At the time of writing, LendingClub Corp [LC] stock is trading at $8.70, down -0.68%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LC shares have gain 3.08% over the last week, with a monthly amount glided 5.97%, and seem to be holding up well over a long-time horizon.
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On 30, January 2024, LendingClub Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Increased Marketplace Originations 21% QoQ with $1B of Structured Certificates Sold.
From an analyst’s perspective:
LendingClub Corp [NYSE: LC] stock has seen the most recent analyst activity on November 28, 2023, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $8. Previously, Jefferies started tracking the stock with Buy rating on June 16, 2023, and set its price target to $13.50. On April 11, 2023, JP Morgan initiated with a Overweight rating and assigned a price target of $11 on the stock. Janney downgraded its rating to a Neutral but stick to its price target of $10 on January 26, 2023. Janney upgraded its rating to a Buy but $32 remained the price target by the analyst firm on January 12, 2022. Seaport Research Partners started tracking with a Buy rating for this stock on January 11, 2022, and assigned it a price target of $35.
For the past year, the stock price of LendingClub Corp fluctuated between $4.73 and $10.92. Currently, Wall Street analysts expect the stock to reach $21 within the next 12 months. LendingClub Corp [NYSE: LC] shares were valued at $8.70 at the most recent close of the market. An investor can expect a potential return of 141.38% based on the average LC price forecast.
Analyzing the LC fundamentals
According to LendingClub Corp [NYSE:LC], the company’s sales were 1.27B for trailing twelve months, which represents an -0.28% plunge. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.03 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 8.52 points at the first support level, and at 8.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.81, and for the 2nd resistance point, it is at 8.91.
LendingClub Corp [LC] reported earnings per share of $0.09 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.01/share, meaning a difference of $0.08 and a surprise factor of 800.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.05 per share as compared to estimates of $0.04 per share, a difference of $0.01 representing a surprise of 25.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 0.77 and price to earnings (TTM) ratio is 24.18.
Transactions by insiders
Recent insider trading involved Selleck Erin, Director, that happened on Oct 31 ’23 when 10000.0 shares were purchased. Director, Morris John C. completed a deal on Oct 31 ’23 to buy 10000.0 shares. Meanwhile, Director Ahmad Syed Faiz bought 10000.0 shares on Oct 31 ’23.
