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NYSE:LCLendingClub Stock Price, Forecast & News

$6.09
+0.32 (+5.55 %)
(As of 06/4/2020 02:12 PM ET)
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Compare
Today's Range
$5.66
Now: $6.09
$6.11
50-Day Range
$5.26
MA: $6.37
$8.62
52-Week Range
$4.89
Now: $6.09
$16.50
Volume53,019 shs
Average Volume1.18 million shs
Market Capitalization$425.51 million
P/E RatioN/A
Dividend YieldN/A
Beta1.16
LendingClub Corporation operates an online lending marketplace platform that connects borrowers and investors in the United States. The company's marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient installment loans, auto refinance loans, and small business loans. It also enables investors to invest in a range of loans based on term and credit. The company was founded in 2006 and is headquartered in San Francisco, California.
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LendingClub logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.94 out of 5 stars


Industry, Sector and Symbol

Industry Personal credit institutions
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone415-632-5600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$758.61 million
Cash Flow$0.75 per share
Book Value$10.21 per share

Profitability

Net Income$-30,750,000.00

Miscellaneous

Employees1,538
Market Cap$425.51 million
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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LendingClub (NYSE:LC) Frequently Asked Questions

How has LendingClub's stock been impacted by COVID-19 (Coronavirus)?

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. Since then, LC stock has decreased by 35.3% and is now trading at $6.09. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of LendingClub?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for LendingClub.

When is LendingClub's next earnings date?

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

How were LendingClub's earnings last quarter?

LendingClub Corp (NYSE:LC) announced its quarterly earnings results on Tuesday, May, 5th. The credit services provider reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by $0.40. The credit services provider had revenue of $120.20 million for 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 business's revenue for the quarter was down 31.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.13) EPS. View LendingClub's earnings history.

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

LendingClub shares 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 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.

What price target have analysts set for LC?

7 equities research analysts have issued 12-month price targets for LendingClub's stock. 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 104.1% from the stock's current price. View analysts' price targets for LendingClub.

Has LendingClub been receiving favorable news coverage?

News articles about LC stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research group scores the sentiment of news 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 nearest to five being the most favorable. LendingClub earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned news coverage about the credit services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news aboutLendingClub.

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 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).

Who are LendingClub's key executives?

LendingClub's management team includes the following people:
  • Mr. Scott C. Sanborn, CEO & Director (Age 50)
  • Mr. Steve Allocca, Pres (Age 46)
  • Mr. Thomas W. Casey, Chief Financial Officer (Age 56)
  • Mr. Timothy Bogan, Chief Risk Officer (Age 53)
  • Mr. Fergal Stack, Principal Accounting Officer & Corp. Controller

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 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.

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 a number of institutional and retail 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.

Which major investors are selling LendingClub stock?

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.

Which major investors are buying LendingClub stock?

LC stock was acquired 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.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is LendingClub's stock price today?

One share of LC stock can currently be purchased for approximately $6.09.

How big of a company is LendingClub?

LendingClub has a market capitalization of $425.51 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.

What is LendingClub's official website?

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

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 6/4/2020 by MarketBeat.com Staff

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