LendingClub Corp (NYSE: LC) is 51.83% higher on its value in year-to-date trading and has touched a low of $4.73 and a high of $12.99 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 $12.77 in the last trading session, with the day’s gains setting it 0.5%.
Currently trading at $13.27, the stock is 15.30% and 17.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.9 million and changing 3.92% at the moment leaves the stock 41.72% off its SMA200. LC registered 145.74% gain for a year compared to 6-month gain of 72.79%. The firm has a 50-day simple moving average (SMA 50) of $11.2696 and a 200-day simple moving average (SMA200) of $9.3637.
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The stock witnessed a 22.19% loss in the last 1 month and extending the period to 3 months gives it a 24.25%, and is 16.10% 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 5.16% over the week and 4.01% over the month.
LendingClub Corp (LC) has around 1025 employees, a market worth around $1.48B and $1.27B in sales. Current P/E ratio is 34.68 and Fwd P/E is 16.41. Profit margin for the company is 3.34%. Distance from 52-week low is 180.55% and 2.16% from its 52-week high. The company has generated returns on investments over the last 12 months (3.21%).
with sales reaching $190.1M over the same period.The EPS is expected to grow by 9.93% 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.
LendingClub Corp (LC) Top Institutional Holders
281.0 institutions hold shares in LendingClub Corp (LC), with institutional investors hold 79.72% of the company’s shares. The shares outstanding are 110.41M, and float is at 107.65M with Short Float at 3.36%. Institutions hold 77.18% 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 Oct 03 ’24 at a price of $11.09 per share for a total of $0.19 million. Following the sale, the insider now owns 1.36 million shares.
LendingClub Corp disclosed in a document filed with the SEC on Sep 05 ’24 that Sanborn Scott (CEO) sold a total of 17,000 shares of the company’s common stock. The trade occurred on Sep 05 ’24 and was made at $11.36 per share for $0.19 million. Following the transaction, the insider now directly holds 1.37 million shares of the LC stock.
Still, SEC filings show that on Aug 08 ’24, Sanborn Scott (CEO) disposed off 17,000 shares at an average price of $10.25 for $0.17 million. The insider now directly holds 1,383,362 shares of LendingClub Corp (LC).
