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After finishing at $16.32 in the prior trading day, LendingClub Corp (NYSE: LC) closed at $16.66, up 2.08%. In other words, the price has increased by $2.08 from its previous closing price. On the day, 0.52 million shares were traded. LC stock price reached its highest trading level at $16.68 during the session, while it also had its lowest trading level at $16.19.
Ratios:
Our goal is to gain a better understanding of LC by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
On October 25, 2024, Maxim Group reiterated its Buy rating and also lowered its target price recommendation from $16 to $19.
Keefe Bruyette Upgraded its Mkt Perform to Outperform on October 10, 2024, whereas the target price for the stock was revised from $11.50 to $15.
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 Dec 05 ’24 when Sanborn Scott sold 17,000 shares for $15.84 per share. The transaction valued at 269,217 led to the insider holds 1,329,184 shares of the business.
SCOTT SANBORN bought 51,000 shares of LC for $809,880 on Dec 05 ’24. On Nov 08 ’24, another insider, Cheng Jordan, who serves as the General Counsel & Secretary of the company, sold 22,000 shares for $14.83 each. As a result, the insider received 326,181 and left with 89,385 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 1872617344 and an Enterprise Value of 865330752. As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.94, and their Forward P/E ratio for the next fiscal year is 19.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 0.781 whereas that against EBITDA is 7.214.
Stock Price History:
Over the past 52 weeks, LC has reached a high of $18.75, while it has fallen to a 52-week low of $7.48. The 50-Day Moving Average of the stock is 9.74%, while the 200-Day Moving Average is calculated to be 51.11%.
Shares Statistics:
The stock has traded on average 1.88M shares per day over the past 3-months and 2693150 shares per day over the last 10 days, according to various share statistics. A total of 112.40M shares are outstanding, with a floating share count of 108.25M. Insiders hold about 3.70% of the company’s shares, while institutions hold 74.77% stake in the company. Shares short for LC as of 1732838400 were 4056098 with a Short Ratio of 2.32, compared to 1730332800 on 3497784. Therefore, it implies a Short% of Shares Outstanding of 4056098 and a Short% of Float of 4.14.
