NYSE:LC - LendingClub 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 12.8% and is now trading at $8.21. View which stocks have been mosted impacted by Coronavirus.

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.

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

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.

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.

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.

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.

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.

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.

Some companies that are related to LendingClub include Farfetch (FTCH), TriNet Group (TNET), CIELO S A/S (CIOXY), HMS (HMSY), Stamps.com (STMP), WNS (WNS), Wageworks (WAGE), ExlService (EXLS), Alliance Data Systems (ADS), Tabula Rasa HealthCare (TRHC), EVO Payments (EVOP), CBIZ (CBZ), Radware (RDWR), Cardtronics (CATM) and Fiverr International (FVRR).

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).

(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.

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 $8.21.

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.

The official website for LendingClub is http://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]