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As of close of business last night, LendingClub Corp’s stock clocked out at $14.15, down -0.56% from its previous closing price of $14.23. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 1.76 million shares were traded. LC stock price reached its highest trading level at $14.47 during the session, while it also had its lowest trading level at $13.9901.
Ratios:
To gain a deeper understanding of LC’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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, Maxim Group on October 25, 2024, Reiterated its Buy rating but revised its target price to $19 from $16 previously.
On October 10, 2024, Keefe Bruyette Upgraded its rating to Outperform which previously was Mkt Perform and also upped its target price recommendation from $11.50 to $15.
On June 07, 2024, BTIG Research started tracking the stock assigning a Buy rating and target price of $12.BTIG Research initiated its Buy rating on June 07, 2024, with a $12 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 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 1599473536 and an Enterprise Value of 576241152. As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.52, and their Forward P/E ratio for the next fiscal year is 16.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.23 while its Price-to-Book (P/B) ratio in mrq is 1.18. Its current Enterprise Value per Revenue stands at 0.52 whereas that against EBITDA is 2.618.
Stock Price History:
Over the past 52 weeks, LC has reached a high of $15.52, while it has fallen to a 52-week low of $4.98. The 50-Day Moving Average of the stock is 20.03%, while the 200-Day Moving Average is calculated to be 47.50%.
Shares Statistics:
It appears that LC traded 1.60M shares on average per day over the past three months and 2397320 shares per day over the past ten days. A total of 110.41M shares are outstanding, with a floating share count of 107.65M. Insiders hold about 3.72% of the company’s shares, while institutions hold 76.01% stake in the company. Shares short for LC as of 1728950400 were 3800945 with a Short Ratio of 2.37, compared to 1726185600 on 3574970. Therefore, it implies a Short% of Shares Outstanding of 3800945 and a Short% of Float of 3.88.
