company are short sold.
View LendingClub's Short Interest.

Some companies that are related to LendingClub include PROVIDENT FINL/S (FPLPY), World Acceptance (WRLD), Oaktree Specialty Lending (OCSL), Enova International (ENVA), Atlanticus (ATLC), Regional Management (RM) 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 IPO 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 a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.60%), Sumitomo Mitsui Trust Holdings Inc. (8.72%), Assenagon Asset Management S.A. (3.00%), Jacobs Levy Equity Management Inc. (1.54%), Jefferies Group LLC (1.37%) and Charles Schwab Investment Management Inc. (0.65%). Company insiders that own LendingClub stock include Bahman Koohestani, Kenneth D Denman, Mary G Meeker, 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 Vanguard Group Inc., Sumitomo Mitsui Trust Holdings Inc., Charles Schwab Investment Management Inc., AQR Capital Management LLC, Bank of New York Mellon Corp, Tiedemann Advisors LLC, and Bank of America Corp DE. Company insiders that have sold LendingClub company stock in the last year include Timothy Bogan, and Valerie Kay.
View insider buying and selling activity for LendingClub.

LC stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Jefferies Group LLC, Goldman Sachs Group Inc., Jacobs Levy Equity Management Inc., PDT Partners LLC, Tudor Investment Corp Et Al, Public Employees Retirement System of Ohio, and Nuveen Asset Management 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 $4.46.

LendingClub has a market capitalization of $318.96 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]