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 Ratio2.98
Current Ratio6.28
Quick Ratio5.88
Price-To-Earnings
Trailing P/E Ratio-23.41
Forward P/E Ratio-38.80
P/E GrowthN/A
Sales & Book Value
Annual Sales$574.54 million
Price / Sales2.83
Cash FlowN/A
Price / CashN/A
Book Value$2.24 per share
Price / Book1.73
Profitability
EPS (Most Recent Fiscal Year)($0.17)
Net Income$-153,830,000.00
Net Margins-25.79%
Return on Equity-5.62%
Return on Assets-1.15%
Miscellaneous
Employees1,837
Outstanding Shares419,660,000
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) posted its quarterly earnings results on Tuesday, May, 8th. The credit services provider reported $0.01 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.01) by $0.02. The credit services provider had revenue of $151.70 million for the quarter, compared to the consensus estimate of $150.62 million. LendingClub had a negative net margin of 25.79% and a negative return on equity of 5.62%. The business's revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.02) earnings per share. View LendingClub's Earnings History.
When is LendingClub's next earnings date?
What price target have analysts set for LC?
15 brokers have issued 1 year price targets for LendingClub's shares. Their forecasts range from $4.00 to $9.00. On average, they anticipate LendingClub's stock price to reach $5.6923 in the next year. 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. BTIG Research analysts commented, "Stale? Case Likely to Be Settled; Reiterating Buy Shares of LendingClub Corporation (LC) came under pressure this afternoon after the U.S. Federal Trade Commission (FTC) filed a complaint (https://www.ftc.gov/system/files/documents/cases/lending_club_complai nt.pdf in which it stated that LC had misled consumers by charging hidden up-front fees on loans after promising that none existed. The FTC also stated in its complaint that the company had continued to charge borrowers after they had paid off their loans, that it had stated that loans had been fully backed by investors when they had not been, and that it had failed to provide required privacy notices to customers or to receive related acknowledgements from them." (4/29/2018)
- 2. Maxim Group analysts commented, "Yesterday afternoon, there was news that the Federal Trade Commission (FTC) brought an action against LC following an inquiry that began in May 2016 (when LC’s former CEO resigned due to management integrity issues). The stock closed down 15%." (4/26/2018)
- 3. 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)
Are investors shorting LendingClub?
LendingClub saw a increase in short interest during the month of May. As of May 31st, there was short interest totalling 30,265,322 shares, an increase of 12.0% from the May 15th total of 27,014,253 shares. Based on an average trading volume of 3,106,354 shares, the short-interest ratio is currently 9.7 days. Currently, 7.9% of the shares of the stock are sold short.
Who are some of LendingClub's key competitors?
Some companies that are related to LendingClub include athenahealth (ATHN), Fair Isaac (FICO), Etsy (ETSY), Stamps.com (STMP), Healthequity (HQY), GreenSky (GSKY), Conduent (CNDT), MAXIMUS (MMS), TriNet Group (TNET), Ritchie Bros. Auctioneers (RBA), Cotiviti (COTV), Sothebys (BID), WNS (WNS), Envestnet (ENV) and CAPITA Grp/ADR (CTAGY).
Who are LendingClub's key executives?
LendingClub's management team includes the folowing people:
- Mr. Scott C. Sanborn, CEO & Director (Age 49)
- Mr. Steve Allocca, Pres (Age 45)
- Mr. Thomas W. Casey, Chief Financial Officer (Age 55)
- Mr. Sameer Gulati, Chief Operations Officer (Age 40)
- Mr. Timothy Bogan, Chief Risk Officer (Age 52)
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.
Has LendingClub been receiving favorable news coverage?
Media stories about LC stock have been trending somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. LendingClub earned a news sentiment score of 0.06 on Accern's scale. They also assigned news articles about the credit services provider an impact score of 46.47 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are LendingClub's major shareholders?
LendingClub's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.30%), Sumitomo Mitsui Trust Holdings Inc. (4.38%), Dimensional Fund Advisors LP (2.53%), Northern Trust Corp (0.96%), HarbourVest Partners LLC (0.59%) and JPMorgan Chase & Co. (0.47%). Company insiders that own LendingClub 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 LendingClub.
Which institutional investors are selling LendingClub stock?
LC stock was sold by a variety of institutional investors in the last quarter, including Sei Investments Co., Northern Trust Corp, River & Mercantile Asset Management LLP, Teacher Retirement System of Texas, SG Americas Securities LLC, MetLife Investment Advisors LLC and California State Teachers Retirement System. Company insiders that have sold LendingClub company stock in the last year include Russell S Elmer, Sameer Gulati, Sandeep Bhandari, Scott Sanborn, Simon Williams, Steven Allocca, Thomas W Casey and Timothy Bogan. View Insider Buying and Selling for LendingClub.
Which institutional investors are buying LendingClub stock?
LC stock was purchased by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Dimensional Fund Advisors LP, JPMorgan Chase & Co., Hsbc Holdings PLC, BNP Paribas Arbitrage SA, Brighton Jones LLC, HarbourVest Partners LLC and GSA Capital Partners 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 $3.88.
How big of a company is LendingClub?
LendingClub has a market capitalization of $1.64 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. LendingClub employs 1,837 workers across the globe.
How can I contact LendingClub?
LendingClub'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 LendingClub (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.
