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The price of LendingClub Corp (NYSE: LC) closed at $10.03 in the last session, up 1.01% from day before closing price of $9.93. In other words, the price has increased by $1.01 from its previous closing price. On the day, 1.41 million shares were traded. LC stock price reached its highest trading level at $10.215 during the session, while it also had its lowest trading level at $9.65.
Ratios:
We take a closer look at LC’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 05 ’24 when Selleck Erin bought 703 shares for $9.68 per share.
Selleck Erin sold 2,677 shares of LC for $23,290 on Jun 12 ’24. The Director now owns 57,248 shares after completing the transaction at $8.70 per share. On May 31 ’24, another insider, Selleck Erin, who serves as the Director of the company, sold 4,083 shares for $8.88 each. As a result, the insider received 36,257 and left with 54,571 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 1121524480 and an Enterprise Value of 221185408. As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.22, and their Forward P/E ratio for the next fiscal year is 12.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.88 while its Price-to-Book (P/B) ratio in mrq is 0.87. Its current Enterprise Value per Revenue stands at 0.205 whereas that against EBITDA is 2.03.
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 8.64%, while the 200-Day Moving Average is calculated to be 23.21%.
Shares Statistics:
According to the various share statistics, LC traded on average about 1.43M shares per day over the past 3-months and 2589040 shares per day over the past 10 days. A total of 110.41M shares are outstanding, with a floating share count of 107.44M. Insiders hold about 3.92% of the company’s shares, while institutions hold 76.57% stake in the company. Shares short for LC as of 1721001600 were 3104025 with a Short Ratio of 2.16, compared to 1718323200 on 3014592. Therefore, it implies a Short% of Shares Outstanding of 3104025 and a Short% of Float of 3.19.
