NYSE:LCLendingClub Stock Price, Forecast & News

LendingClub's stock was trading at $9.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, LC shares have decreased by 42.9% and is now trading at $5.37. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for LendingClub.

LendingClub is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for LendingClub.

LendingClub Corp (NYSE:LC) issued its quarterly earnings results on Tuesday, May, 5th. The credit services provider reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by $0.40. The credit services provider earned $120.20 million during the quarter, compared to analysts' expectations of $174.66 million. LendingClub had a negative return on equity of 2.94% and a negative net margin of 8.36%. The company's revenue was down 31.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.13) EPS. View LendingClub's earnings history.

LendingClub shares 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.

6 brokers have issued 1 year target prices for LendingClub's stock. Their forecasts range from $6.00 to $23.00. On average, they expect LendingClub's share price to reach $13.17 in the next year. This suggests a possible upside of 145.2% from the stock's current price. View analysts' price targets for LendingClub.

News stories about LC stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog 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 0.7 on InfoTrie's scale. They also assigned media stories about the credit services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutLendingClub.

LendingClub saw a increase in short interest in April. As of April 15th, there was short interest totaling 6,060,000 shares, an increase of 12.0% from the March 31st total of 5,410,000 shares. Based on an average trading volume of 917,600 shares, the days-to-cover ratio is presently 6.6 days. Approximately 9.4% of the company's shares are sold short. View LendingClub's Current Options Chain.

Some companies that are related to LendingClub include Oaktree Specialty Lending (OCSL), PROVIDENT FINL/S (FPLPY), World Acceptance (WRLD), Enova International (ENVA), Atlanticus (ATLC), Regional Management (RM) and Mr. Amazing Loans (MRAL). View all competitors.

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), Alibaba Group (BABA), Micron Technology (MU), Ford Motor (F), Novavax (NVAX), Gilead Sciences (GILD) and AT&T (T).

(LC) raised $635 million in an initial public offering 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 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."

LendingClub's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Nikko Asset Management Americas Inc. (9.18%), Sumitomo Mitsui Trust Holdings Inc. (9.18%), Nikko Asset Management Americas Inc. (9.18%), Morgan Stanley (8.34%), Morgan Stanley (8.34%) and BlackRock Inc. (8.06%). 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, Timothy Bogan and Valerie Kay. View institutional ownership trends for LendingClub.

LC stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, BlackRock Inc., American International Group Inc., Meitav Dash Investments Ltd., AQR Capital Management LLC, and Legal & General Group Plc. Company insiders that have sold LendingClub company stock in the last year include Kenneth D Denman, Susan C Athey, Timothy Bogan, and Valerie Kay. View insider buying and selling activity for LendingClub.

LC stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Nikko Asset Management Americas Inc., Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., JPMorgan Chase & Co., Tiedemann Advisors LLC, and Russell Investments Group Ltd.. Company insiders that have bought LendingClub stock in the last two years include Steven Allocca, and Thomas W Casey. View insider buying and selling activity for 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.

One share of LC stock can currently be purchased for approximately $5.37.

LendingClub has a market capitalization of $375.20 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.

The official website for LendingClub is www.lendingclub.com.

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]