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NYSE:LC - LendingClub Stock Price, Forecast & News

$8.40
-0.82 (-8.89 %)
(As of 03/29/2020 02:31 PM ET)
Today's Range
$8.25
Now: $8.40
$9.00
50-Day Range
$7.90
MA: $10.85
$13.37
52-Week Range
$7.10
Now: $8.40
$18.85
Volume968,887 shs
Average Volume1.11 million shs
Market Capitalization$746.84 million
P/E RatioN/A
Dividend YieldN/A
Beta1.36
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$0.63 per share
Book Value$10.21 per share

Profitability

Net Income$-30,750,000.00

Miscellaneous

Employees1,538
Market Cap$746.84 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. Since then, LC stock has decreased by 10.7% and is now trading at $8.40. 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) issued 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 analysts' expectations 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 quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted ($0.01) earnings per share. View LendingClub's earnings history.

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

Shares of LendingClub 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.

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 EPS 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 12 month price targets for LendingClub's shares. Their forecasts range from $17.00 to $25.00. On average, they expect LendingClub's share price to reach $21.25 in the next twelve months. This suggests a possible upside of 153.0% 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 extremely negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. LendingClub earned a news sentiment score of -4.0 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 stock's share price in the next several days. 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 trading volume of 617,300 shares, the short-interest ratio is presently 7.2 days. Currently, 5.2% of the company's shares are short sold. 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 initial public offering 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 served 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."

Who are LendingClub's major shareholders?

LendingClub's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (6.64%), Nikko Asset Management Americas Inc. (6.64%), ARK Investment Management LLC (4.83%), Credit Suisse AG (4.08%), State Street Corp (1.57%) and Geode Capital Management LLC (1.17%). 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.

Which institutional investors are selling LendingClub stock?

LC stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., Nuveen Asset Management LLC, SG Americas Securities LLC, Migdal Insurance & Financial Holdings Ltd., Spark Investment Management LLC, Bank of America Corp DE, and AQR Capital Management LLC. Company insiders that have sold LendingClub company stock in the last year include Kenneth D Denman, Mary G Meeker, Susan C Athey, Timothy Bogan, and Valerie Kay. View insider buying and selling activity for LendingClub.

Which institutional investors are buying LendingClub stock?

LC stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Assenagon Asset Management S.A., Jacobs Levy Equity Management Inc., ARK Investment Management LLC, State of New Jersey Common Pension Fund D, Ieq Capital LLC, Ieq Capital LLC, and Landscape Capital Management L.L.C.. 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.

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 $8.40.

How big of a company is LendingClub?

LendingClub has a market capitalization of $746.84 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:  529 (Vote Outperform)
Underperform Votes:  602 (Vote Underperform)
Total Votes:  1,131
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 3/29/2020 by MarketBeat.com Staff

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