LendingClub Corporation operates an online lending marketplace platform that connects borrowers and investors in the United States. The company's marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient installment loans, auto refinance loans, and small business loans.
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Industry, Sector and Symbol
Industry Business services, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Phone415-632-5600
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$694.81 million
Profitability
Miscellaneous
Employees1,768
Next Earnings Date11/5/2019 (Estimated)
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."
When did LendingClub's stock split? How did LendingClub's stock split work?
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.
How were LendingClub's earnings last quarter?
LendingClub Corp (NYSE:LC) posted its quarterly earnings data on Tuesday, August, 6th. The credit services provider reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks' 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 firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 EPS. View LendingClub's Earnings History.
When is LendingClub's next earnings date?
What guidance has LendingClub issued on next quarter's earnings?
LendingClub issued an update on its third quarter earnings guidance on Tuesday, August, 6th. The company provided EPS 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.
What price target have analysts set for LC?
3 brokers have issued 12-month target prices for LendingClub's stock. Their forecasts range from $17.00 to $25.00. On average, they anticipate LendingClub's share price to reach $21.6667 in the next year. This suggests a possible upside of 43.6% from the stock's current price. View Analyst Price Targets for LendingClub.
What is the consensus analysts' recommendation for LendingClub?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (9/17/2019)
- 2. Maxim Group analysts commented, "LC reported strong 4Q18 results, above or inline with guidance and consensus." (2/20/2019)
Has LendingClub been receiving favorable news coverage?
Press coverage about LC stock has trended somewhat positive recently, according to InfoTrie. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. LendingClub earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned press coverage about the credit services provider a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for LendingClub.
Are investors shorting LendingClub?
LendingClub saw a increase in short interest in August. As of August 31st, there was short interest totalling 4,324,600 shares, an increase of 28.0% from the July 31st total of 3,378,800 shares. Based on an average daily volume of 712,900 shares, the short-interest ratio is presently 6.1 days. Currently, 5.1% of the shares of the stock are sold short. View LendingClub's Current Options Chain.
Who are some of LendingClub's key competitors?
Some companies that are related to LendingClub include MAXIMUS (MMS), TriNet Group (TNET), Ritchie Bros. Auctioneers (RBA), Healthequity (HQY), HMS (HMSY), Envestnet (ENV), WNS (WNS), Farfetch (FTCH), Sothebys (BID), EVO Payments (EVOP), ExlService (EXLS), Wageworks (WAGE), Conduent (CNDT), GreenSky (GSKY) and Qiwi (QIWI).
What other stocks do shareholders of LendingClub own?
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 IPO 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 served 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 investors include Vanguard Group Inc. (41.06%), Nikko Asset Management Americas Inc. (29.74%), BlackRock Inc. (28.37%), ARK Investment Management LLC (23.92%), Foundation Capital LLC (11.73%) and Morgan Stanley (11.09%). 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.
Which major investors are selling LendingClub stock?
LC stock was sold by a variety of institutional investors in the last quarter, including Wilks Brothers LLC, Morgan Stanley, Foundation Capital LLC, ARK Investment Management LLC, Vanguard Group Inc., Northern Trust Corp, Renaissance Technologies LLC and Jacobs Levy Equity Management Inc.. 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.
Which major investors are buying LendingClub stock?
LC stock was bought by a variety of institutional investors in the last quarter, including Nikko Asset Management Americas Inc., Nuveen Asset Management LLC, Rothschild & Co Wealth Management UK Ltd, BlackRock Inc., JPMorgan Chase & Co., Bank of America Corp DE, A.R.T. Advisors LLC and Russell Investments Group Ltd.. 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.
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, Robinhood, Fidelity and Charles Schwab.
What is LendingClub's stock price today?
One share of LC stock can currently be purchased for approximately $15.09.
How big of a company is LendingClub?
LendingClub has a market capitalization of $1.32 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.
What is LendingClub's official website?
How can I contact LendingClub?
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]
MarketBeat Community Rating for LendingClub (NYSE LC)
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.
