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NYSE:LC

LendingClub Stock Forecast, Price & News

$4.53
+0.07 (+1.57 %)
(As of 09/28/2020 05:25 AM ET)
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Today's Range
$4.41
Now: $4.53
$4.56
50-Day Range
$4.46
MA: $5.36
$6.07
52-Week Range
$4.32
Now: $4.53
$15.29
Volume811,700 shs
Average Volume1.11 million shs
Market Capitalization$323.96 million
P/E RatioN/A
Dividend YieldN/A
Beta1.14
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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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$0.64 per share
Book Value$10.21 per share

Profitability

Net Income$-30,750,000.00

Miscellaneous

Employees1,538
Market Cap$323.96 million
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$4.53
+0.07 (+1.57 %)
(As of 09/28/2020 05:25 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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LendingClub (NYSE:LC) Frequently Asked Questions

How has LendingClub's stock price been impacted by COVID-19 (Coronavirus)?

LendingClub's stock was trading at $9.41 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, LC shares have decreased by 51.9% and is now trading at $4.53.
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) posted its quarterly earnings data on Tuesday, August, 4th. The credit services provider reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.58) by $0.02. The credit services provider had revenue of $43.90 million for the quarter, compared to analysts' expectations of $59.53 million. LendingClub had a negative return on equity of 9.42% and a negative net margin of 22.73%. The business's revenue for the quarter was down 77.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.01) EPS.
View LendingClub's earnings history
.

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

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 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.

What price target have analysts set for LC?

8 Wall Street analysts have issued 1 year price objectives for LendingClub's stock. Their forecasts range from $6.00 to $23.00. On average, they anticipate LendingClub's share price to reach $12.00 in the next year. This suggests a possible upside of 164.9% from the stock's current price.
View analysts' price targets for LendingClub
.

Are investors shorting LendingClub?

LendingClub saw a decrease in short interest during the month of August. As of August 14th, there was short interest totaling 5,040,000 shares, a decrease of 12.8% from the July 30th total of 5,780,000 shares. Based on an average daily trading volume, of 1,350,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 7.3% of the shares of the company 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 Bank of America (BAC), NVIDIA (NVDA), Twitter (TWTR), Alibaba Group (BABA), General Electric (GE), Micron Technology (MU), Novavax (NVAX), AT&T (T), Tesla (TSLA) and Advanced Micro Devices (AMD).

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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.60%), Sumitomo Mitsui Trust Holdings Inc. (8.72%), Assenagon Asset Management S.A. (3.00%), Jacobs Levy Equity Management Inc. (1.54%), Jefferies Group LLC (1.37%) and Charles Schwab Investment Management Inc. (0.65%). 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 Vanguard Group Inc., Sumitomo Mitsui Trust Holdings Inc., Charles Schwab Investment Management Inc., AQR Capital Management LLC, Bank of New York Mellon Corp, Tiedemann Advisors LLC, and Bank of America Corp DE. Company insiders that have sold LendingClub company stock in the last year include Timothy Bogan, and Valerie Kay.
View insider buying and selling activity for LendingClub
.

Which institutional 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., Jefferies Group LLC, Goldman Sachs Group Inc., Jacobs Levy Equity Management Inc., PDT Partners LLC, Tudor Investment Corp Et Al, Public Employees Retirement System of Ohio, and Nuveen Asset Management 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
.

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 $4.53.

How big of a company is LendingClub?

LendingClub has a market capitalization of $323.96 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.

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 9/28/2020 by MarketBeat.com Staff

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