LendingClub - LC Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LC shares.
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6 Wall Street research analysts have issued 12-month price targets for LendingClub's shares. Their LC share price forecasts range from $20.00 to $60.00. On average, they anticipate the company's stock price to reach $37.40 in the next year. This suggests a possible upside of 240.3% from the stock's current price.
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LendingClub's stock was trading at $24.18 at the start of the year. Since then, LC stock has decreased by 54.5% and is now trading at $10.99.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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LendingClub Co. (NYSE:LC) issued its quarterly earnings results on Wednesday, July, 27th. The credit services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.04. The credit services provider earned $330.10 million during the quarter, compared to the consensus estimate of $298.97 million. LendingClub had a trailing twelve-month return on equity of 27.96% and a net margin of 24.75%. The company's revenue for the quarter was up 61.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 earnings per share.

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 market closes 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 updated its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $280.00 million-$300.00 million, compared to the consensus revenue estimate of $307.26 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 acted 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."

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 $10.99.

LendingClub (NYSE:LC) has a market capitalization of $1.14 billion and generates $818.63 million in revenue each year. The credit services provider earns $18.58 million in net income (profit) each year or $2.65 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.