Why LendingClub Corporation (LC) is the topic of conversation today

LendingClub Corporation (NYSE: LC) is -16.32% lower on its value in year-to-date trading and has touched a low of $4.32 and a high of $13.67 in the current 52-week trading range. The LC stock was last observed hovering at around $8.37 in the last trading session, with the day’s gains setting it 2.19% off its average median price target of $9.50 for the next 12 months. It is also 24.57% off the consensus price target high of $14.00 offered by 7 analysts, but current levels are -76.0% lower than the price target low of $6.00 for the same period.

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Currently trading at $10.56, the stock is 20.22% and 50.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.76 million and changing 26.16% at the moment leaves the stock 71.37% off its SMA200. LC registered -13.80% loss for a year compared to 6-month gain of 127.59%. The firm has a 50-day simple moving average (SMA 50) of $8.27 and a 200-day simple moving average (SMA200) of $5.89.

The stock witnessed a 28.62% loss in the last 1 month and extending the period to 3 months gives it a 114.63%, and is 17.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.66% over the week and 7.76% over the month.

LendingClub Corporation (LC) has around 1538 employees, a market worth around $654.83M and $591.00M in sales. Profit margin for the company is -27.20%. Distance from 52-week low is 144.73% and -22.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.20%).

LendingClub Corporation (LC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for LendingClub Corporation (LC) is a “Hold”. 7 analysts offering their recommendations for the stock have an average rating of 2.70, where 6 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

LendingClub Corporation is expected to release its quarterly report on 05/11/2021 and quarterly earnings per share for the current quarter are estimated at -$0.22 with sales reaching $78.72M over the same period.The EPS is expected to grow by 76.80% this year, but quarterly earnings will post -57.80% year-over-year. Quarterly sales are estimated to shrink -58.20% in year-over-year returns.

LendingClub Corporation (LC) Top Institutional Holders

180 institutions hold shares in LendingClub Corporation (LC), with 2.28M shares held by insiders accounting for 2.49% while institutional investors hold 82.88% of the company’s shares. Institutions hold 80.81% of the Float.

The top institutional shareholder in the company is ARK Investment Management, LLC with over 7.49 million shares valued at $35.27 million. The investor’s holdings represent 9.57% of the LC Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 6.03 million shares valued at $28.39 million to account for 7.70% of the shares outstanding. The other top investors are Nikko Asset Management Americas, Inc. which holds 5.89 million shares representing 7.53% and valued at over $27.75 million, while Sumitomo Mitsui Trust Holdings, Inc. holds 7.53% of the shares totaling 5.89 million with a market value of $27.75 million.

LendingClub Corporation (LC) Insider Activity

The most recent transaction is an insider sale by Kay Valerie, the company’s Chief Capital Officer. SEC filings show that Kay Valerie sold 3,618 shares of the company’s common stock on Dec 21 at a price of $8.29 per share for a total of $30002.0. Following the sale, the insider now owns 76096.0 shares.

LendingClub Corporation disclosed in a document filed with the SEC on Dec 21 that Sanborn Scott (CEO) sold a total of 11,992 shares of the company’s common stock. The trade occurred on Dec 21 and was made at $8.34 per share for $0.1 million. Following the transaction, the insider now directly holds 0.75 million shares of the LC stock.

Still, SEC filings show that on Nov 20, Kay Valerie (Chief Capital Officer) disposed off 4,815 shares at an average price of $6.23 for $30006.0. The insider now directly holds 67,374 shares of LendingClub Corporation (LC).

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