LendingClub - LC Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" LC shares. 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.
View LC analyst ratings or view top-rated stocks.

3 equities research analysts have issued 1-year price objectives for LendingClub's stock. Their LC share price forecasts range from $10.00 to $20.00. On average, they predict the company's stock price to reach $16.25 in the next year. This suggests a possible upside of 65.8% from the stock's current price.
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LendingClub's stock was trading at $8.80 at the start of the year. Since then, LC stock has increased by 11.4% and is now trading at $9.80.
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LendingClub saw a decline in short interest in January. As of January 15th, there was short interest totaling 4,500,000 shares, a decline of 12.3% from the December 31st total of 5,130,000 shares. Based on an average daily trading volume, of 1,720,000 shares, the short-interest ratio is presently 2.6 days.
View LendingClub's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our LC earnings forecast.

LendingClub Co. (NYSE:LC) issued its earnings results on Wednesday, January, 25th. The credit services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by $0.01. The credit services provider earned $262.70 million during the quarter, compared to analyst estimates of $258.37 million. LendingClub had a trailing twelve-month return on equity of 14.20% and a net margin of 24.40%. The company's revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 earnings per share.

Shares of LendingClub 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 stock prior to the reverse split would have 20 shares after the split.

LendingClub issued an update on its fourth quarter 2022 earnings guidance on Thursday, January, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $260.00 million-$263.00 million, compared to the consensus revenue estimate of $261.65 million.

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.

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 initial public offering (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 investors include Grassi Investment Management (0.11%), SummerHaven Investment Management LLC (0.06%), Strs Ohio (0.02%), Miracle Mile Advisors LLC (0.02%) and Allspring Global Investments Holdings LLC (0.02%). Insiders that own company stock include Allan R Landon, Andrew Labenne, Annie Armstrong, Bahman Koohestani, Fergal Stack, Michael P Zeisser, Michael P Zeisser, Ronnie Momen, Scott Sanborn, Susan C Athey, Thomas W Casey and Valerie Kay.
View institutional ownership trends.

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.
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One share of LC stock can currently be purchased for approximately $9.80.

LendingClub (NYSE:LC) has a market capitalization of $1.03 billion and generates $1.19 billion in revenue each year. The credit services provider earns $18.58 million in net income (profit) each year or $2.75 on an earnings per share basis.

The company employs 1,384 workers across the globe.

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.