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After finishing at $11.59 in the prior trading day, LendingClub Corp (NYSE: LC) closed at $11.27, down -2.76%. In other words, the price has decreased by -$2.76 from its previous closing price. On the day, 0.85 million shares were traded. LC stock price reached its highest trading level at $11.54 during the session, while it also had its lowest trading level at $11.15.
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 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
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:
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 03 ’24 when Sanborn Scott sold 17,000 shares for $11.09 per share. The transaction valued at 188,533 led to the insider holds 1,356,273 shares of the business.
Sanborn Scott sold 17,000 shares of LC for $193,146 on Sep 05 ’24. The CEO now owns 1,373,273 shares after completing the transaction at $11.36 per share. On Aug 08 ’24, another insider, Sanborn Scott, who serves as the CEO of the company, sold 17,000 shares for $10.25 each. As a result, the insider received 174,304 and left with 1,383,362 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 1295959936 and an Enterprise Value of 359838240. As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.46, and their Forward P/E ratio for the next fiscal year is 13.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 0.334 whereas that against EBITDA is 3.303.
Stock Price History:
The Beta on a monthly basis for LC is 2.05, which has changed by 0.9845891 over the last 52 weeks, in comparison to a change of 0.3069358 over the same period for the S&P500. Over the past 52 weeks, LC has reached a high of $12.87, while it has fallen to a 52-week low of $4.73. The 50-Day Moving Average of the stock is 1.42%, while the 200-Day Moving Average is calculated to be 21.94%.
Shares Statistics:
The stock has traded on average 1.40M shares per day over the past 3-months and 1083500 shares per day over the last 10 days, according to various share statistics. A total of 110.41M shares are outstanding, with a floating share count of 107.64M. Insiders hold about 3.74% of the company’s shares, while institutions hold 75.08% stake in the company. Shares short for LC as of 1726185600 were 3574970 with a Short Ratio of 2.55, compared to 1723680000 on 2869427. Therefore, it implies a Short% of Shares Outstanding of 3574970 and a Short% of Float of 3.6700000000000004.
