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NYSE:LC - LendingClub Stock Price, Forecast & News

$8.21
-0.19 (-2.26 %)
(As of 03/31/2020 03:37 AM ET)
Today's Range
$7.91
Now: $8.21
$8.60
50-Day Range
$7.90
MA: $10.70
$13.37
52-Week Range
$7.10
Now: $8.21
$18.85
Volume907,110 shs
Average Volume808,348 shs
Market Capitalization$729.96 million
P/E RatioN/A
Dividend YieldN/A
Beta1.35
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

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone415-632-5600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$758.61 million
Cash Flow$0.68 per share
Book Value$10.21 per share

Profitability

Net Income$-30,750,000.00

Miscellaneous

Employees1,538
Market Cap$729.96 million
Next Earnings Date5/5/2020 (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 reached pandemic status according to the World Health Organization (WHO). Since then, LC shares have decreased by 12.8% and is now trading at $8.21. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is LendingClub's next earnings date?

LendingClub is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for LendingClub.

How were LendingClub's earnings last quarter?

LendingClub Corp (NYSE:LC) announced its 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 the consensus estimate of $198.84 million. LendingClub had a positive return on equity of 0.25% and a negative net margin of 4.05%. The business's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.01) EPS. View LendingClub's earnings history.

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

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 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 guidance has LendingClub issued on next quarter's earnings?

LendingClub issued an update on 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.

What price target have analysts set for LC?

4 brokers have issued 1-year price targets for LendingClub's shares. Their forecasts range from $17.00 to $25.00. On average, they anticipate LendingClub's share price to reach $21.25 in the next year. This suggests a possible upside of 158.8% from the stock's current price. View analysts' price targets for LendingClub.

Has LendingClub been receiving favorable news coverage?

Headlines about LC stock have been trending somewhat negative recently, InfoTrie reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. LendingClub earned a daily sentiment score of -1.4 on InfoTrie's scale. They also gave media headlines about the credit services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutLendingClub.

Are investors shorting LendingClub?

LendingClub saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 4,454,700 shares, an increase of 16.3% from the February 27th total of 3,830,000 shares. Based on an average daily trading volume, of 617,300 shares, the days-to-cover ratio is currently 7.2 days. Approximately 5.2% of the shares of the stock are sold short. View LendingClub's Current Options Chain.

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), Micron Technology (MU), Alibaba Group (BABA), Novavax (NVAX), Ford Motor (F), FireEye (FEYE) and On Deck Capital (ONDK).

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 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 acted 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."

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 $8.21.

How big of a company is LendingClub?

LendingClub has a market capitalization of $729.96 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. View additional information about LendingClub.

What is LendingClub's official website?

The official website for LendingClub is http://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]


MarketBeat Community Rating for LendingClub (NYSE LC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  530 (Vote Outperform)
Underperform Votes:  602 (Vote Underperform)
Total Votes:  1,132
MarketBeat's community ratings are surveys of what our community members think about LendingClub and other stocks. Vote "Outperform" if you believe LC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/31/2020 by MarketBeat.com Staff

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