NYSE:LC - LendingClub Stock Price, Forecast & News

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

LendingClub shares reverse split before market open 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.

LendingClub Corp (NYSE:LC) announced its quarterly earnings results on Tuesday, February, 18th. The credit services provider reported $0.08 EPS for the quarter, topping the Thomson Reuters' consensus estimate 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 negative net margin of 4.05% and a positive return on equity of 0.25%. The business's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) earnings per share. View LendingClub's Earnings History.

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

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.

4 brokerages have issued 12 month price objectives for LendingClub's stock. Their forecasts range from $17.00 to $25.00. On average, they anticipate LendingClub's share price to reach $21.25 in the next twelve months. This suggests a possible upside of 64.6% from the stock's current price. View Analyst Price Targets 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.

News articles about LC stock have trended negative on Thursday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. LendingClub earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned media stories about the credit services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for LendingClub.

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

Some companies that are related to LendingClub include TriNet Group (TNET), WNS (WNS), Farfetch (FTCH), ExlService (EXLS), Sothebys (BID), HMS (HMSY), EVO Payments (EVOP), Wageworks (WAGE), Cardtronics (CATM), GreenSky (GSKY), Stamps.com (STMP), CBIZ (CBZ), Tabula Rasa HealthCare (TRHC), Viad (VVI) and Qiwi (QIWI).

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).

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

LendingClub's stock is owned by a variety of of institutional and retail 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 Assenagon Asset Management S.A. (0.65%). Company insiders that own LendingClub stock include Bahman Koohestani, John J Mack, 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.

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, Simon Williams, Susan C Athey, Timothy Bogan and Valerie Kay. View Insider Buying and Selling for LendingClub.

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 John J Mack, Kenneth D Denman, Steven Allocca, Thomas W Casey and Tian Qiao Chen. View Insider Buying and Selling 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 $12.91.

LendingClub has a market capitalization of $1.14 billion and generates $758.61 million in revenue each year. The credit services provider earns $-128,300,000.00 in net income (profit) each year or $0.02 on an earnings per share basis. LendingClub employs 1,768 workers across the globe.View Additional Information About LendingClub.

The official website for LendingClub is http://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]