LendingClub Stock Price, News & Analysis (NYSE:LC)

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

LendingClub's stock reverse split on the morning of 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) issued its quarterly earnings results on Tuesday, August, 6th. The credit services provider reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.10) by $0.09. The credit services provider earned $190.80 million during the quarter, compared to analysts' expectations of $192.04 million. LendingClub had a negative net margin of 9.14% and a negative return on equity of 2.67%. The company's revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 earnings per share. View LendingClub's Earnings History.

LendingClub is scheduled to release their next quarterly earnings announcement on Tuesday, November 5th 2019. View Earnings Estimates for LendingClub.

LendingClub will be holding an earnings conference call on Tuesday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

LendingClub updated its third quarter earnings guidance on Tuesday, August, 6th. The company provided earnings per share guidance of positive for the period, compared to the Thomson Reuters consensus estimate of ($0.01). The company issued revenue guidance of $200-210 million, compared to the consensus revenue estimate of $204.66 million.

4 brokers have issued 12 month target prices for LendingClub's shares. Their forecasts range from $17.00 to $25.00. On average, they expect LendingClub's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 70.5% 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 headlines about LC stock have trended negative this week, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. LendingClub earned a media sentiment score of -2.5 on InfoTrie's scale. They also gave media stories about the credit services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for LendingClub.

LendingClub saw a decline in short interest in September. As of September 30th, there was short interest totalling 4,280,000 shares, a decline of 8.0% from the August 30th total of 4,650,000 shares. Based on an average trading volume of 698,900 shares, the days-to-cover ratio is currently 6.1 days. Approximately 5.0% of the shares of the stock are short sold. View LendingClub's Current Options Chain.

Some companies that are related to LendingClub include Ritchie Bros. Auctioneers (RBA), TriNet Group (TNET), Healthequity (HQY), Envestnet (ENV), WNS (WNS), HMS (HMSY), Sothebys (BID), Farfetch (FTCH), EVO Payments (EVOP), ExlService (EXLS), Wageworks (WAGE), Cardtronics (CATM), Viad (VVI), CBIZ (CBZ) and GreenSky (GSKY).

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

(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 served 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 retail and institutional investors. Top institutional investors include Norwest Venture Partners X L P (2.94%), Assenagon Asset Management S.A. (0.18%), Joel Isaacson & Co. LLC (0.04%) and Zurcher Kantonalbank Zurich Cantonalbank (0.00%). Company insiders that own LendingClub stock include Bahman Koohestani, John J Mack, Kenneth D Denman, Mary G Meeker, Sameer Gulati, Scott Sanborn, 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 sold by a variety of institutional investors in the last quarter, including Norwest Venture Partners X L P, Joel Isaacson & Co. LLC and Zurcher Kantonalbank Zurich Cantonalbank . Company insiders that have sold LendingClub company stock in the last year include Bahman Koohestani, Kenneth D Denman, Mary G Meeker, Simon Williams, Susan C Athey, Timothy Bogan and Valerie Kay. View Insider Buying and Selling for LendingClub.

LC stock was bought 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 $12.90.

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]