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NYSE:LC - LendingClub Stock Price, Forecast & News

$10.86
-0.27 (-2.43 %)
(As of 02/26/2020 11:33 AM ET)
Today's Range
$10.86
Now: $10.86
$11.23
50-Day Range
$11.13
MA: $12.37
$13.37
52-Week Range
$10.89
Now: $10.86
$18.85
Volume5,219 shs
Average Volume665,399 shs
Market Capitalization$965.56 million
P/E RatioN/A
Dividend YieldN/A
Beta1.51
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. Read More…

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone415-632-5600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$758.61 million
Cash Flow$0.64 per share
Book Value$10.13 per share

Profitability

Net Income$-30,750,000.00

Miscellaneous

Employees1,538
Market Cap$965.56 million
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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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."

When did LendingClub's stock split? How did LendingClub's stock split work?

Shares of LendingClub reverse split on the morning of 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.

How were LendingClub's earnings last quarter?

LendingClub Corp (NYSE:LC) released its quarterly earnings results on Tuesday, February, 18th. The credit services provider reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. The credit services provider earned $188.50 million during the quarter, compared to analysts' expectations of $198.84 million. LendingClub had a positive return on equity of 0.25% and a negative net margin of 4.05%. The company's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. View LendingClub's Earnings History.

When is LendingClub's next earnings date?

LendingClub is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for LendingClub.

What guidance has LendingClub issued on next quarter's earnings?

LendingClub updated its FY 2020 After-Hours earnings guidance on Tuesday, February, 18th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $790-820 million, compared to the consensus revenue estimate of $869.56 million.

What price target have analysts set for LC?

4 Wall Street analysts have issued 1 year target prices for LendingClub's shares. Their forecasts range from $17.00 to $25.00. On average, they anticipate LendingClub's stock price to reach $21.25 in the next year. This suggests a possible upside of 95.7% from the stock's current price. View Analyst Price Targets for LendingClub.

What is the consensus analysts' recommendation for LendingClub?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for LendingClub.

Has LendingClub been receiving favorable news coverage?

Media stories about LC stock have trended somewhat negative on Wednesday, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. LendingClub earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave media coverage about the credit services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for LendingClub.

Are investors shorting LendingClub?

LendingClub saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,840,000 shares, a drop of 7.0% from the January 15th total of 4,130,000 shares. Based on an average daily trading volume, of 523,300 shares, the days-to-cover ratio is currently 7.3 days. Currently, 4.7% of the shares of the stock are sold short. View LendingClub's Current Options Chain.

Who are some of LendingClub's key competitors?

What other stocks do shareholders of LendingClub own?

Based on aggregate information from My MarketBeat watchlists, some companies that other LendingClub investors own include Twitter (TWTR), Bank of America (BAC), NVIDIA (NVDA), General Electric (GE), Micron Technology (MU), Alibaba Group (BABA), Novavax (NVAX), Ford Motor (F), FireEye (FEYE) and On Deck Capital (ONDK).

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 $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.

Who are LendingClub's major shareholders?

LendingClub's stock is owned by a number of of retail and institutional investors. Top institutional investors include Nikko Asset Management Americas Inc. (6.64%), Sumitomo Mitsui Trust Holdings Inc. (6.64%), ARK Investment Management LLC (4.83%), Credit Suisse AG (4.08%), State Street Corp (1.57%) and Geode Capital Management LLC (1.17%). 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, 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 Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., SG Americas Securities LLC, Migdal Insurance & Financial Holdings Ltd., Spark Investment Management LLC, Bank of America Corp DE, AQR Capital Management LLC and Goldman Sachs Group Inc.. Company insiders that have sold LendingClub company stock in the last year include Bahman Koohestani, Kenneth D Denman, Mary G Meeker, Susan C Athey, Timothy Bogan and Valerie Kay. View Insider Buying and Selling for LendingClub.

Which major investors are buying LendingClub stock?

LC stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Jacobs Levy Equity Management Inc., ARK Investment Management LLC, State of New Jersey Common Pension Fund D, Ieq Capital LLC, Ieq Capital LLC, Landscape Capital Management L.L.C. and Jefferies Group LLC. Company insiders that have bought LendingClub stock in the last two years include Kenneth D Denman, Steven Allocca, 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, Robinhood, Fidelity and Charles Schwab.

What is LendingClub's stock price today?

One share of LC stock can currently be purchased for approximately $10.86.

How big of a company is LendingClub?

LendingClub has a market capitalization of $965.56 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.View Additional Information About LendingClub.

What is LendingClub's official website?

The official website for LendingClub is http://www.lendingclub.com/.

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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  522 (Vote Outperform)
Underperform Votes:  600 (Vote Underperform)
Total Votes:  1,122
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.
This page was last updated on 2/26/2020 by MarketBeat.com Staff

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