LendingClub 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 "moderate buy" LendingClub stock.
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6 Wall Street analysts have issued 1-year price objectives for LendingClub's shares. Their LC stock forecasts range from $27.00 to $60.00. On average, they anticipate LendingClub's stock price to reach $40.80 in the next twelve months. This suggests a possible upside of 212.2% from the stock's current price.
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LendingClub's stock was trading at $24.18 at the beginning of 2022. Since then, LC stock has decreased by 45.9% and is now trading at $13.07.
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LendingClub is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
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LendingClub Co. (NYSE:LC) released its quarterly earnings results on Wednesday, April, 27th. The credit services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. The credit services provider earned $289.50 million during the quarter, compared to the consensus estimate of $262.43 million. LendingClub had a net margin of 10.63% and a trailing twelve-month return on equity of 26.12%. LendingClub's revenue was up 173.6% on a year-over-year basis. During the same period last year, the company posted ($0.49) EPS.
View LendingClub's earnings history.

LendingClub's stock reverse split on 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.

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

Some companies that are related to LendingClub include OneMain (OMF), SLM (SLM), Nelnet (NNI), Open Lending (LPRO), Oaktree Specialty Lending (OCSL), Enova International (ENVA), World Acceptance (WRLD), Provident Financial (FPLPY), Atlanticus (ATLC), Regional Management (RM) and Mr. Amazing Loans (MRAL).
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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 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."

LendingClub's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.59%), BlackRock Inc. (6.70%), Sumitomo Mitsui Trust Holdings Inc. (2.03%), Nikko Asset Management Americas Inc. (2.03%), State Street Corp (2.00%) and Bank of America Corp DE (1.95%). Company insiders that own LendingClub stock include Allan R Landon, Annie Armstrong, Bahman Koohestani, Fergal Stack, Kenneth D Denman, Michael P Zeisser, Michael P Zeisser, Scott Sanborn, Steven Allocca, Susan C Athey, 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 ARK Investment Management LLC, Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., Jane Street Group LLC, Invesco Ltd., Jacobs Asset Management LLC, Prudential Financial Inc., and Dimensional Fund Advisors LP. Company insiders that have sold LendingClub company stock in the last two years include Annie Armstrong, Bahman Koohestani, Fergal Stack, Scott Sanborn, Susan C Athey, and Valerie Kay.
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LC stock was acquired by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Healthcare of Ontario Pension Plan Trust Fund, Goldman Sachs Group Inc., Philosophy Capital Management LLC, Vanguard Group Inc., PEAK6 Investments LLC, Federated Hermes Inc., and Landscape Capital Management L.L.C.. Company insiders that have bought LendingClub stock in the last two years include Allan R Landon, Michael P Zeisser, and Thomas W Casey.
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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.
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One share of LC stock can currently be purchased for approximately $13.07.

LendingClub (NYSE:LC) has a market capitalization of $1.34 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 $1.009990 on an earnings per share basis.

LendingClub 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 LendingClub is www.lendingclub.com. The credit services provider can be reached via phone at (415) 632-5600 or via email at [email protected].