LendingClub Corp [LC] stock prices are down -0.40% to $12.43 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LC shares have gain 7.25% over the last week, with a monthly amount glided 15.84%, and 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 October 10, 2024, when Keefe Bruyette upgraded its rating to a Outperform and also boosted its price target to $15 from $11.50. Previously, BTIG Research started tracking the stock with Buy rating on June 07, 2024, and set its price target to $12. On November 28, 2023, Piper Sandler initiated with a Overweight rating and assigned a price target of $8 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $13.50 on June 16, 2023. JP Morgan initiated its recommendation with a Overweight and recommended $11 as its price target on April 11, 2023. Janney downgraded its rating to Neutral for this stock on January 26, 2023, but kept the price target unchanged to $10. In a note dated January 12, 2022, Janney upgraded an Buy rating on this stock but restated the target price of $32.
The stock price of LendingClub Corp [LC] has been fluctuating between $4.73 and $12.87 over the past year. Currently, Wall Street analysts expect the stock to reach $13.9 within the next 12 months. LendingClub Corp [NYSE: LC] shares were valued at $12.43 at the most recent close of the market. An investor can expect a potential return of 11.83% based on the average LC price forecast.
Analyzing the LC fundamentals
The LendingClub Corp [NYSE:LC] reported sales of 1.27B for trailing twelve months, representing a surge of 1.85%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 12.12 points at the first support level, and at 11.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.69, and for the 2nd resistance point, it is at 12.94.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.10, the price to book ratio is 1.08 and price to earnings (TTM) ratio is 32.49.
Transactions by insiders
Recent insider trading involved Sanborn Scott, CEO, that happened on Oct 03 ’24 when 17000.0 shares were sold. CEO, Sanborn Scott completed a deal on Sep 05 ’24 to sell 17000.0 shares. Meanwhile, CEO Sanborn Scott sold 17000.0 shares on Aug 08 ’24.
