NYSE:LCLendingClub Stock Price, Forecast & News

LendingClub's stock was trading at $9.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LC shares have decreased by 35.5% and is now trading at $6.07.
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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, November 3rd 2020.
View our earnings forecast for LendingClub.

LendingClub Corp (NYSE:LC) issued its quarterly earnings data on Tuesday, August, 4th. The credit services provider reported ($0.60) earnings per share for the quarter, missing analysts' consensus estimates of ($0.58) by $0.02. The credit services provider had revenue of $43.90 million for the quarter, compared to the consensus estimate of $59.53 million. LendingClub had a negative net margin of 22.73% and a negative return on equity of 9.11%. The company's revenue was down 77.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) earnings per share.
View LendingClub's earnings history.

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.

8 brokers have issued 12 month price objectives for LendingClub's shares. Their forecasts range from $6.00 to $23.00. On average, they expect LendingClub's share price to reach $12.00 in the next twelve months. This suggests a possible upside of 97.7% from the stock's current price.
View analysts' price targets for LendingClub.

Media stories about LC stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media 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 closest to five being the most favorable. LendingClub earned a news impact score of -1.2 on InfoTrie's scale. They also gave media coverage about the credit services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
View the latest news about LendingClub.

LendingClub saw a increase in short interest in May. As of May 15th, there was short interest totaling 7,020,000 shares, an increase of 15.8% from the April 30th total of 6,060,000 shares. Based on an average trading volume of 1,180,000 shares, the short-interest ratio is presently 5.9 days. Currently, 11.2% of the shares of the stock are short sold.
View LendingClub's Short Interest.

Some companies that are related to LendingClub include Oaktree Specialty Lending (OCSL), World Acceptance (WRLD), PROVIDENT FINL/S (FPLPY), Enova International (ENVA), Regional Management (RM), Atlanticus (ATLC) 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 Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Bank of America (BAC), NVIDIA (NVDA), General Electric (GE), Twitter (TWTR), Alibaba Group (BABA), Micron Technology (MU), Novavax (NVAX) 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 $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."

LendingClub's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (8.72%), Assenagon Asset Management S.A. (3.00%), Goldman Sachs Group Inc. (0.60%), Bank of New York Mellon Corp (0.38%), Russell Investments Group Ltd. (0.31%) and Tiedemann Advisors LLC (0.28%). 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.

LC stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Bank of New York Mellon Corp, and Tiedemann Advisors LLC. 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.

LC stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Goldman Sachs Group Inc., SG Americas Securities LLC, Brighton Jones LLC, Swiss National Bank, CSat Investment Advisory L.P., Russell Investments Group Ltd., and Meitav Dash Investments 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.

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 $6.07.

LendingClub has a market capitalization of $434.10 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]