NYSE:LC - LendingClub Stock Price, News, & Analysis

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$3.56 +0.04 (+1.14 %)
(As of 02/17/2019 04:00 PM ET)
Previous Close$3.56
Today's Range$3.53 - $3.59
52-Week Range$2.46 - $4.55
Volume1.25 million shs
Average Volume1.89 million shs
Market Capitalization$1.52 billion
P/E Ratio-20.94
Dividend YieldN/A
Beta1.69
LendingClub Corporation operates an online marketplace platform that connects borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient finance loans, auto refinance loans, and unsecured small business loans. The company also provides an opportunity to the investors to invest in a range of loans based on term and credit. LendingClub Corporation was founded in 2006 and is headquartered in San Francisco, California.

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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$574.54 million
Book Value$2.24 per share

Profitability

Net Income$-153,830,000.00

Miscellaneous

Employees1,837
Market Cap$1.52 billion
OptionableOptionable

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."

How were LendingClub's earnings last quarter?

LendingClub Corp (NYSE:LC) announced its earnings results on Tuesday, August, 7th. The credit services provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.07. The credit services provider had revenue of $176.98 million for the quarter, compared to analysts' expectations of $164.25 million. LendingClub had a negative return on equity of 4.02% and a negative net margin of 30.89%. View LendingClub's Earnings History.

When is LendingClub's next earnings date?

LendingClub is scheduled to release their next quarterly earnings announcement on Tuesday, February 19th 2019. View Earnings Estimates for LendingClub.

How can I listen to LendingClub's earnings call?

LendingClub will be holding an earnings conference call on Tuesday, February 19th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8883176003.

What price target have analysts set for LC?

8 brokerages have issued 12-month price targets for LendingClub's stock. Their forecasts range from $4.00 to $7.00. On average, they expect LendingClub's stock price to reach $5.3929 in the next twelve months. This suggests a possible upside of 51.5% from the stock's current price. View Analyst Price Targets for LendingClub.

What is the consensus analysts' recommendation for LendingClub?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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. " (1/4/2019)
  • 2. Maxim Group analysts commented, "LC reported strong 2Q18 results and appeared on track to hit its core 2018 guidance, which was unchanged. We are tweaking our 2018 and 2019 adjusted EBITDA estimates, and reiterating our Buy rating and $6 price target." (8/8/2018)
  • 3. BTIG Research analysts commented, "Stale? Case Likely to Be Settled; Reiterating Buy Shares of LendingClub Corporation (LC) came under pressure this afternoon after the U.S. Federal Trade Commission (FTC) filed a complaint (https://www.ftc.gov/system/files/documents/cases/lending_club_complai nt.pdf in which it stated that LC had misled consumers by charging hidden up-front fees on loans after promising that none existed. The FTC also stated in its complaint that the company had continued to charge borrowers after they had paid off their loans, that it had stated that loans had been fully backed by investors when they had not been, and that it had failed to provide required privacy notices to customers or to receive related acknowledgements from them." (4/29/2018)

Has LendingClub been receiving favorable news coverage?

News articles about LC stock have been trending somewhat positive on Sunday, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. LendingClub earned a daily sentiment score of 1.4 on InfoTrie's scale. They also assigned media stories about the credit services provider a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future.

Who are some of LendingClub's key competitors?

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 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.

Who are LendingClub's major shareholders?

LendingClub's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.74%), Nikko Asset Management Americas Inc. (4.66%), Dimensional Fund Advisors LP (3.07%), Hsbc Holdings PLC (1.76%), Geode Capital Management LLC (0.95%) and Northern Trust Corp (0.94%). Company insiders that own LendingClub stock include Bradley Coleman, Daniel T Ciporin, John J Mack, Kenneth D Denman, Russell S Elmer, Sameer Gulati, Sandeep Bhandari, Scott Sanborn, Simon Williams, Steven Allocca, Thomas W Casey, Tian Qiao Chen and Timothy Bogan. View Institutional Ownership Trends for LendingClub.

Which major investors are selling LendingClub stock?

LC stock was sold by a variety of institutional investors in the last quarter, including Nikko Asset Management Americas Inc., BlackRock Inc., Bank of Montreal Can, Mirae Asset Global Investments Co. Ltd., MetLife Investment Advisors LLC, New York State Common Retirement Fund, Two Sigma Securities LLC and Advisor Group Inc.. Company insiders that have sold LendingClub company stock in the last year include Simon Williams and Timothy Bogan. View Insider Buying and Selling for LendingClub.

Which major investors are buying LendingClub stock?

LC stock was acquired by a variety of institutional investors in the last quarter, including Hsbc Holdings PLC, Geode Capital Management LLC, Bank of America Corp DE, Jane Street Group LLC, Dimensional Fund Advisors LP, Rhumbline Advisers, California Public Employees Retirement System and Virtu Financial LLC. Company insiders that have bought LendingClub stock in the last two years include Daniel T Ciporin, John J Mack, Kenneth D Denman, Thomas W Casey and Tian Qiao Chen. View Insider Buying and Selling for LendingClub.

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, Scottrade, Fidelity and Charles Schwab.

What is LendingClub's stock price today?

One share of LC stock can currently be purchased for approximately $3.56.

How big of a company is LendingClub?

LendingClub has a market capitalization of $1.52 billion and generates $574.54 million in revenue each year. The credit services provider earns $-153,830,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis. LendingClub employs 1,837 workers across the globe.

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 71 STEVENSON STREET SUITE 1000, 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:  442 (Vote Outperform)
Underperform Votes:  526 (Vote Underperform)
Total Votes:  968
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 2/17/2019 by MarketBeat.com Staff

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