NYSE:LCLendingClub Stock Price, Forecast & News

LendingClub's stock was trading at $9.41 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LC stock has decreased by 37.7% and is now trading at $5.86.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for LendingClub.

LendingClub is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for LendingClub.

LendingClub Corp (NYSE:LC) issued its earnings results on Tuesday, August, 4th. The credit services provider reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.58) by $0.02. The credit services provider had revenue of $43.90 million for the quarter, compared to analyst estimates of $59.53 million. LendingClub had a negative net margin of 22.73% and a negative return on equity of 9.11%. The company's quarterly revenue was down 77.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) EPS.
View LendingClub's earnings history.

LendingClub's stock 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.

8 analysts have issued 12-month price targets for LendingClub's stock. Their forecasts range from $6.00 to $23.00. On average, they anticipate LendingClub's stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 104.8% from the stock's current price.
View analysts' price targets for LendingClub.

Headlines about LC stock have trended negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive 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 nearest to five being the most favorable. LendingClub earned a media sentiment score of -2.4 on InfoTrie's scale. They also assigned news articles about the credit services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future.
View the latest news about LendingClub.

LendingClub saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 7,020,000 shares, an increase of 15.8% from the April 30th total of 6,060,000 shares. Based on an average daily trading volume, of 1,180,000 shares, the short-interest ratio is currently 5.9 days. Currently, 11.2% of the shares of the company are sold short.
View LendingClub's Short Interest.

Some companies that are related to LendingClub include Oaktree Specialty Lending (OCSL), World Acceptance (WRLD), PROVIDENT FINL/S (FPLPY), Enova International (ENVA), Regional Management (RM), Atlanticus (ATLC) and Mr. Amazing Loans (MRAL).
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Based on aggregate information from My MarketBeat watchlists, some companies that other LendingClub investors own include Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Bank of America (BAC), NVIDIA (NVDA), General Electric (GE), Twitter (TWTR), Alibaba Group (BABA), Micron Technology (MU), Novavax (NVAX) and AT&T (T).

(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 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."

LendingClub's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (8.72%), Assenagon Asset Management S.A. (3.00%), Goldman Sachs Group Inc. (0.60%), Bank of New York Mellon Corp (0.38%), Russell Investments Group Ltd. (0.31%) and Tiedemann Advisors LLC (0.28%). Company insiders that own LendingClub stock include Bahman Koohestani, Kenneth D Denman, Mary G Meeker, Simon Williams, Steven Allocca, Susan C Athey, Thomas W Casey, 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 Sumitomo Mitsui Trust Holdings Inc., Bank of New York Mellon Corp, and Tiedemann Advisors LLC. Company insiders that have sold LendingClub company stock in the last year include Kenneth D Denman, Timothy Bogan, and Valerie Kay.
View insider buying and selling activity for LendingClub.

LC stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Goldman Sachs Group Inc., SG Americas Securities LLC, Brighton Jones LLC, Swiss National Bank, CSat Investment Advisory L.P., Russell Investments Group Ltd., and Meitav Dash Investments Ltd.. Company insiders that have bought LendingClub stock in the last two years include Steven Allocca, and Thomas W Casey.
View insider buying and selling activity 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 $5.86.

LendingClub has a market capitalization of $419.08 million 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 1,538 workers across the globe.

The official website for LendingClub is 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]