The closing price of LendingClub Corp (NYSE: LC) was $8.33 for the day, down -5.45% from the previous closing price of $8.81. In other words, the price has decreased by -$0.48 from its previous closing price. On the day, 1189660 shares were traded.
Ratios:
Our analysis of LC’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
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 972.72M. As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.15, and their Forward P/E ratio for the next fiscal year is 11.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.72 while its Price-to-Book (P/B) ratio in mrq is 0.73.
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. The 50-Day Moving Average of the stock is 8.38, while the 200-Day Moving Average is calculated to be 7.57.
Shares Statistics:
LC traded an average of 1.47M shares per day over the past three months and 1.27M shares per day over the past ten days. 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 74.29% stake in the company. Shares short for LC as of Mar 15, 2024 were 2.32M with a Short Ratio of 1.57, compared to 2.61M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.10% and a Short% of Float of 2.47%.
Earnings Estimates
The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of $0.03 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.01, while EPS last year was $0.13. The consensus estimate for the next quarter is $0.04, with high estimates of $0.07 and low estimates of $0.
Analysts are recommending an EPS of between $0.39 and $0.08 for the fiscal current year, implying an average EPS of $0.23. EPS for the following year is $0.74, with 6 analysts recommending between $1.29 and $0.2.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 9 analysts. It ranges from a high estimate of $179.6M to a low estimate of $169.26M. As of the current estimate, LendingClub Corp’s year-ago sales were $238.36M, an estimated decrease of -27.00% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $175.51M, a decrease of -24.50% over than the figure of -$27.00% in the same quarter last year. There is a high estimate of $182.9M for the next quarter, whereas the lowest estimate is $165M.
A total of 9 analysts have provided revenue estimates for LC’s current fiscal year. The highest revenue estimate was $770.6M, while the lowest revenue estimate was $648.6M, resulting in an average revenue estimate of $715.27M. In the same quarter a year ago, actual revenue was $1.14B, down -37.00% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $891.15M in the next fiscal year. The high estimate is $998.5M and the low estimate is $795.38M. The average revenue growth estimate for next year is up 24.60% from the average revenue estimate for this year.
