LendingClub Corp’s Market Journey: Closing Weak at 16.58, Down -6.80

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The closing price of LendingClub Corp (NYSE: LC) was $16.58 for the day, down -6.80% from the previous closing price of $17.79. In other words, the price has decreased by -$6.80 from its previous closing price. On the day, 3.8 million shares were traded. LC stock price reached its highest trading level at $17.99 during the session, while it also had its lowest trading level at $16.274.

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 0.02 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:

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 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 1863625088 and an Enterprise Value of 878819008. As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.76, and their Forward P/E ratio for the next fiscal year is 19.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.44 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 0.793 whereas that against EBITDA is 7.326.

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 11.60%, while the 200-Day Moving Average is calculated to be 52.72%.

Shares Statistics:

LC traded an average of 1.80M shares per day over the past three months and 1959260 shares per day over the past ten days. 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 74.84% stake in the company. Shares short for LC as of 1732838400 were 4056098 with a Short Ratio of 2.25, compared to 1730332800 on 3497784. Therefore, it implies a Short% of Shares Outstanding of 4056098 and a Short% of Float of 4.14.

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