LendingClub Corp (NYSE: LC) is -1.67% lower on its value in year-to-date trading and has touched a low of $7.48 and a high of $18.75 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 $16.29 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $15.92, the stock is -4.09% and 0.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing -2.27% at the moment leaves the stock 39.49% off its SMA200. LC registered 80.09% gain for a year compared to 6-month gain of 84.05%. The firm has a 50-day simple moving average (SMA 50) of $15.7938 and a 200-day simple moving average (SMA200) of $11.3755.
The stock witnessed a -1.24% loss in the last 1 month and extending the period to 3 months gives it a 39.28%, and is -1.67% 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 5.32% over the week and 5.58% over the month.
LendingClub Corp (LC) has around 1025 employees, a market worth around $1.79B and $1.29B in sales. Current P/E ratio is 34.34 and Fwd P/E is 18.59. Profit margin for the company is 4.01%. Distance from 52-week low is 112.83% and -15.09% from its 52-week high. The company has generated returns on investments over the last 12 months (3.77%).
with sales reaching $206.47M over the same period.The EPS is expected to grow by 28.03% this year, but quarterly earnings will post -10.25% year-over-year. Quarterly sales are estimated to grow 11.24% in year-over-year returns.
294.0 institutions hold shares in LendingClub Corp (LC), with institutional investors hold 78.98% of the company’s shares. The shares outstanding are 112.40M, and float is at 108.26M with Short Float at 4.03%. Institutions hold 76.63% 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 Jan 02 ’25 at a price of $16.12 per share for a total of $0.27 million. Following the sale, the insider now owns 1.31 million shares.
LendingClub Corp disclosed in a document filed with the SEC on Dec 05 ’24 that Sanborn Scott (CEO) sold a total of 17,000 shares of the company’s common stock. The trade occurred on Dec 05 ’24 and was made at $15.84 per share for $0.27 million. Following the transaction, the insider now directly holds 1.33 million shares of the LC stock.
Still, SEC filings show that on Dec 05 ’24, SCOTT SANBORN (Director) Proposed Sale 51,000 shares at an average price of $15.88 for $0.81 million. The insider now directly holds shares of LendingClub Corp (LC).
