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As of close of business last night, LendingClub Corp’s stock clocked out at $11.34, down -1.48% from its previous closing price of $11.51. In other words, the price has decreased by -$1.48 from its previous closing price. On the day, 0.96 million shares were traded. LC stock price reached its highest trading level at $11.625 during the session, while it also had its lowest trading level at $11.23.
Ratios:
To gain a deeper understanding of LC’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on June 07, 2024, initiated with a Buy rating and assigned the stock a target price of $12.
On November 28, 2023, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $8.
On June 16, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $13.50.Jefferies initiated its Buy rating on June 16, 2023, with a $13.50 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 08 ’24 when Sanborn Scott sold 17,000 shares for $10.25 per share. The transaction valued at 174,304 led to the insider holds 1,383,362 shares of the business.
SCOTT SANBORN bought 68,000 shares of LC for $680,000 on Aug 08 ’24. On Aug 05 ’24, another insider, Selleck Erin, who serves as the Director of the company, sold 703 shares for $9.68 each. As a result, the insider received 6,805 and left with 57,951 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LC now has a Market Capitalization of 1287010688 and an Enterprise Value of 386674272. As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.64, and their Forward P/E ratio for the next fiscal year is 13.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 0.359 whereas that against EBITDA is 3.549.
Stock Price History:
Over the past 52 weeks, LC has reached a high of $12.87, while it has fallen to a 52-week low of $4.73. The 50-Day Moving Average of the stock is 9.11%, while the 200-Day Moving Average is calculated to be 29.51%.
Shares Statistics:
It appears that LC traded 1.38M shares on average per day over the past three months and 1011040 shares per day over the past ten days. A total of 110.41M shares are outstanding, with a floating share count of 107.40M. Insiders hold about 3.95% of the company’s shares, while institutions hold 75.42% stake in the company. Shares short for LC as of 1723680000 were 2869427 with a Short Ratio of 2.08, compared to 1721001600 on 3104025. Therefore, it implies a Short% of Shares Outstanding of 2869427 and a Short% of Float of 2.94.
