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NYSE:LC

LendingClub Stock Forecast, Price & News

$12.88
-0.10 (-0.77 %)
(As of 05/17/2021 12:00 AM ET)
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Today's Range
$12.72
$13.40
50-Day Range
$12.10
$16.85
52-Week Range
$4.32
$22.68
Volume1.76 million shs
Average Volume2.54 million shs
Market Capitalization$1.25 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.74
30 days | 90 days | 365 days | Advanced Chart
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LendingClub logo

About LendingClub

LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans. It also operates an online lending marketplace platform that connects borrowers and investors. The company was incorporated in 2006 and is headquartered in San Francisco, California.

Headlines

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Industry, Sector and Symbol

Industry Personal credit institutions
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone415-632-5600
Employees1,192
Year FoundedN/A

Sales & Book Value

Annual Sales$758.61 million
Cash Flow$0.79 per share
Book Value$10.21 per share

Profitability

Net Income$-30,750,000.00

Debt

Price-To-Earnings

Miscellaneous

Market Cap$1.25 billion
Next Earnings Date8/3/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.14 out of 5 stars

Finance Sector

943rd out of 1,930 stocks

Personal Credit Institutions Industry

10th out of 16 stocks

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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LendingClub (NYSE:LC) Frequently Asked Questions

Is LendingClub a buy right now?

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. The consensus among Wall Street analysts is that investors should "hold" LendingClub stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LC, but not buy additional shares or sell existing shares.
View analyst ratings for LendingClub
or view top-rated stocks.

What stocks does MarketBeat like better than LendingClub?

Wall Street analysts have given LendingClub a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but LendingClub wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting LendingClub?

LendingClub saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 5,170,000 shares, a drop of 45.2% from the March 31st total of 9,430,000 shares. Based on an average daily volume of 2,790,000 shares, the days-to-cover ratio is presently 1.9 days.
View LendingClub's Short Interest
.

When is LendingClub's next earnings date?

LendingClub is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for LendingClub
.

How were LendingClub's earnings last quarter?

LendingClub Co. (NYSE:LC) released its earnings results on Wednesday, April, 28th. The credit services provider reported ($0.49) EPS for the quarter, topping analysts' consensus estimates of ($0.82) by $0.33. The credit services provider earned $105.80 million during the quarter, compared to analyst estimates of $89.93 million. LendingClub had a negative net margin of 37.60% and a negative trailing twelve-month return on equity of 13.79%. LendingClub's quarterly revenue was up 40.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.10) EPS.
View LendingClub's earnings history
.

How has LendingClub's stock been impacted by Coronavirus?

LendingClub's stock was trading at $9.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, LC shares have increased by 36.9% and is now trading at $12.88.
View which stocks have been most impacted by COVID-19
.

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

LendingClub's stock 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.

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

LendingClub updated its FY 2021 earnings guidance on Wednesday, May, 5th. The company provided EPS guidance of - for the period. The company issued revenue guidance of $500 million-$530 million, compared to the consensus revenue estimate of $459.82 million.

What price target have analysts set for LC?

6 equities research analysts have issued 12-month target prices for LendingClub's stock. Their forecasts range from $6.00 to $20.50. On average, they anticipate LendingClub's stock price to reach $12.50 in the next twelve months. This suggests that the stock has a possible downside of 3.0%.
View analysts' price targets for LendingClub
or view top-rated stocks among Wall Street analysts.

Who are LendingClub's key executives?

LendingClub's management team includes the following people:
  • Mr. Scott C. Sanborn, CEO & Director (Age 52, Pay $906.92k)
  • Mr. Thomas W. Casey, CFO & Director (Age 58, Pay $779.15k)
  • Mr. Bahman Koohestani, Chief Technology Officer (Age 59, Pay $557.9k)
  • Mr. Ronnie Momen, Chief Consumer Banking Officer (Age 53, Pay $539.61k)
  • Ms. Annie Armstrong, Chief Risk Officer (Age 43, Pay $532.38k)
  • Mr. Fergal Stack, Principal Accounting Officer & Corp. Controller
  • Mr. Brandon Pace, Chief Admin. Officer & Corp. Sec. (Age 48)
  • Mr. Sameer Shripad Gokhale CPA, CPA, Head of Investor Relations
  • Ms. Tina Wilson, Chief People Officer
  • Mr. Timothy Bogan, Chief Banking Integration Officer (Age 55)

What is Scott Sanborn's approval rating as LendingClub's CEO?

269 employees have rated LendingClub CEO Scott Sanborn on Glassdoor.com. Scott Sanborn has an approval rating of 64% among LendingClub's employees.

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 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).

When did LendingClub IPO?

(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 served as the underwriters for the IPO and Allen & Company, Stifel, BMO Capital Markets, William Blair and Wells Fargo Securities were co-managers.

What is LendingClub's stock symbol?

LendingClub trades on the New York Stock Exchange (NYSE) under the ticker symbol "LC."

Who are LendingClub's major shareholders?

LendingClub's stock is owned by many different retail and institutional investors. Top institutional shareholders include ARK Investment Management LLC (7.48%), BlackRock Inc. (6.67%), Jackson Square Partners LLC (6.19%), Nikko Asset Management Americas Inc. (4.71%), Credit Suisse AG (3.00%) and Dimensional Fund Advisors LP (2.24%). Company insiders that own LendingClub stock include Allan R Landon, Kenneth D Denman, Mary G Meeker, Scott Sanborn, Steven Allocca, Susan C Athey, Thomas W Casey, 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 UBS Group AG, Credit Suisse AG, Harspring Capital Management LLC, Renaissance Technologies LLC, Assenagon Asset Management S.A., ARK Investment Management LLC, Royal Bank of Canada, and Blueshift Asset Management LLC. Company insiders that have sold LendingClub company stock in the last year include Scott Sanborn, and Valerie Kay.
View insider buying and selling activity for LendingClub
or view top insider-selling stocks.

Which major investors are buying LendingClub stock?

LC stock was bought by a variety of institutional investors in the last quarter, including Jackson Square Partners LLC, Parian Global Management LP, Patriot Financial Partners GP LP, Sei Investments Co., Goldman Sachs Group Inc., Emerald Mutual Fund Advisers Trust, Graham Capital Management L.P., and BlackRock Inc.. Company insiders that have bought LendingClub stock in the last two years include Allan R Landon, Steven Allocca, and Thomas W Casey.
View insider buying and selling activity for LendingClub
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is LendingClub's stock price today?

One share of LC stock can currently be purchased for approximately $12.88.

How much money does LendingClub make?

LendingClub has a market capitalization of $1.25 billion 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.

How many employees does LendingClub have?

LendingClub employs 1,192 workers across the globe.

What is LendingClub's official website?

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

Where are LendingClub's headquarters?

LendingClub is headquartered at 595 MARKET STREET SUITE 200, SAN FRANCISCO CA, 94105.

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]


This page was last updated on 5/18/2021 by MarketBeat.com Staff
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