In last trading session, LendingClub Corp (NYSE:LC) saw 2.41 million shares changing hands with its beta currently measuring 2.01. Company’s recent per share price level of $14.92 trading at -$0.51 or -3.31% at ring of the bell on the day assigns it a market valuation of $1.68B. That closing price of LC’s stock is at a discount of -5.36% from its 52-week high price of $15.72 and is indicating a premium of 66.15% from its 52-week low price of $5.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.89 million shares which gives us an average trading volume of 1.50 million if we extend that period to 3-months.
For LendingClub Corp (LC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.20. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.09 in the current quarter.
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LendingClub Corp (NYSE:LC) trade information
Upright in the red during last session for losing -3.31%, in the last five days LC remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $14.92 price level, adding 5.09% to its value on the day. LendingClub Corp’s shares saw a change of 70.71% in year-to-date performance and have moved 5.22% in past 5-day. LendingClub Corp (NYSE:LC) showed a performance of 25.59% in past 30-days. Number of shares sold short was 3.8 million shares which calculate 2.86 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a rise of 0.53% to its current value. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 20. It follows that stock’s current price would jump 19.57% in reaching the projected high whereas dropping to the targeted low would mean a gain of 19.57% for stock’s current value.
LendingClub Corp (LC) estimates and forecasts
Statistics highlight that LendingClub Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 61.65% of value to its shares in past 6 months, showing an annual growth rate of 30.56% while that of industry is 8.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -31.70% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 206.43M for the same. And 8 analysts are in estimates of company making revenue of 213.2M in the next quarter. Company posted 262.45M and 173.88M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 28.06% while estimates for its earnings growth in next 5 years are of 19.00%.
LendingClub Corp (NYSE:LC)’s Major holders
Insiders are in possession of 3.16% of company’s total shares while institution are holding 77.96 percent of that, with stock having share float percentage of 80.50%. Investors also watch the number of corporate investors in a company very closely, which is 77.96% institutions for LendingClub Corp that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at LC for having 11.97 million shares of worth $101.3 million. And as of 2024-06-30, it was holding 10.8176 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 8.45 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.634 of outstanding shares, having a total worth of $71.49 million.
