NYSE:LC - LendingClub Stock Price, Forecast & News

LendingClub trades on the New York Stock Exchange (NYSE) under the ticker symbol "LC."

Shares of LendingClub 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.

LendingClub Corp (NYSE:LC) posted its earnings results on Tuesday, November, 5th. The credit services provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.08. The credit services provider earned $204.90 million during the quarter, compared to analysts' expectations of $204.63 million. LendingClub had a negative return on equity of 1.02% and a negative net margin of 5.91%. LendingClub's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $0.03 earnings per share. View LendingClub's Earnings History.

LendingClub is scheduled to release their next quarterly earnings announcement on Tuesday, February 18th 2020. View Earnings Estimates for LendingClub.

4 brokerages have issued 12-month price targets for LendingClub's shares. Their forecasts range from $17.00 to $25.00. On average, they anticipate LendingClub's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 73.0% from the stock's current price. View Analyst Price Targets 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.

News stories about LC stock have trended extremely negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by analyzing 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 positive five, with scores nearest to five being the most favorable. LendingClub earned a daily sentiment score of -5.0 on InfoTrie's scale. They also assigned news stories about the credit services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for LendingClub.

LendingClub saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 4,130,000 shares, an increase of 5.4% from the December 15th total of 3,920,000 shares. Based on an average daily volume of 510,300 shares, the days-to-cover ratio is presently 8.1 days. Approximately 5.1% of the shares of the stock are sold short. View LendingClub's Current Options Chain.

Some companies that are related to LendingClub include TriNet Group (TNET), Farfetch (FTCH), Envestnet (ENV), WNS (WNS), Sothebys (BID), HMS (HMSY), ExlService (EXLS), EVO Payments (EVOP), Cardtronics (CATM), Wageworks (WAGE), GreenSky (GSKY), Stamps.com (STMP), CBIZ (CBZ), Viad (VVI) and Tabula Rasa HealthCare (TRHC).

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

(LC) raised $635 million in an initial public offering (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's stock is owned by many different of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.65%). Company insiders that own LendingClub stock include Bahman Koohestani, John J Mack, Kenneth D Denman, Mary G Meeker, Simon Williams, Steven Allocca, Susan C Athey, Thomas W Casey, Tian Qiao Chen, Timothy Bogan and Valerie Kay. View Institutional Ownership Trends for LendingClub.

LC stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A.. Company insiders that have bought LendingClub stock in the last two years include John J Mack, Kenneth D Denman, Steven Allocca, Thomas W Casey and Tian Qiao Chen. View Insider Buying and Selling 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 $12.72.

LendingClub has a market capitalization of $1.12 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.

The official website for LendingClub is http://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]