LendingClub Corp (NYSE: LC) is -5.38% lower on its value in year-to-date trading and has touched a low of $4.73 and a high of $10.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LC stock was last observed hovering at around $8.33 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $8.27, the stock is -1.25% and -1.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing -0.72% at the moment leaves the stock 9.22% off its SMA200. LC registered 15.66% gain for a year compared to 6-month gain of 41.61%.
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The stock witnessed a 5.75% loss in the last 1 month and extending the period to 3 months gives it a -3.95%, and is -2.01% down 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 2.78% over the week and 3.74% over the month.
LendingClub Corp (LC) has around 1025 employees, a market worth around $913.09M and $1.27B in sales. Current P/E ratio is 22.98 and Fwd P/E is 11.23. Profit margin for the company is 3.07%. Distance from 52-week low is 74.84% and -24.27% from its 52-week high. The company has generated returns on investments over the last 12 months (2.98%).
LendingClub Corp quarterly earnings per share for the current quarter are estimated at $0.03 with sales reaching $174M over the same period.The EPS is expected to shrink by -35.19% this year, but quarterly earnings will post -37.00% year-over-year. Quarterly sales are estimated to shrink -27.00% in year-over-year returns.
245 institutions hold shares in LendingClub Corp (LC), with institutional investors hold 86.98% of the company’s shares. The shares outstanding are 110.41M, and float is at 106.04M with Short Float at 2.17%. Institutions hold 84.05% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 11.38 million shares valued at $110.98 million. The investor’s holdings represent 10.47% of the LC Shares outstanding. As of Jun 29, 2023, the second largest holder is Jackson Square Partners, Llc with 9.18 million shares valued at $89.48 million to account for 8.44% of the shares outstanding. The other top investors are Blackrock Inc. which holds 8.27 million shares representing 7.61% and valued at over $80.64 million, while Rubric Capital Management LP holds 4.88% of the shares totaling 5.31 million with a market value of $51.76 million.
LendingClub Corp (LC) Insider Activity
The most recent transaction is an insider purchase by Selleck Erin, the company’s Director. SEC filings show that Selleck Erin bought 10,000 shares of the company’s common stock on Oct 31 ’23 at a price of $5.24 per share for a total of $52425.0. Following the purchase, the insider now owns 45135.0 shares.
LendingClub Corp disclosed in a document filed with the SEC on Oct 31 ’23 that Morris John C. (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Oct 31 ’23 and was made at $5.23 per share for $52283.0. Following the transaction, the insider now directly holds 0.18 million shares of the LC stock.
Still, SEC filings show that on Oct 31 ’23, Ahmad Syed Faiz (Director) acquired 10,000 shares at an average price of $5.22 for $52221.0. The insider now directly holds 25,601 shares of LendingClub Corp (LC).
