A share price of LendingClub Corp [LC] is currently trading at $11.15, down -2.45%. 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 2.39% over the last week, with a monthly amount drifted -8.23%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
LendingClub Corp [NYSE: LC] stock has seen the most recent analyst activity on June 07, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $12. Previously, Piper Sandler started tracking the stock with Overweight rating on November 28, 2023, and set its price target to $8. On June 16, 2023, Jefferies initiated with a Buy rating and assigned a price target of $13.50 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $11 on April 11, 2023. Janney downgraded its rating to a Neutral but $10 remained the price target by the analyst firm on January 26, 2023. Janney upgraded its rating to Buy for this stock on January 12, 2022, but kept the price target unchanged to $32. In a note dated January 11, 2022, Seaport Research Partners initiated an Buy rating and provided a target price of $35 on this stock.
LendingClub Corp experienced fluctuations in its stock price throughout the past year between $4.73 and $12.87. Currently, Wall Street analysts expect the stock to reach $13.9 within the next 12 months. LendingClub Corp [NYSE: LC] shares were valued at $11.15 at the most recent close of the market. An investor can expect a potential return of 24.66% based on the average LC price forecast.
Analyzing the LC fundamentals
Trailing Twelve Months sales for LendingClub Corp [NYSE:LC] were 1.27B which represents 1.85% growth. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.05%, 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 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 10.93 points at the first support level, and at 10.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.43, and for the 2nd resistance point, it is at 11.70.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.98, the price to book ratio is 0.97 and price to earnings (TTM) ratio is 29.14.
Transactions by insiders
Recent insider trading involved Sanborn Scott, CEO, that happened on Sep 05 ’24 when 17000.0 shares were sold. CEO, Sanborn Scott completed a deal on Aug 08 ’24 to sell 17000.0 shares. Meanwhile, Director SCOTT SANBORN bought 68000.0 shares on Aug 08 ’24.
