LendingClub Corporation operates an online lending marketplace platform that connects borrowers and investors in the United States. The company's marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient installment loans, auto refinance loans, and small business loans. It also enables investors to invest in a range of loans based on term and credit. The company 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
Phone415-632-5600
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$694.81 million
Profitability
Miscellaneous
Employees1,768
Next Earnings Date8/6/2019 (Estimated)
OptionableOptionable
LendingClub (NYSE:LC) Frequently Asked Questions
What is LendingClub's stock symbol?
LendingClub trades on the New York Stock Exchange (NYSE) under the ticker symbol "LC."
How were LendingClub's earnings last quarter?
LendingClub Corp (NYSE:LC) released its earnings results on Tuesday, May, 7th. The credit services provider reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.03). The credit services provider had revenue of $174.40 million for the quarter, compared to the consensus estimate of $170.45 million. LendingClub had a negative net margin of 16.31% and a negative return on equity of 3.19%. The company's revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 EPS. View LendingClub's Earnings History.
When is LendingClub's next earnings date?
What guidance has LendingClub issued on next quarter's earnings?
LendingClub issued an update on its FY19 earnings guidance on Tuesday, May, 7th. The company provided earnings per share (EPS) guidance of ($0.07-0.02) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.05). The company issued revenue guidance of $765-795, compared to the consensus revenue estimate of $780.34 million.LendingClub also updated its FY 2019 guidance to EPS.
What price target have analysts set for LC?
5 analysts have issued 1 year target prices for LendingClub's shares. Their forecasts range from $4.25 to $6.50. On average, they expect LendingClub's stock price to reach $5.05 in the next twelve months. This suggests a possible upside of 53.5% from the stock's current price. View Analyst Price Targets for LendingClub.
What is the consensus analysts' recommendation for LendingClub?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for LendingClub.
What are Wall Street analysts saying about LendingClub stock?
Here are some recent quotes from research analysts about LendingClub 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. " (5/14/2019)
- 2. Maxim Group analysts commented, "LC reported strong 4Q18 results, above or inline with guidance and consensus." (2/20/2019)
Has LendingClub been receiving favorable news coverage?
News stories about LC stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. LendingClub earned a media sentiment score of 1.9 on InfoTrie's scale. They also assigned news articles about the credit services provider a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are some of LendingClub's key competitors?
Some companies that are related to LendingClub include GrubHub (GRUB), athenahealth (ATHN), MAXIMUS (MMS), Healthequity (HQY), TriNet Group (TNET), Ritchie Bros. Auctioneers (RBA), Envestnet (ENV), WNS (WNS), HMS (HMSY), EVO Payments (EVOP), ExlService (EXLS), GreenSky (GSKY), Wageworks (WAGE), Conduent (CNDT) and Sothebys (BID).
What other stocks do shareholders of LendingClub own?
Who are LendingClub's key executives?
LendingClub's management team includes the folowing people:
- Mr. Scott C. Sanborn, CEO & Director (Age 50)
- Mr. Steve Allocca, Pres (Age 46)
- Mr. Thomas W. Casey, Chief Financial Officer (Age 56)
- Mr. Timothy Bogan, Chief Risk Officer (Age 53)
- Mr. Fergal Stack, Principal Accounting Officer & Corp. Controller
When did LendingClub IPO?
(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.
Who are LendingClub's major shareholders?
LendingClub's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.60%), ARK Investment Management LLC (4.97%), Nikko Asset Management Americas Inc. (4.38%), Sumitomo Mitsui Trust Holdings Inc. (4.38%), Dimensional Fund Advisors LP (3.13%) and Morgan Stanley (3.07%). Company insiders that own LendingClub stock include Bahman Koohestani, Bradley Coleman, Daniel T Ciporin, John J Mack, Kenneth D Denman, Mary G Meeker, Russell S Elmer, Sameer Gulati, Sandeep Bhandari, Scott Sanborn, Simon Williams, Steven Allocca, Thomas W Casey, Tian Qiao Chen, Timothy Bogan and Valerie Kay. View Institutional Ownership Trends for LendingClub.
Which major investors are selling LendingClub stock?
LC stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Hsbc Holdings PLC, BlackRock Inc., Jane Street Group LLC, Migdal Insurance & Financial Holdings Ltd. and FMR LLC. Company insiders that have sold LendingClub company stock in the last year include Bahman Koohestani, Mary G Meeker, Simon Williams, Timothy Bogan and Valerie Kay. View Insider Buying and Selling for LendingClub.
Which major investors are buying LendingClub stock?
LC stock was bought by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Goldman Sachs Group Inc., Geode Capital Management LLC, Dimensional Fund Advisors LP, Jacobs Levy Equity Management Inc., American International Group Inc., Spark Investment Management LLC and Marshall Wace LLP. Company insiders that have bought LendingClub stock in the last two years include Daniel T Ciporin, John J Mack, Kenneth D Denman, Thomas W Casey and Tian Qiao Chen. View Insider Buying and Selling for LendingClub.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is LendingClub's stock price today?
One share of LC stock can currently be purchased for approximately $3.29.
How big of a company is LendingClub?
LendingClub has a market capitalization of $1.42 billion and generates $694.81 million in revenue each year. The credit services provider earns $-128,300,000.00 in net income (profit) each year or ($0.07) on an earnings per share basis. LendingClub employs 1,768 workers across the globe.
What is LendingClub's official website?
How can I contact LendingClub?
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]
MarketBeat Community Rating for LendingClub (NYSE LC)
MarketBeat's community ratings are surveys of what our community members think about LendingClub 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.
