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Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Closing prices for crude oil, gold and other commodities
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S&P 500   4,207.27
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QQQ   324.08
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US Dollar Replaced By "Biden Bucks"? (Ad)
Why Invest in High-Yield Dividend Stocks?
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Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Most profitable less than $5 stock in the world? (Ad)pixel
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
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New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
NYSE:LC

LendingClub - LC Stock Forecast, Price & News

$15.01
-0.22 (-1.44%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$14.91
$15.79
50-Day Range
$11.69
$16.41
52-Week Range
$11.16
$49.21
Volume
1.71 million shs
Average Volume
2.30 million shs
Market Capitalization
$1.56 billion
P/E Ratio
5.66
Dividend Yield
N/A
Price Target
$37.40

LendingClub MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
149.2% Upside
$37.40 Price Target
Short Interest
Bearish
7.80% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.07
Upright™ Environmental Score
News Sentiment
-0.15mentions of LendingClub in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$498,139 Sold Last Quarter
Proj. Earnings Growth
12.00%
From $1.50 to $1.68 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Finance Sector

332nd out of 920 stocks

Personal Credit Institutions Industry

4th out of 14 stocks

LC stock logo

About LendingClub (NYSE:LC) Stock

LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans. It also operates an online lending marketplace platform that connects borrowers and investors. LendingClub Corporation was incorporated in 2006 and is headquartered in San Francisco, California.

LendingClub Price Performance

LendingClub stock traded down $0.22 during midday trading on Thursday, reaching $15.01. The company's stock had a trading volume of 1,713,439 shares, compared to its average volume of 2,304,631. The firm has a market capitalization of $1.56 billion, a PE ratio of 5.66 and a beta of 2.01. The stock's 50 day simple moving average is $13.60 and its 200 day simple moving average is $15.02. LendingClub has a fifty-two week low of $11.16 and a fifty-two week high of $49.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.08 and a current ratio of 1.12.

LendingClub (NYSE:LC - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The credit services provider reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.05. LendingClub had a return on equity of 27.96% and a net margin of 24.75%. The firm had revenue of $330.10 million during the quarter, compared to the consensus estimate of $298.97 million. During the same period in the prior year, the business earned $0.09 EPS. The firm's revenue was up 61.5% on a year-over-year basis. On average, equities research analysts forecast that LendingClub will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LC shares. Wedbush raised their price target on shares of LendingClub to $20.00 in a research note on Tuesday, July 26th. Credit Suisse Group decreased their price objective on shares of LendingClub from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, July 28th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.40.

Insiders Place Their Bets

In related news, SVP Fergal Stack sold 5,405 shares of the firm's stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $14.06, for a total value of $75,994.30. Following the completion of the sale, the senior vice president now directly owns 127,500 shares in the company, valued at approximately $1,792,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Fergal Stack sold 5,405 shares of the business's stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $14.06, for a total transaction of $75,994.30. Following the completion of the sale, the senior vice president now directly owns 127,500 shares of the company's stock, valued at $1,792,650. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Valerie Kay sold 22,996 shares of the business's stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $14.06, for a total transaction of $323,323.76. Following the completion of the transaction, the insider now owns 139,379 shares in the company, valued at $1,959,668.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,035 shares of company stock valued at $498,139. 3.22% of the stock is currently owned by corporate insiders.

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LC Stock News Headlines

Brokerages Set LendingClub Co. (NYSE:LC) Price Target at $37.40
LendingClub Announces Two New Board Directors
Bear of the Day: LendingClub (LC)
LendingClub Co. (NYSE:LC) Insider Sells $30,405.00 in Stock
See More Headlines
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LC Company Calendar

Last Earnings
7/27/2022
Today
8/11/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Personal credit institutions
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
1,384
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$37.40
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+149.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$18.58 million
Pretax Margin
13.71%

Debt

Sales & Book Value

Annual Sales
$818.63 million
Cash Flow
$1.34 per share
Book Value
$10.41 per share

Miscellaneous

Free Float
100,317,000
Market Cap
$1.56 billion
Optionable
Optionable
Beta
2.01

Key Executives














LC Stock - Frequently Asked Questions

Should I buy or sell LendingClub stock right now?

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.

What is LendingClub's stock price forecast for 2022?

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.

How have LC shares performed in 2022?

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
.

Are investors shorting LendingClub?

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
.

When is LendingClub's next earnings date?

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

How were LendingClub's earnings last quarter?

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.

When did LendingClub's stock split?

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.

What guidance has LendingClub issued on next quarter's earnings?

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.

What is Scott Sanborn's approval rating as LendingClub's CEO?

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.

What other stocks do shareholders of LendingClub own?

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).

When did LendingClub IPO?

(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.

What is LendingClub's stock symbol?

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

Who are LendingClub's major shareholders?

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
.

How do I buy shares of LendingClub?

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.

What is LendingClub's stock price today?

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

How much money does LendingClub make?

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.

How many employees does LendingClub have?

The company employs 1,384 workers across the globe.

How can I contact LendingClub?

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.

This page (NYSE:LC) was last updated on 8/12/2022 by MarketBeat.com Staff

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