LendingClub (LC) Stock Price, News & Analysis

5 Wall Street equities 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 equities research analysts is that investors should "moderate buy" LC shares.
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5 analysts have issued 1 year price targets 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 23.0% from the stock's current price.
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LendingClub's stock was trading at $8.74 at the beginning of the year. Since then, LC stock has increased by 6.2% and is now trading at $9.28.
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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) released its quarterly earnings results on Tuesday, April, 30th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.08. The credit services provider earned $180.69 million during the quarter, compared to analysts' expectations 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 period in the previous year, the company earned $0.13 EPS.

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).

LendingClub's stock 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 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 $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 many different institutional and retail investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (0.20%), GSA Capital Partners LLP (0.13%), Grassi Investment Management (0.11%), Miracle Mile Advisors LLC (0.02%), International Assets Investment Management LLC (0.02%) and Capstone Investment Advisors 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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