About Lending Club (NYSE:LC)
LendingClub Corporation operates an online marketplace platform that connects borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient finance loans, auto refinance loans, and unsecured small business loans. The company also provides an opportunity to the investors to invest in a range of loans based on term and credit. LendingClub Corporation was founded in 2006 and is headquartered in San Francisco, California.
Industry, Sector and Symbol
Industry Business services, not elsewhere classified
Sub-IndustryN/A
SectorFinance
SymbolNYSE:LC
CUSIPN/A
Phone415-632-5600
Debt
Debt-to-Equity Ratio3.22%
Current Ratio5.79%
Quick Ratio5.47%
Price-To-Earnings
Trailing P/E Ratio-19.47
Forward P/E Ratio-41.38
P/E GrowthN/A
Sales & Book Value
Annual Sales$574.54 million
Price / Sales2.42
Cash FlowN/A
Price / CashN/A
Book Value$2.24 per share
Price / Book1.48
Profitability
EPS (Most Recent Fiscal Year)($0.17)
Net Income$-153,830,000.00
Net Margins-26.77%
Return on Equity-7.10%
Return on Assets-1.40%
Miscellaneous
Employees1,837
Outstanding Shares419,610,000
Lending Club (NYSE:LC) Frequently Asked Questions
What is Lending Club's stock symbol?
Lending Club trades on the New York Stock Exchange (NYSE) under the ticker symbol "LC."
How were Lending Club's earnings last quarter?
Lending Club (NYSE:LC) released its quarterly earnings data on Tuesday, February, 20th. The credit services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. The credit services provider earned $156.50 million during the quarter, compared to analyst estimates of $157.55 million. Lending Club had a negative net margin of 26.77% and a negative return on equity of 7.10%. The business's revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.02) EPS. View Lending Club's Earnings History.
When is Lending Club's next earnings date?
What price target have analysts set for LC?
16 equities research analysts have issued 12 month target prices for Lending Club's stock. Their forecasts range from $4.00 to $9.00. On average, they anticipate Lending Club's stock price to reach $6.0357 in the next twelve months. View Analyst Ratings for Lending Club.
What are Wall Street analysts saying about Lending Club stock?
Here are some recent quotes from research analysts about Lending Club 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. " (3/13/2018)
- 2. Maxim Group analysts commented, "LC reports 4Q17 earnings after the close on Tuesday, February 20th. We expect results to be in the range of consensus (adjusted EBITDA of $17.8M) and our estimate (adjusted EBITDA of $18.5M), which would be consistent with management guidance delivered at LC’s Investor Day on December 7, 2017." (2/20/2018)
Who are some of Lending Club's key competitors?
Some companies that are related to Lending Club include Envestnet (ENV), WNS Global Services (WNS), EXL (EXLS), WageWorks (WAGE), HMS (HMSY), Emerald Expositions (EEX), McGrath RentCorp (MGRC), Capita (CTAGY), comScore (SCOR), Cardtronics (CATM), Viad (VVI), CBIZ (CBZ), Radware (RDWR), Tabula Rasa HealthCare (TRHC), eXp World (EXPI), Qiwi (QIWI), Cass Information Systems (CASS) and B. Riley Financial (RILY).
Who are Lending Club's key executives?
Lending Club's management team includes the folowing people:
- Mr. Scott C. Sanborn, Chief Exec. Officer (Age 49)
- Mr. Thomas W. Casey, Chief Financial Officer (Age 55)
- Mr. Sameer Gulati, Chief Operating Officer (Age 40)
- Mr. Bradley Coleman, Exec. Officer (Age 48)
- Mr. Timothy Bogan, Chief Risk Officer (Age 52)
When did Lending Club IPO?
(LC) raised $635 million in an initial public offering 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.
Has Lending Club been receiving favorable news coverage?
Headlines about LC stock have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lending Club earned a media sentiment score of 0.10 on Accern's scale. They also assigned news stories about the credit services provider an impact score of 45.81 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are Lending Club's major shareholders?
Lending Club's stock is owned by a variety of of institutional and retail investors. Top institutional investors include
SHANDA MEDIA LTD
(23.40%) and
SHANDA MEDIA LTD
(23.40%). Company insiders that own Lending Club stock include Bradley Coleman, Daniel T Ciporin, John J Mack, John Macilwaine, Kenneth D Denman, Russell S Elmer, Sameer Gulati, Sandeep Bhandari, Scott Sanborn, Simon Williams, Steven Allocca, Thomas W Casey, Tian Qiao Chen, Timothy Bogan and Vii Lp Canaan. View Institutional Ownership Trends for Lending Club.
How do I buy shares of Lending Club?
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, Scottrade, Fidelity and Charles Schwab.
What is Lending Club's stock price today?
One share of LC stock can currently be purchased for approximately $3.31.
How big of a company is Lending Club?
Lending Club has a market capitalization of $1.39 billion and generates $574.54 million in revenue each year. The credit services provider earns $-153,830,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis. Lending Club employs 1,837 workers across the globe.
How can I contact Lending Club?
Lending Club's mailing address is 71 STEVENSON STREET SUITE 1000, 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 Lending Club (LC)
MarketBeat's community ratings are surveys of what our community members think about Lending Club 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.
Lending Club (NYSE:LC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
16 Wall Street analysts have issued ratings and price targets for Lending Club in the last 12 months. Their average twelve-month price target is $6.0357, suggesting that the stock has a possible upside of 82.35%. The high price target for LC is $9.00 and the low price target for LC is $4.00. There are currently 8 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.50 | 2.56 | 2.63 | 2.47 |
| Ratings Breakdown: | 0 Sell Rating(s)
8 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
9 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $6.0357 | $6.1923 | $6.5385 | $6.8167 |
| Price Target Upside: | 82.35% upside | 65.13% upside | 86.28% upside | 11.93% upside |
Lending Club (NYSE:LC) Consensus Price Target History
Lending Club (NYSE:LC) Analyst Ratings History
Show:
(Data available from 4/23/2016 forward)
Lending Club (NYSE:LC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Lending Club (NYSE LC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 9.72%
Institutional Ownership Percentage: 89.28%
Lending Club (NYSE LC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/1/2018 | Tian Qiao Chen | Major Shareholder | Buy | 7,696,016 | $3.57 | $27,474,777.12 | |  |
| 2/28/2018 | Kenneth D Denman | Director | Buy | 30,000 | $3.16 | $94,800.00 | 30,000 | |
| 2/22/2018 | John J Mack | Director | Buy | 50,000 | $3.83 | $191,500.00 | 1,563,673 | |
| 12/12/2017 | Tian Qiao Chen | Major Shareholder | Buy | 21,927,175 | $3.90 | $85,515,982.50 | | |
| 12/7/2017 | Tian Qiao Chen | Major Shareholder | Buy | 4,000,000 | $3.80 | $15,200,000.00 | | |
| 11/14/2017 | Thomas W. Casey | CFO | Buy | 10,000 | $4.17 | $41,700.00 | | |
| 11/13/2017 | John J Mack | Director | Buy | 20,000 | $4.28 | $85,600.00 | 1,513,673 | |
| 11/13/2017 | Scott Sanborn | CEO | Sell | 47,273 | $4.23 | $199,964.79 | 1,034,734 | |
| 10/26/2017 | Sameer Gulati | COO | Sell | 8,351 | $5.64 | $47,099.64 | 296,221 | |
| 10/4/2017 | Timothy Bogan | Insider | Sell | 25,000 | $6.50 | $162,500.00 | | |
| 9/26/2017 | Sameer Gulati | COO | Sell | 8,141 | $6.02 | $49,008.82 | 288,637 | |
| 8/29/2017 | Sandeep Bhandari | Insider | Sell | 16,028 | $6.07 | $97,289.96 | 80,093 | |
| 8/28/2017 | Russell S Elmer | General Counsel | Sell | 15,544 | $6.08 | $94,507.52 | 117,687 | |
| 8/28/2017 | Sameer Gulati | COO | Sell | 17,366 | $6.09 | $105,758.94 | 273,077 | |
| 8/28/2017 | Scott Sanborn | CEO | Sell | 18,150 | $6.08 | $110,352.00 | 958,074 | |
| 8/28/2017 | Steven Allocca | President | Sell | 35,378 | $6.09 | $215,452.02 | 67,084 | |
| 8/28/2017 | Thomas W Casey | CFO | Sell | 7,287 | $6.08 | $44,304.96 | 39,758 | |
| 8/28/2017 | Timothy Bogan | Insider | Sell | 15,204 | $6.09 | $92,592.36 | 120,946 | |
| 8/17/2017 | Daniel T Ciporin | Director | Buy | 10,000 | $5.92 | $59,200.00 | 1,014,809 | |
| 8/14/2017 | Scott Sanborn | CEO | Sell | 46,667 | $5.77 | $269,268.59 | 970,337 | |
| 8/11/2017 | John J Mack | Director | Buy | 10,000 | $5.90 | $59,000.00 | 1,493,673 | |
| 7/26/2017 | Sameer Gulati | COO | Sell | 8,305 | $5.08 | $42,189.40 | 265,657 | |
| 6/26/2017 | Sameer Gulati | COO | Sell | 8,170 | $5.70 | $46,569.00 | 258,102 | |
| 5/30/2017 | Sandeep Bhandari | Insider | Sell | 3,466 | $5.62 | $19,478.92 | 65,658 | |
| 5/26/2017 | Bradley Coleman | Insider | Sell | 29,906 | $5.71 | $170,763.26 | 76,876 | |
| 5/26/2017 | Russell S Elmer | General Counsel | Sell | 15,445 | $5.70 | $88,036.50 | 92,215 | |
| 5/26/2017 | Sameer Gulati | COO | Sell | 125,555 | $5.64 | $708,130.20 | 121,898 | |
| 5/26/2017 | Scott Sanborn | CEO | Sell | 18,028 | $5.70 | $102,759.60 | 899,334 | |
| 5/26/2017 | Thomas W Casey | CFO | Sell | 5,254 | $5.65 | $29,685.10 | 31,203 | |
| 5/24/2017 | Sandeep Bhandari | Insider | Sell | 69,050 | $5.87 | $405,323.50 | 47,737 | |
| 5/15/2017 | Scott Sanborn | CEO | Sell | 45,970 | $5.89 | $270,763.30 | 910,901 | |
| 5/12/2017 | Timothy Bogan | Insider | Sell | 54,090 | $5.84 | $315,885.60 | 160,739 | |
| 5/10/2017 | Simon Williams | Director | Sell | 80,000 | $5.98 | $478,400.00 | 161,053 | |
| 4/26/2017 | Sameer Gulati | COO | Sell | 5,857 | $5.95 | $34,849.15 | 112,031 | |
| 3/27/2017 | Sameer Gulati | COO | Sell | 5,875 | $5.23 | $30,726.25 | 102,181 | |
| 2/27/2017 | Sameer Gulati | COO | Sell | 5,693 | $5.66 | $32,222.38 | 92,149 | |
| 2/27/2017 | Sandeep Bhandari | Insider | Sell | 8,898 | $5.66 | $50,362.68 | 49,959 | |
| 2/27/2017 | Thomas W Casey | CFO | Sell | 4,942 | $5.65 | $27,922.30 | 22,335 | |
| 2/13/2017 | Scott Sanborn | CEO | Sell | 33,669 | $6.74 | $226,929.06 | 1,977,793 | |
| 1/26/2017 | Sameer Gulati | COO | Sell | 6,921 | $6.07 | $42,010.47 | 934,260 | |
| 1/18/2017 | John Macilwaine | Insider | Sell | 25,000 | $5.48 | $137,000.00 | 411,470 | |
| 1/17/2017 | John Macilwaine | Insider | Sell | 25,000 | $5.49 | $137,250.00 | 411,470 | |
| 12/27/2016 | Sameer Gulati | COO | Sell | 5,610 | $5.49 | $30,798.90 | 941,181 | |
| 12/16/2016 | Bradley Coleman | Insider | Sell | 22,028 | $5.32 | $117,188.96 | 435,118 | |
| 11/29/2016 | Vii Lp Canaan | Director | Sell | 933,675 | $5.67 | $5,293,937.25 | | |
| 11/28/2016 | Bradley Coleman | Insider | Sell | 8,546 | $5.81 | $49,652.26 | 457,146 | |
| 11/28/2016 | Sameer Gulati | COO | Sell | 6,047 | $5.81 | $35,133.07 | 946,791 | |
| 11/28/2016 | Thomas W Casey | CFO | Sell | 5,283 | $5.84 | $30,852.72 | 215,667 | |
| 11/14/2016 | Scott Sanborn | CEO | Sell | 46,138 | $6.18 | $285,132.84 | | |
| 11/11/2016 | John Macilwaine | Insider | Sell | 50,000 | $5.74 | $287,000.00 | 409,308 | |
| 10/26/2016 | Sameer Gulati | COO | Sell | 5,854 | $4.95 | $28,977.30 | 952,838 | |
| 10/18/2016 | John Macilwaine | Insider | Sell | 50,000 | $5.01 | $250,500.00 | 409,308 | |
| 10/17/2016 | John Macilwaine | CTO | Sell | 25,000 | $5.09 | $127,250.00 | 409,308 | |
| 9/26/2016 | Sameer Gulati | Insider | Sell | 6,105 | $6.08 | $37,118.40 | 958,692 | |
| 8/29/2016 | Sandeep Bhandari | Insider | Sell | 9,771 | $5.55 | $54,229.05 | 219,600 | |
| 8/26/2016 | Bradley Coleman | Insider | Sell | 1,943 | $5.60 | $10,880.80 | 467,635 | |
| 8/26/2016 | Sameer Gulati | COO | Sell | 5,826 | $5.60 | $32,625.60 | 964,797 | |
| 7/26/2016 | Sameer Gulati | COO | Sell | 5,489 | $4.60 | $25,249.40 | 970,623 | |
| 6/27/2016 | Sameer Gulati | COO | Sell | 8,072 | $4.29 | $34,628.88 | 975,561 | |
| 6/17/2016 | Tian Qiao Chen | Major Shareholder | Buy | 24,299,900 | $4.01 | $97,442,599.00 | | |
| 6/16/2016 | Tian Qiao Chen | Major Shareholder | Buy | 4,391,440 | $4.65 | $20,420,196.00 | | |
| 2/16/2016 | John C Morris | Director | Buy | 10,000 | $8.04 | $80,400.00 | 34,217 | |
| 1/14/2016 | John Macilwaine | CTO | Sell | 25,000 | $9.11 | $227,750.00 | 14,106 | |
| 1/12/2016 | John Macilwaine | CTO | Sell | 25,000 | $9.33 | $233,250.00 | 14,106 | |
| 1/11/2016 | John Macilwaine | CTO | Sell | 12,500 | $9.28 | $116,000.00 | 14,106 | |
| 1/6/2016 | Scott Sanborn | insider | Sell | 70,000 | $10.30 | $721,000.00 | 667,165 | |
| 12/18/2015 | Chaomei Chen | insider | Sell | 75,000 | $11.59 | $869,250.00 | 616,620 | |
| 12/15/2015 | Lawrence Henry Summers | Director | Sell | 23,421 | $12.62 | $295,573.02 | 388,093 | |
| 12/7/2015 | Scott Sanborn | insider | Sell | 35,000 | $13.16 | $460,600.00 | 667,165 | |
| 11/30/2015 | Renaud Laplanche | CEO | Buy | 60,000 | $12.00 | $720,000.00 | 4,465,492 | |
| 11/16/2015 | Lawrence Henry Summers | Director | Sell | 23,421 | $12.61 | $295,338.81 | 411,514 | |
| 11/13/2015 | John Macilwaine | CTO | Sell | 25,000 | $13.32 | $333,000.00 | 14,106 | |
| 11/11/2015 | John Macilwaine | CTO | Sell | 25,000 | $14.10 | $352,500.00 | 14,106 | |
| 11/6/2015 | Scott Sanborn | insider | Sell | 35,000 | $14.41 | $504,350.00 | 666,544 | |
| 11/3/2015 | Carrie Dolan | CFO | Sell | 31,243 | $15.00 | $468,645.00 | 8,088 | |
| 10/15/2015 | Lawrence Henry Summers | Director | Sell | 23,421 | $14.53 | $340,307.13 | 454,535 | |
| 10/8/2015 | Chaomei Chen | insider | Sell | 75,000 | $14.63 | $1,097,250.00 | 616,620 | |
| 10/6/2015 | Scott Sanborn | insider | Sell | 35,000 | $13.84 | $484,400.00 | 666,544 | |
| 10/5/2015 | Lawrence Henry Summers | Director | Sell | 10,000 | $14.00 | $140,000.00 | 477,956 | |
| 9/30/2015 | Lawrence Henry Summers | Director | Sell | 23,421 | $13.29 | $311,265.09 | 487,956 | |
| 9/18/2015 | Chaomei Chen | insider | Sell | 75,000 | $13.53 | $1,014,750.00 | 616,620 | |
| 9/15/2015 | John Macilwaine | CTO | Sell | 25,000 | $12.71 | $317,750.00 | 13,588 | |
| 9/14/2015 | John Macilwaine | CTO | Sell | 12,500 | $12.52 | $156,500.00 | 13,588 | |
| 9/11/2015 | John Macilwaine | CTO | Sell | 25,000 | $12.43 | $310,750.00 | 13,588 | |
| 9/8/2015 | Scott Sanborn | insider | Sell | 35,000 | $12.36 | $432,600.00 | 666,544 | |
| 8/20/2015 | Renaud Laplanche | CEO | Buy | 50,000 | $12.55 | $627,500.00 | 4,465,492 | |
| 8/18/2015 | Chaomei Chen | insider | Sell | 75,000 | $13.31 | $998,250.00 | 616,620 | |
| 7/8/2015 | Chaomei Chen | Insider | Sell | 150,000 | $14.20 | $2,130,000.00 | | |
| 6/18/2015 | John Macilwaine | CTO | Sell | 7,000 | $17.01 | $119,070.00 | | |
| 6/9/2015 | Rebecca Lynn | Director | Sell | 450,000 | $16.91 | $7,609,500.00 | | |
| 12/16/2014 | Carrie Dolan | CFO | Buy | 7,500 | $15.00 | $112,500.00 | | |
| 12/16/2014 | John C Morris | Director | Buy | 12,500 | $15.00 | $187,500.00 | | |
| 12/16/2014 | John Macilwaine | CTO | Buy | 20,000 | $15.00 | $300,000.00 | | |
(Data available from 1/1/2013 forward)
Lending Club (NYSE LC) News Headlines
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Lending Club (NYSE:LC) SEC Filings
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Lending Club (NYSE:LC) Income Statement, Balance Sheet and Cash Flow Statement
Lending Club (NYSE LC) Stock Chart for Monday, April, 23, 2018
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