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NYSE:LCLendingClub Stock Price, Forecast & News

$6.07
+0.12 (+2.02 %)
(As of 08/12/2020 04:00 PM ET)
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Compare
Today's Range
$6.03
Now: $6.07
$6.39
50-Day Range
$4.41
MA: $5.18
$6.07
52-Week Range
$4.32
Now: $6.07
$15.29
Volume1.29 million shs
Average Volume1.13 million shs
Market Capitalization$434.10 million
P/E RatioN/A
Dividend YieldN/A
Beta1.16
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

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.54 out of 5 stars


Industry, Sector and Symbol

Industry Personal credit institutions
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone415-632-5600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$758.61 million
Cash Flow$0.75 per share
Book Value$10.21 per share

Profitability

Net Income$-30,750,000.00

Miscellaneous

Employees1,538
Market Cap$434.10 million
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$6.07
+0.12 (+2.02 %)
(As of 08/12/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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LendingClub (NYSE:LC) Frequently Asked Questions

How has LendingClub's stock been impacted by 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 35.5% and is now trading at $6.07.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of LendingClub?

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
.

When is LendingClub's next earnings date?

LendingClub is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for LendingClub
.

How were LendingClub's earnings last quarter?

LendingClub Corp (NYSE:LC) issued its quarterly earnings data on Tuesday, August, 4th. The credit services provider reported ($0.60) earnings per share for the quarter, missing analysts' consensus estimates of ($0.58) by $0.02. The credit services provider had revenue of $43.90 million for the quarter, compared to the consensus estimate of $59.53 million. LendingClub had a negative net margin of 22.73% and a negative return on equity of 9.11%. The company's revenue was down 77.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) earnings per share.
View LendingClub's earnings history
.

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

LendingClub shares 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 price target have analysts set for LC?

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 $12.00 in the next twelve months. This suggests a possible upside of 97.7% from the stock's current price.
View analysts' price targets for LendingClub
.

Has LendingClub been receiving favorable news coverage?

Media stories about LC stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog 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 impact score of -1.2 on InfoTrie's scale. They also gave media 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 impact on the stock's share price in the immediate future.
View the latest news about LendingClub
.

Are investors shorting LendingClub?

LendingClub saw a increase in short interest in May. As of May 15th, there was short interest totaling 7,020,000 shares, an increase of 15.8% from the April 30th total of 6,060,000 shares. Based on an average trading volume of 1,180,000 shares, the short-interest ratio is presently 5.9 days. Currently, 11.2% of the shares of the stock are short sold.
View LendingClub's Short Interest
.

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 Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Bank of America (BAC), NVIDIA (NVDA), General Electric (GE), Twitter (TWTR), Alibaba Group (BABA), Micron Technology (MU), Novavax (NVAX) and AT&T (T).

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 $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 institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (8.72%), Assenagon Asset Management S.A. (3.00%), Goldman Sachs Group Inc. (0.60%), Bank of New York Mellon Corp (0.38%), Russell Investments Group Ltd. (0.31%) and Tiedemann Advisors LLC (0.28%). 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 major 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., Bank of New York Mellon Corp, and Tiedemann Advisors LLC. 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
.

Which major investors are buying LendingClub stock?

LC stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Goldman Sachs Group Inc., SG Americas Securities LLC, Brighton Jones LLC, Swiss National Bank, CSat Investment Advisory L.P., Russell Investments Group Ltd., and Meitav Dash Investments Ltd.. 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 $6.07.

How big of a company is LendingClub?

LendingClub has a market capitalization of $434.10 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.

What is LendingClub's official website?

The official website for LendingClub is 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]

This page was last updated on 8/12/2020 by MarketBeat.com Staff

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