LendingClub Corp (NYSE: LC) closed the day trading at $7.68 down -1.54% from the previous closing price of $7.80. On the day, 1149803 shares were traded.
Ratios:
For a better understanding of LC, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.04.
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, Piper Sandler on November 28, 2023, initiated with a Overweight rating and assigned the stock a target price of $8.
On June 16, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $13.50.
On April 11, 2023, JP Morgan started tracking the stock assigning a Overweight rating and target price of $11.JP Morgan initiated its Overweight rating on April 11, 2023, with a $11 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 31 ’23 when Selleck Erin bought 10,000 shares for $5.24 per share. The transaction valued at 52,425 led to the insider holds 45,135 shares of the business.
Morris John C. bought 10,000 shares of LC for $52,283 on Oct 31 ’23. The Director now owns 183,667 shares after completing the transaction at $5.23 per share. On Oct 31 ’23, another insider, Ahmad Syed Faiz, who serves as the Director of the company, bought 10,000 shares for $5.22 each. As a result, the insider paid 52,221 and bolstered with 25,601 shares of the company.
Valuation Measures:
As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.35, and their Forward P/E ratio for the next fiscal year is 10.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67 while its Price-to-Book (P/B) ratio in mrq is 0.68.
Stock Price History:
Over the past 52 weeks, LC has reached a high of $10.92, while it has fallen to a 52-week low of $4.73.
Shares Statistics:
A total of 110.41M shares are outstanding, with a floating share count of 106.04M. Insiders hold about 3.96% of the company’s shares, while institutions hold 74.22% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from Citigroup, Inc. analysts. The consensus estimate for the next quarter is $6.49, with high estimates of $11.50 and low estimates of $28.41.
Analysts are recommending an EPS of between $Energy and $Consumer Cyclical for the fiscal current year, implying an average EPS of $Basic Materials.
