LendingClub Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LendingClub stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LC, but not buy additional shares or sell existing shares.
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LendingClub is scheduled to release its next quarterly earnings announcement on Wednesday, April 28th 2021.
View our earnings forecast for LendingClub.

LendingClub will be holding an earnings conference call on Wednesday, April 28th 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 Co. (NYSE:LC) released its quarterly earnings results on Tuesday, March, 9th. The credit services provider reported ($0.24) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.35) by $0.11. The credit services provider earned $75.90 million during the quarter, compared to analyst estimates of $77.62 million. LendingClub had a negative net margin of 37.60% and a negative trailing twelve-month return on equity of 13.79%. LendingClub's quarterly revenue was down 59.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 earnings per share.
View LendingClub's earnings history.

LendingClub's stock was trading at $9.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LC shares have increased by 67.6% and is now trading at $15.77.
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LendingClub shares reverse split 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 updated its first quarter 2021 After-Hours earnings guidance on Wednesday, March, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $87-95 million, compared to the consensus revenue estimate of $87.57 million.

7 brokers have issued 1-year target prices for LendingClub's stock. Their forecasts range from $6.00 to $20.50. On average, they anticipate LendingClub's stock price to reach $10.80 in the next year. This suggests that the stock has a possible downside of 31.5%.
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269 employees have rated LendingClub CEO Scott Sanborn on Glassdoor.com. Scott Sanborn has an approval rating of 64% among LendingClub's employees.

Some companies that are related to LendingClub include Open Lending (LPRO), Nelnet (NNI), Enova International (ENVA), Oaktree Specialty Lending (OCSL), World Acceptance (WRLD), Provident Financial (FPLPY), Atlanticus (ATLC), Regional Management (RM) and Mr. Amazing Loans (MRAL).
View all of LC's competitors.

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 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.

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

Shares of LC 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.
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One share of LC stock can currently be purchased for approximately $15.77.

LendingClub has a market capitalization of $1.48 billion and generates $758.61 million in revenue each year. The credit services provider earns $-30,750,000.00 in net income (profit) each year or $0.02 on an earnings per share basis.

LendingClub employs 1,073 workers across the globe.

The official website for LendingClub is www.lendingclub.com.

LendingClub is headquartered at 595 MARKET STREET SUITE 200, SAN FRANCISCO CA, 94105.

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]