LendingClub Corp (NYSE:LC) has a beta value of 2.03 and has seen 5.57 million shares traded in the recent trading session. The company, currently valued at $1.54B, closed the recent trade at $13.73 per share which meant it lost -$3.1 on the day or -18.41% during that session. The LC stock price is -36.56% off its 52-week high price of $18.75 and 45.52% above the 52-week low of $7.48. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.55 million shares traded. The 3-month trading volume is 1.80 million shares.
The consensus among analysts is that LendingClub Corp (LC) is Buy stock at the moment, with a recommendation rating of 1.40. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.09.
LendingClub Corp (NYSE:LC) trade information
Sporting -18.41% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LC stock price touched $13.73 or saw a rise of 19.94%. Year-to-date, LendingClub Corp shares have moved -15.19%, while the 5-day performance has seen it change -19.65%. Over the past 30 days, the shares of LendingClub Corp (NYSE:LC) have changed -20.49%. Short interest in the company has seen 4.67 million shares shorted with days to cover at 2.28.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could jump 8.47% from the levels at last check today. The projected low price target is $14.5 while the price target rests at a high of $20.0. In that case, then, we find that the latest price level in today’s session is -45.67% off the targeted high while a plunge would see the stock gain -5.61% from the levels at last check today.
LendingClub Corp (LC) estimates and forecasts
Figures show that LendingClub Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 23.37% over the past 6 months, with this year growth rate of 79.17%, compared to 10.20% for the industry. Revenue growth from the last financial year stood is estimated to be 18.39%.
7 analysts offering their estimates for the company have set an average revenue estimate of 210.36M for the current quarter. 7 have an estimated revenue figure of 226.66M for the next ending quarter. Year-ago sales stood 180.69M and 187.24M respectively for this quarter and the next, and analysts expect sales will grow by 16.42% for the current quarter and 18.39% for the next.
LC Dividends
LendingClub Corp is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
LendingClub Corp (NYSE:LC)’s Major holders
Insiders own 2.97% of the company shares, while shares held by institutions stand at 76.46% with a share float percentage of 78.80%. Investors are also buoyed by the number of investors in a company, with LendingClub Corp having a total of 298.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 11.97 million shares worth more than $101.3 million. As of 2024-06-30, VANGUARD GROUP INC held 10.8176% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 8.45 million shares as of 2024-06-30. The firm’s total holdings are worth over $71.49 million and represent 7.634% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Sep 30, 2024, the former fund manager holds about 2.97% shares in the company for having 3.34 shares of worth $45.36 million while later fund manager owns 3.29 shares of worth $44.62 million as of Nov 30, 2024, which makes it owner of about 2.92% of company’s outstanding stock.
