In the last trading session, 1.06 million LendingClub Corp (NYSE:LC) shares changed hands as the company’s beta touched 2.33. With the company’s per share price at $10.98 changed hands at $0.02 or 0.18% during last session, the market valuation stood at $1.25B. LC’s last price was a discount, traded about -70.77% 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 31.88% up since then. When we look at LendingClub Corp’s average trading volume, we note the 10-day average is 1.11 million shares, with the 3-month average coming to 1.82 million.
Analysts gave the LendingClub Corp (LC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.44. 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 0.11.
LendingClub Corp (NYSE:LC) trade information
Instantly LC was in green as seen at the end of in last trading. With action 18.70%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -32.18%, with the 5-day performance at 18.70% in the green. However, in the 30-day time frame, LendingClub Corp (NYSE:LC) is 1.20% up. Looking at the short shares, we see there were 3.89 million shares sold at short interest cover period of 3.15 days.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need an upside of 45.1% from its current market value. According to analyst projections, LC’s forecast low is 20 with 20 as the target high. To hit the forecast high, the stock’s price needs a -82.15% plunge from its current level, while the stock would need to soar -82.15% for it to hit the projected low.
LendingClub Corp (LC) estimates and forecasts
Year-over-year growth is forecast to reach 19.10% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 214.3M. 9 analysts are of the opinion that LendingClub Corp’s revenue for the current quarter will be 229.57M. The company’s revenue for the corresponding quarters a year ago was 180.69M and 187.24M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 18.60%. The estimates for the next quarter sales put growth at 22.61%.
The 2025 estimates are for LendingClub Corp earnings to increase by 70.77%, but the outlook for the next 5-year period is at 57.58% per year.
LC Dividends
LendingClub Corp is expected to release its next quarterly earnings report on 2025-Jan-27.
LendingClub Corp (NYSE:LC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.77% of LendingClub Corp shares while 77.91% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.14%. There are 77.91% institutions holding the LendingClub Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 10.7487% of the shares, roughly 11.97 million LC shares worth $101.3 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.5854% or 8.45 million shares worth $71.49 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 3.35 shares estimated at $36.73 million under it, the former controlled 2.93% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.61% of the shares, roughly 2.98 shares worth around $32.71 million.
