At the time of writing, LendingClub Corp [LC] stock is trading at $14.23, up 4.71%. An important factor to consider is whether the stock is rising or falling in short-term value. The LC shares have gain 15.88% over the last week, with a monthly amount glided 29.01%, 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 25, 2024, when Maxim Group reiterated its Buy rating and also boosted its price target to $19 from $16. Previously, Keefe Bruyette upgraded its rating to Outperform on October 10, 2024, and elevated its price target to $15. On June 07, 2024, BTIG Research initiated with a Buy rating and assigned a price target of $12 on the stock. Piper Sandler started tracking the stock assigning a Overweight rating and suggested a price target of $8 on November 28, 2023. Jefferies initiated its recommendation with a Buy and recommended $13.50 as its price target on June 16, 2023. JP Morgan started tracking with a Overweight rating for this stock on April 11, 2023, and assigned it a price target of $11. In a note dated January 26, 2023, Janney downgraded an Neutral rating on this stock but restated the target price of $10.
For the past year, the stock price of LendingClub Corp fluctuated between $4.73 and $15.52. Currently, Wall Street analysts expect the stock to reach $15.3 within the next 12 months. LendingClub Corp [NYSE: LC] shares were valued at $14.23 at the most recent close of the market. An investor can expect a potential return of 7.52% based on the average LC price forecast.
Analyzing the LC fundamentals
According to LendingClub Corp [NYSE:LC], the company’s sales were 1.29B for trailing twelve months, which represents an 7.35% jump. Gross Profit Margin for this corporation currently stands at 0.69% 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 0.04 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 0.0.
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 13.76 points at the first support level, and at 13.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.65, and for the 2nd resistance point, it is at 15.06.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.23, the price to book ratio is 1.19 and price to earnings (TTM) ratio is 30.69.
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.
