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As of close of business last night, LendingClub Corp’s stock clocked out at $10.79, up 2.18% from its previous closing price of $10.56. In other words, the price has increased by $2.18 from its previous closing price. On the day, 1.26 million shares were traded. LC stock price reached its highest trading level at $10.865 during the session, while it also had its lowest trading level at $10.445.
Ratios:
To gain a deeper understanding of LC’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.03.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 12 ’24 when Selleck Erin sold 2,677 shares for $8.70 per share. The transaction valued at 23,290 led to the insider holds 57,248 shares of the business.
Selleck Erin sold 4,083 shares of LC for $36,257 on May 31 ’24. The Director now owns 54,571 shares after completing the transaction at $8.88 per share. On Oct 31 ’23, another insider, Selleck Erin, who serves as the Director of the company, bought 10,000 shares for $5.24 each. As a result, the insider paid 52,425 and bolstered with 45,135 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 1198984832 and an Enterprise Value of 430398272. As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.49, and their Forward P/E ratio for the next fiscal year is 15.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 0.392 whereas that against EBITDA is 4.14.
Stock Price History:
The Beta on a monthly basis for LC is 2.08, which has changed by 0.065153 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, LC has reached a high of $10.90, while it has fallen to a 52-week low of $4.73. The 50-Day Moving Average of the stock is 21.27%, while the 200-Day Moving Average is calculated to be 37.02%.
Shares Statistics:
It appears that LC traded 1.31M shares on average per day over the past three months and 1501680 shares per day over the past ten days. A total of 110.41M shares are outstanding, with a floating share count of 106.77M. Insiders hold about 3.92% of the company’s shares, while institutions hold 76.49% stake in the company. Shares short for LC as of 1719532800 were 2956076 with a Short Ratio of 2.25, compared to 1717113600 on 2841153. Therefore, it implies a Short% of Shares Outstanding of 2956076 and a Short% of Float of 3.06.
