LendingClub (LC) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LC shares.
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4 analysts have issued 12-month target prices for LendingClub's shares. Their LC share price targets range from $8.00 to $13.50. On average, they expect the company's share price to reach $11.30 in the next twelve months. This suggests a possible upside of 45.1% from the stock's current price.
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LendingClub's stock was trading at $8.74 at the start of the year. Since then, LC shares have decreased by 10.9% and is now trading at $7.79.
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LendingClub saw a decline in short interest during the month of February. As of February 29th, there was short interest totaling 2,380,000 shares, a decline of 8.8% from the February 14th total of 2,610,000 shares. Based on an average daily volume of 1,710,000 shares, the short-interest ratio is presently 1.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our LC earnings forecast.

LendingClub will be holding an earnings conference call on Tuesday, April 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 929-458-6194 with passcode "972670".

LendingClub Co. (NYSE:LC) posted its earnings results on Tuesday, January, 30th. The credit services provider reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.07. The credit services provider earned $185.60 million during the quarter, compared to analyst estimates of $182.13 million. LendingClub had a net margin of 4.50% and a trailing twelve-month return on equity of 3.21%. The firm's quarterly revenue was down 29.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 EPS.

ETFs with the largest weight of LendingClub (NYSE:LC) stock in their portfolio include AOT Growth & Innovation ETF (AOTG) and SPDR S&P Kensho New Economies Composite ETF (KOMP).iShares US Small Cap Value Factor ETF (SVAL).

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 stock prior to the reverse split would have 20 shares after the split.

269 employees have rated LendingClub Chief Executive Officer Scott Sanborn on Glassdoor.com. Scott Sanborn has an approval rating of 64% among the company's employees.

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).

LendingClub (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 acted as the underwriters for the IPO and Allen & Company, Stifel, BMO Capital Markets, William Blair and Wells Fargo Securities were co-managers.

LendingClub's stock is owned by a number of institutional and retail investors. Top institutional investors include Grassi Investment Management (0.11%) and International Assets Investment Management LLC (0.02%). Insiders that own company stock include Allan R Landon, Andrew Labenne, Annie Armstrong, Bahman Koohestani, Fergal Stack, John C Morris, Michael P Zeisser, Michael P Zeisser, Ronnie Momen, Stephen M Cutler, Susan C Athey, Thomas W Casey and Valerie Kay.
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Shares of LC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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