NYSE:LCLendingClub Stock Price, Forecast & News

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 shares have decreased by 45.6% and is now trading at $5.12. View which stocks have been most impacted by Coronavirus.

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, August 4th 2020. View our earnings forecast for LendingClub.

LendingClub Corp (NYSE:LC) issued its quarterly earnings data on Tuesday, May, 5th. The credit services provider reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.04) by $0.40. The credit services provider earned $120.20 million during the quarter, compared to the consensus estimate of $174.66 million. LendingClub had a negative return on equity of 2.94% and a negative net margin of 8.36%. The firm's revenue was down 31.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.13) earnings per share. View LendingClub's earnings history.

Shares of LendingClub 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.

8 analysts have issued 12 month target prices for LendingClub's shares. Their forecasts range from $6.00 to $23.00. On average, they expect LendingClub's stock price to reach $12.43 in the next twelve months. This suggests a possible upside of 142.7% from the stock's current price. View analysts' price targets for LendingClub.

Headlines about LC stock have been trending somewhat positive on Tuesday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand blog and news 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 sentiment score of 1.8 on InfoTrie's scale. They also gave news 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 effect on the company's share price in the immediate future. View the latest news about LendingClub.

LendingClub saw a decrease in short interest in June. As of June 30th, there was short interest totaling 6,290,000 shares, a decrease of 6.3% from the June 15th total of 6,710,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is presently 4.9 days. Approximately 10.0% of the shares of the stock are sold short. View LendingClub's Current Options Chain.

Some companies that are related to LendingClub include Oaktree Specialty Lending (OCSL), PROVIDENT FINL/S (FPLPY), World Acceptance (WRLD), Enova International (ENVA), Regional Management (RM), Atlanticus (ATLC) and Mr. Amazing Loans (MRAL). View all competitors.

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).

(LC) raised $635 million in an 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 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 $5.12.

LendingClub has a market capitalization of $357.73 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]