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LendingClub Corporation (LC) Stock Could Soon Reward Patient Investors

LendingClub Corporation (NYSE: LC) is 16.36% higher on its value in year-to-date trading and has touched a low of $8.23 and a high of $23.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LC stock was last observed hovering at around $10.86 in the last trading session, with the day’s loss setting it -0.62%.

Currently trading at $10.24, the stock is 12.35% and 6.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing -5.71% at the moment leaves the stock -17.00% off its SMA200. LC registered -51.03% loss for a year compared to 6-month loss of -30.67%.

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The stock witnessed a 17.57% gain in the last 1 month and extending the period to 3 months gives it a -9.62%, and is 1.39% 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 5.81% over the week and 4.79% over the month.

LendingClub Corporation (LC) has around 1384 employees, a market worth around $1.01B and $1.19B in sales. Current P/E ratio is 3.69 and Fwd P/E is 8.16. Profit margin for the company is 24.90%. Distance from 52-week low is 24.35% and -57.05% from its 52-week high. The company has generated returns on investments over the last 12 months (0.40%).

LendingClub Corporation (LC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for LendingClub Corporation (LC) is a “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 1.90, where 2 rate it as a Hold and 0 think it is a “Overweight”. 5 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 05/09/2023.The EPS is expected to grow by 107.60% this year.

LendingClub Corporation (LC) Top Institutional Holders

The shares outstanding are 104.22M, and float is at 101.99M with Short Float at 5.03%.

LendingClub Corporation (LC) Insider Activity

A total of 90 insider transactions have happened at LendingClub Corporation (LC) in the last six months, with sales accounting for 20 and purchases happening 70 times. The most recent transaction is an insider sale by ARMSTRONG ANNIE,the company’sChief Risk Officer. SEC filings show that ARMSTRONG ANNIE sold 38,322 shares of the company’s common stock on Nov 28 at a price of $10.08 per share for a total of $0.39 million. Following the sale, the insider now owns 0.17 million shares.

LendingClub Corporation disclosed in a document filed with the SEC on Nov 28 that Kay Valerie (Bank-Chief Capital Officer) sold a total of 22,392 shares of the company’s common stock. The trade occurred on Nov 28 and was made at $10.08 per share for $0.23 million. Following the transaction, the insider now directly holds 0.17 million shares of the LC stock.

Still, SEC filings show that on Nov 28, PACE BRANDON (Chief Administrative Officer) disposed off 21,342 shares at an average price of $10.08 for $0.22 million. The insider now directly holds 153,078 shares of LendingClub Corporation (LC).

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