NYSE:LCLendingClub Stock Price, Forecast & News

LendingClub's stock was trading at $9.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, LC stock has decreased by 45.1% and is now trading at $5.17. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 6 hold ratings and 2 buy ratings 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) released its quarterly earnings results on Tuesday, May, 5th. The credit services provider reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.04) by $0.40. The credit services provider earned $120.20 million during the quarter, compared to the consensus estimate of $174.66 million. LendingClub had a negative return on equity of 2.94% and a negative net margin of 8.36%. LendingClub's revenue for the quarter was down 31.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.13) EPS. View LendingClub's earnings history.

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 market closes 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.

8 analysts have issued 12 month price targets for LendingClub's shares. Their forecasts range from $6.00 to $23.00. On average, they expect LendingClub's share price to reach $12.43 in the next year. This suggests a possible upside of 140.4% from the stock's current price. View analysts' price targets for LendingClub.

News headlines about LC stock have trended positive this week, InfoTrie reports. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. LendingClub earned a news sentiment score of 2.2 on InfoTrie's scale. They also gave media stories about the credit services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news about LendingClub.

LendingClub saw a decrease in short interest in June. As of June 30th, there was short interest totaling 6,290,000 shares, a decrease of 6.3% from the June 15th total of 6,710,000 shares. Based on an average trading volume of 1,280,000 shares, the days-to-cover ratio is currently 4.9 days. Currently, 10.0% of the shares of the stock are short sold. 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), Regional Management (RM), Atlanticus (ATLC) 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 served 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 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 $5.17.

LendingClub has a market capitalization of $361.22 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]