LendingClub Corp (NYSE: LC) is 21.05% higher on its value in year-to-date trading and has touched a low of $4.73 and a high of $12.87 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 $10.89 in the last trading session, with the day’s loss setting it -0.31%.
Currently trading at $10.58, the stock is -5.57% and -4.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -2.85% at the moment leaves the stock 16.31% off its SMA200. LC registered 72.31% gain for a year compared to 6-month gain of 25.50%. The firm has a 50-day simple moving average (SMA 50) of $11.0228 and a 200-day simple moving average (SMA200) of $9.11515.
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The stock witnessed a -13.63% loss in the last 1 month and extending the period to 3 months gives it a 28.55%, and is -3.29% 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 3.44% over the week and 4.14% over the month.
LendingClub Corp (LC) has around 1025 employees, a market worth around $1.18B and $1.27B in sales. Current P/E ratio is 27.65 and Fwd P/E is 12.89. Profit margin for the company is 3.34%. Distance from 52-week low is 123.68% and -17.79% from its 52-week high. The company has generated returns on investments over the last 12 months (3.21%).
LendingClub Corp quarterly earnings per share for the current quarter are estimated at 0.07 with sales reaching $190.08M over the same period.The EPS is expected to grow by 8.82% this year, but quarterly earnings will post -33.50% year-over-year. Quarterly sales are estimated to shrink -3.50% in year-over-year returns.
277.0 institutions hold shares in LendingClub Corp (LC), with institutional investors hold 79.22% of the company’s shares. The shares outstanding are 110.41M, and float is at 107.64M with Short Float at 3.32%. Institutions hold 76.69% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.97 million shares valued at $101.3 million. The investor’s holdings represent 10.8176 of the LC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.45 million shares valued at $71.49 million to account for 7.634 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 5.9 million shares representing 5.3291 and valued at over $49.9 million, while JACKSON SQUARE PARTNERS, LLC holds 4.5893 of the shares totaling 5.08 million with a market value of $42.97 million.
LendingClub Corp (LC) Insider Activity
The most recent transaction is an insider sale by Sanborn Scott, the company’s CEO. SEC filings show that Sanborn Scott sold 17,000 shares of the company’s common stock on Sep 05 ’24 at a price of $11.36 per share for a total of $0.19 million. Following the sale, the insider now owns 1.37 million shares.
LendingClub Corp disclosed in a document filed with the SEC on Aug 08 ’24 that Sanborn Scott (CEO) sold a total of 17,000 shares of the company’s common stock. The trade occurred on Aug 08 ’24 and was made at $10.25 per share for $0.17 million. Following the transaction, the insider now directly holds 1.38 million shares of the LC stock.
Still, SEC filings show that on Aug 08 ’24, SCOTT SANBORN (Director) Proposed Sale 68,000 shares at an average price of $10.00 for $0.68 million. The insider now directly holds shares of LendingClub Corp (LC).
