LendingClub Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" LendingClub stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LC, but not buy additional shares or sell existing shares.
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LendingClub saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 5,170,000 shares, a drop of 45.2% from the March 31st total of 9,430,000 shares. Based on an average daily volume of 2,790,000 shares, the days-to-cover ratio is presently 1.9 days.
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LendingClub is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for LendingClub.

LendingClub Co. (NYSE:LC) released its earnings results on Wednesday, April, 28th. The credit services provider reported ($0.49) EPS for the quarter, topping analysts' consensus estimates of ($0.82) by $0.33. The credit services provider earned $105.80 million during the quarter, compared to analyst estimates of $89.93 million. LendingClub had a negative net margin of 37.60% and a negative trailing twelve-month return on equity of 13.79%. LendingClub's quarterly revenue was up 40.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.10) EPS.
View LendingClub's earnings history.

LendingClub's stock was trading at $9.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, LC shares have increased by 36.9% and is now trading at $12.88.
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LendingClub's stock reverse split on the morning of 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 updated its FY 2021 earnings guidance on Wednesday, May, 5th. The company provided EPS guidance of - for the period. The company issued revenue guidance of $500 million-$530 million, compared to the consensus revenue estimate of $459.82 million.

6 equities research analysts have issued 12-month target prices for LendingClub's stock. Their forecasts range from $6.00 to $20.50. On average, they anticipate LendingClub's stock price to reach $12.50 in the next twelve months. This suggests that the stock has a possible downside of 3.0%.
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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 Open Lending (LPRO), Nelnet (NNI), Enova International (ENVA), Oaktree Specialty Lending (OCSL), World Acceptance (WRLD), Provident Financial (FPLPY), Atlanticus (ATLC), Regional Management (RM) and Mr. Amazing Loans (MRAL).
View all of LC's competitors.

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 (IPO) 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 many different retail and institutional investors. Top institutional shareholders include ARK Investment Management LLC (7.48%), BlackRock Inc. (6.67%), Jackson Square Partners LLC (6.19%), Nikko Asset Management Americas Inc. (4.71%), Credit Suisse AG (3.00%) and Dimensional Fund Advisors LP (2.24%). Company insiders that own LendingClub stock include Allan R Landon, Kenneth D Denman, Mary G Meeker, Scott Sanborn, 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 UBS Group AG, Credit Suisse AG, Harspring Capital Management LLC, Renaissance Technologies LLC, Assenagon Asset Management S.A., ARK Investment Management LLC, Royal Bank of Canada, and Blueshift Asset Management LLC. Company insiders that have sold LendingClub company stock in the last year include Scott Sanborn, and Valerie Kay.
View insider buying and selling activity for LendingClub or view top insider-selling stocks.

LC stock was bought by a variety of institutional investors in the last quarter, including Jackson Square Partners LLC, Parian Global Management LP, Patriot Financial Partners GP LP, Sei Investments Co., Goldman Sachs Group Inc., Emerald Mutual Fund Advisers Trust, Graham Capital Management L.P., and BlackRock Inc.. Company insiders that have bought LendingClub stock in the last two years include Allan R Landon, Steven Allocca, and Thomas W Casey.
View insider buying and selling activity for LendingClub or or view top insider-buying stocks.

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 $12.88.

LendingClub has a market capitalization of $1.25 billion 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 1,192 workers across the globe.

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

LendingClub is headquartered at 595 MARKET STREET SUITE 200, SAN FRANCISCO CA, 94105.

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]