LendingClub Corp (LC) concluded trading on Wednesday at a closing price of $9.02, with 6.49 million shares of worth about $58.5 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.36% during that period and on Wednesday, January 31 the price saw a gain of about 3.20%. Currently the company’s common shares owned by public are about 110.41M shares, out of which, 105.36M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 128 times over the past 12 months. They bought 1,636,467 shares in 100 of the transactions. In 28 selling transactions, insiders dumped 734,123 shares.
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Stock saw a price change of 4.16% in past 5 days and over the past one month there was a price change of 3.20%. Year-to-date (YTD), LC shares are showing a performance of 3.20% which decreased to -4.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.73 but also hit the highest price of $10.92 during that period. The average intraday trading volume for LendingClub Corp shares is 1.63 million. The stock is currently trading 6.21% above its 20-day simple moving average (SMA20), while that difference is up 17.32% for SMA50 and it goes to 20.43% higher than SMA200.
LendingClub Corp (NYSE: LC) currently have 110.41M outstanding shares and institutions hold larger chunk of about 73.00% of that.
The stock has a current market capitalization of $989.04M and its 3Y-monthly beta is at 2.01. PE ratio of stock for trailing 12 months is 25.24, while it has posted earnings per share of $0.36 in the same period. It has a debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LC, volatility over the week remained 5.10% while standing at 4.24% over the month.
Analysts are in expectations that LendingClub Corp (LC) stock would likely to be making an EPS of $0.04 in the current quarter, while forecast for next quarter EPS is $0.07 and it is $0.93 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -33.89% while it is estimated to increase by 263.75% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on November 28, 2023 offering an Overweight rating for the stock and assigned a target price of $8 to it.
