In the last trading session, 1.27 million LendingClub Corp (NYSE:LC) shares changed hands as the company’s beta touched 2.04. With the company’s per share price at $15.42 changed hands at $0.44 or 2.94% during last session, the market valuation stood at $1.73B. LC’s last price was a discount, traded about -21.6% off its 52-week high of $18.75. The share price had its 52-week low at $7.48, which suggests the last value was 51.49% up since then. When we look at LendingClub Corp’s average trading volume, we note the 10-day average is 1.55 million shares, with the 3-month average coming to 1.94 million.
Analysts gave the LendingClub Corp (LC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended LC as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. LendingClub Corp’s EPS for the current quarter is expected to be 0.09.
LendingClub Corp (NYSE:LC) trade information
Instantly LC was in green as seen at the end of in last trading. With action -10.50%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -4.76%, with the 5-day performance at -10.50% in the red. However, in the 30-day time frame, LendingClub Corp (NYSE:LC) is -3.69% down. Looking at the short shares, we see there were 4.69 million shares sold at short interest cover period of 2.5 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14.75, meaning bulls need a downside of -4.54% from its current market value. According to analyst projections, LC’s forecast low is 12 with 20 as the target high. To hit the forecast high, the stock’s price needs a -29.7% plunge from its current level, while the stock would need to tank 22.18% for it to hit the projected low.
LendingClub Corp (LC) estimates and forecasts
Data shows that the LendingClub Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 54.35% over the past 6 months, a 30.56% in annual growth rate that is considerably higher than the industry average of 8.10%. Year-over-year growth is forecast to reach -10.24% down from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 206.47M. 8 analysts are of the opinion that LendingClub Corp’s revenue for the current quarter will be 213.21M. The company’s revenue for the corresponding quarters a year ago was 185.61M and 180.69M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.24%. The estimates for the next quarter sales put growth at 18.00%.
The 2025 estimates are for LendingClub Corp earnings to increase by 27.98%, but the outlook for the next 5-year period is at 19.00% per year.
LC Dividends
LendingClub Corp is expected to release its next quarterly earnings report in February.
LendingClub Corp (NYSE:LC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.97% of LendingClub Corp shares while 76.58% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.92%. There are 76.58% institutions holding the LendingClub Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 10.8176% of the shares, roughly 11.97 million LC shares worth $101.3 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.634% or 8.45 million shares worth $71.49 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 3.34 shares estimated at $51.5 million under it, the former controlled 2.97% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.51% of the shares, roughly 2.82 shares worth around $43.49 million.
