LendingClub (LC) Stock Price, News & Analysis

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for LendingClub in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" LC shares.
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5 equities research analysts have issued 1 year price objectives for LendingClub's shares. Their LC share price targets range from $10.00 to $13.50. On average, they predict the company's share price to reach $11.42 in the next twelve months. This suggests a possible upside of 25.7% from the stock's current price.
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LendingClub's stock was trading at $8.74 at the beginning of 2024. Since then, LC stock has increased by 3.9% and is now trading at $9.08.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
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LendingClub Co. (NYSE:LC) announced its earnings results on Tuesday, April, 30th. The credit services provider reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.08. The credit services provider earned $180.69 million during the quarter, compared to the consensus estimate of $174.52 million. LendingClub had a trailing twelve-month return on equity of 3.04% and a net margin of 4.69%. During the same quarter in the previous year, the business earned $0.13 earnings per share.

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

Shares of LendingClub 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 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 (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 served 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 retail and institutional investors. Top institutional investors include Empowered Funds LLC (0.28%), Mirae Asset Global Investments Co. Ltd. (0.20%), Swiss National Bank (0.19%), GSA Capital Partners LLP (0.13%), Grassi Investment Management (0.11%) and Quantbot Technologies LP (0.04%). 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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