LendingClub - LC Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LC shares.
View LC analyst ratings or view top-rated stocks.

6 analysts have issued 1-year target prices for LendingClub's shares. Their LC share price forecasts range from $20.00 to $60.00. On average, they anticipate the company's share price to reach $37.40 in the next year. This suggests a possible upside of 149.2% from the stock's current price.
View analysts price targets for LC or view top-rated stocks among Wall Street analysts.

LendingClub's stock was trading at $24.18 at the start of the year. Since then, LC shares have decreased by 37.9% and is now trading at $15.01.
View the best growth stocks for 2022 here.

LendingClub saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 8,080,000 shares, an increase of 5.5% from the July 15th total of 7,660,000 shares. Based on an average daily volume of 1,880,000 shares, the days-to-cover ratio is presently 4.3 days.
View LendingClub's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our LC earnings forecast.

LendingClub Co. (NYSE:LC) posted its earnings results on Wednesday, July, 27th. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. The credit services provider had revenue of $330.10 million for the quarter, compared to the consensus estimate of $298.97 million. LendingClub had a net margin of 24.75% and a trailing twelve-month return on equity of 27.96%. The company's quarterly revenue was up 61.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 EPS.

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 stock prior to the reverse split would have 20 shares after the split.

LendingClub issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $280.00 million-$300.00 million, compared to the consensus revenue estimate of $307.26 million.

269 employees have rated LendingClub Chief Executive Officer Scott Sanborn on Glassdoor.com. Scott Sanborn has an approval rating of 64% among the company's employees.

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 number of institutional and retail investors. Top institutional investors include Bank of Montreal Can (0.94%), Sumitomo Mitsui Trust Holdings Inc. (0.91%), Nikko Asset Management Americas Inc. (0.86%), Landscape Capital Management L.L.C. (0.61%), Assenagon Asset Management S.A. (0.58%) and Commonwealth Equity Services LLC (0.43%). Insiders that own company stock include Allan R Landon, Annie Armstrong, Bahman Koohestani, Fergal Stack, Kenneth D Denman, Michael P Zeisser, Michael P Zeisser, Scott Sanborn, Steven Allocca, Susan C Athey, Susan C Athey, Thomas W Casey, Timothy Bogan and Valerie Kay.
View institutional ownership trends.

Shares of LC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of LC stock can currently be purchased for approximately $15.01.

LendingClub (NYSE:LC) has a market capitalization of $1.56 billion and generates $818.63 million in revenue each year. The credit services provider earns $18.58 million in net income (profit) each year or $2.65 on an earnings per share basis.

The company employs 1,384 workers across the globe.

LendingClub's mailing address is 595 MARKET STREET SUITE 200, SAN FRANCISCO CA, 94105. The official website for the company is www.lendingclub.com. The credit services provider can be reached via phone at (415) 632-5600 or via email at ir@lendingclub.com.