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

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

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 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 data on Tuesday, August, 6th. The credit services provider reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.09. The credit services provider had revenue of $190.80 million for the quarter, compared to the consensus estimate of $192.04 million. LendingClub had a negative net margin of 9.14% and a negative return on equity of 2.67%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous 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, 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 earnings per share estimate of ($0.01). The company issued revenue guidance of $200-210 million, compared to the consensus revenue estimate of $204.66 million.

4 equities research analysts have issued twelve-month price objectives for LendingClub's shares. Their predictions range from $17.00 to $25.00. On average, they expect LendingClub's stock price to reach $22.00 in the next year. This suggests a possible upside of 74.3% 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 been trending somewhat negative recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. LendingClub earned a media sentiment score of -1.9 on InfoTrie's scale. They also gave press coverage about the credit services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for LendingClub.

LendingClub saw a drop in short interest in September. As of September 30th, there was short interest totalling 4,280,000 shares, a drop 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 presently 6.1 days. Approximately 5.0% of the company's shares are sold short. 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), Stamps.com (STMP) 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 a variety of of retail and institutional investors. Top institutional shareholders include Norwest Venture Partners X L P (2.94%), Assenagon Asset Management S.A. (0.18%) and Joel Isaacson & Co. LLC (0.04%). 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 and Joel Isaacson & Co. LLC. 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 purchased 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 $12.62.

LendingClub has a market capitalization of $1.10 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]