Here is how LendingClub Corporation (LC) stock might take investors finances to the next level

Currently, LendingClub Corporation [LC] is trading at $12.21, down -0.89%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LC shares have lost -4.39% over the last week, with a monthly amount drifted -12.03%, and not seem to be holding up well over a long-time horizon.

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On 7, September 2022, Great Place to Work® Names LendingClub One of the 2022 Fortune Best Workplaces in Financial Services & Insurance™. In a post published today on Yahoo Finance, Great Place to Work® and Fortune have honored LendingClub as one of the 2022 Best Workplaces in Financial Services & Insurance™. With LendingClub becoming Great Place to Work® certified earlier this year, this is the first time LendingClub has been recognized on the Fortune list.

From an analyst’s perspective:

LendingClub Corporation [NYSE: LC] stock has seen the most recent analyst activity on January 12, 2022, when Janney upgraded its rating to a Buy but kept the price target unchanged to $32 for it. Previously, Seaport Research Partners started tracking the stock with Buy rating on January 11, 2022, and set its price target to $35. Compass Point upgraded its rating to a Buy but stick to its price target of $55 on October 28, 2021. Maxim Group upgraded its rating to a Buy but $35 remained the price target by the analyst firm on August 20, 2021. Oppenheimer downgraded its rating to Perform for this stock on July 10, 2020. In a note dated April 14, 2020, Maxim Group downgraded an Hold rating on this stock.

This stock has fluctuated between a low of $11.16 and a high of $49.21 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $23.83 within the next 12 months. LendingClub Corporation [NYSE: LC] shares were valued at $12.21 at the most recent close of the market. An investor can expect a potential return of 95.17% based on the average price forecast.

Analyzing the LC fundamentals

Recent quarter sales for LendingClub Corporation [NYSE:LC] were 332.65 billion which represents 61.50% growth. Gross Margin for this corporation currently stands at +94.33% with Operating Margin at +10.29%, Pretax Margin comes in at +2.06%, and Net Margin reading is +2.08%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.99 points at the first support level, and at 11.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.60, and for the 2nd resistance point, it is at 12.99.

LendingClub Corporation [LC] reported earnings per share of $0.45 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.4/share, meaning a difference of $0.05 and a surprise factor of 12.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.39 per share as compared to estimates of $0.24 per share, a difference of $0.15 representing a surprise of 62.50%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 2.76, the price to book ratio is 2.87 and the P/E (TTM) ratio is 4.65.

Transactions by insiders

Insider trading has also been a hot topic recently, with 3 insiders purchasing 60,663 shares and 3 selling 22,691 shares in the past 3 months. Recent insider trading involved ARMSTRONG ANNIE, Chief Risk Officer, that happened on Aug 26 when 37046.0 shares were sold. Bank-Chief of Consumer Banking, Momen Ronnie completed a deal on Aug 26 to sell 33726.0 shares. Meanwhile, SVP, Corporate Controller Stack Fergal sold 6040.0 shares on Aug 26.