NYSE:LCLendingClub 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 47.8% and is now trading at $4.91.
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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 Corp (NYSE:LC) released its quarterly earnings results on Tuesday, August, 4th. The credit services provider reported ($0.60) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.58) by $0.02. The credit services provider earned $43.90 million during the quarter, compared to analysts' expectations of $59.53 million. LendingClub had a negative net margin of 8.36% and a negative return on equity of 2.94%. The company's revenue was down 77.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) earnings per share.
View LendingClub's earnings history.

LendingClub shares reverse split before market open 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.

8 brokers have issued 12 month price objectives for LendingClub's shares. Their forecasts range from $6.00 to $23.00. On average, they expect LendingClub's share price to reach $12.43 in the next year. This suggests a possible upside of 153.1% from the stock's current price.
View analysts' price targets for LendingClub.

Press coverage about LC stock has trended somewhat negative on Wednesday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing 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 positive five, with scores nearest to five being the most favorable. LendingClub earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned news stories about the credit services provider a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the stock's share price in the next several days.
View the latest news about LendingClub.

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

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

LendingClub's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (8.72%), Assenagon Asset Management S.A. (3.00%), SG Americas Securities LLC (0.06%) and Joel Isaacson & Co. LLC (0.06%). 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.

LC stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have sold LendingClub company stock in the last year include Kenneth D Denman, Susan C Athey, Timothy Bogan, and Valerie Kay.
View insider buying and selling activity for LendingClub.

LC stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., SG Americas Securities LLC, and Joel Isaacson & Co. LLC. 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.

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 $4.91.

LendingClub has a market capitalization of $343.06 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]