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As of close of business last night, LendingClub Corp’s stock clocked out at $8.20, down -4.54% from its previous closing price of $8.59. In other words, the price has decreased by -$4.54 from its previous closing price. On the day, 1.43 million shares were traded. LC stock price reached its highest trading level at $8.51 during the session, while it also had its lowest trading level at $8.17.
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, Piper Sandler on November 28, 2023, initiated with a Overweight rating and assigned the stock a target price of $8.
On June 16, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $13.50.
On April 11, 2023, JP Morgan started tracking the stock assigning a Overweight rating and target price of $11.JP Morgan initiated its Overweight rating on April 11, 2023, with a $11 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 May 31 ’24 when Selleck Erin sold 4,083 shares for $8.88 per share. The transaction valued at 36,257 led to the insider holds 54,571 shares of the business.
Selleck Erin bought 10,000 shares of LC for $52,425 on Oct 31 ’23. The Director now owns 45,135 shares after completing the transaction at $5.24 per share. On Oct 31 ’23, another insider, Morris John C., who serves as the Director of the company, bought 10,000 shares for $5.23 each. As a result, the insider paid 52,283 and bolstered with 183,667 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 911184000 and an Enterprise Value of 142596400. As of this moment, LendingClub’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.93, and their Forward P/E ratio for the next fiscal year is 11.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.72 while its Price-to-Book (P/B) ratio in mrq is 0.72. Its current Enterprise Value per Revenue stands at 0.13 whereas that against EBITDA is 1.372.
Stock Price History:
Over the past 52 weeks, LC has reached a high of $10.92, while it has fallen to a 52-week low of $4.73. The 50-Day Moving Average of the stock is -5.23%, while the 200-Day Moving Average is calculated to be 9.22%.
Shares Statistics:
It appears that LC traded 1.24M shares on average per day over the past three months and 814060 shares per day over the past ten days. A total of 110.41M shares are outstanding, with a floating share count of 107.01M. Insiders hold about 3.70% of the company’s shares, while institutions hold 76.43% stake in the company. Shares short for LC as of 1715731200 were 2884947 with a Short Ratio of 2.32, compared to 1713139200 on 2230837. Therefore, it implies a Short% of Shares Outstanding of 2884947 and a Short% of Float of 2.98.
