Analysts’ Views On LendingClub Corporation (LC)

LendingClub Corporation (NYSE:LC) finished Wednesday with an addition of $1.03 to close at $32.23, an upside of 3.30 percent. An average of 2,795,580 shares of common stock have been traded in the last five days. There was a gain of $3.62 in the past week. The last 20 days have seen an average of 1,948,540 shares traded, while the 50-day average volume stands at 1,861,950.

LC stock has increased by 12.10% in the last month. The company shares reached their 1-month lowest point of $26.34 on 09/20/21. With the stock rallying to its 52-week high on 09/07/21, shares of the company touched a low of $4.40 and a high of $33.30 in 52 weeks. In spite of this, the price is down -3.21% from the 52-week high.

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Insider Transactions

7 days have passed since LendingClub Corporation (LC) last reported insider trading activity. ARMSTRONG ANNIE, who is Chief Risk Officer, most recently acquired $3,686 shares at $29.19 per share on Oct 07. In this transaction, the insider spent $107,594. Director, Athey Susan C, disposed of 8,310 shares at a price of $29.20 on Sep 15. The insider now owns more than $242,652 worth of shares. Prior to that, Chief Risk Officer ARMSTRONG ANNIE went on to Sale 3,686 shares at $31.37 each on Sep 07. An amount of $115,630 was transacted.

Valuation Metrics

LendingClub Corporation (LC) has a trailing price-to-earnings (P/E) ratio of 14.40 for the broader industry and 12.72 for the sector. The stock’s beta is 1.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.92, the price-to-book (PB) ratio at 4.13, and the price-to-cash flow ratio at 6.44.

Further, the company has a long term debt to equity ratio of 0.94 and a total debt to equity ratio of 4.36 for the quarter ending June 29. Its gross profit as reported stood at $68.19 million compared to revenue of $209.69 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, LendingClub Corporation’s return on assets was -3.10%, compared to -1.9% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been -13.40% and the 5-year average holds at -9.8%. For the broader industry, ROE averaged 16.40 over the past year.

Earnings Surprise

For the three-month period that ended June 29, LendingClub Corporation had $277.51 million in cash. The analyst consensus anticipated LendingClub Corporation’s latest quarter earnings to come in at -$0.43 per share, but it turned out to be $0.09, a 120.90% surprise. At the end of the quarter ending June 29, LendingClub Corporation’s stock balance sheet showed total debt was $881.66 million. Shareholders own equity worth $98.6 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at LendingClub Corporation (LC) price momentum. RSI 9-day as of the close on 13 October was 72.53%, suggesting the stock is Overbought, with historical volatility in this time frame at 29.87%.

As of today, LC’s price is $30.83 +12.65% or $3.62 from its 5-day moving average. LC is currently trading +12.34% higher than its 20-day SMA and +133.38% higher than its 100-day SMA. However, the stock’s current price level is +23.68% above the SMA50 and +276.96% above the SMA200.

The stochastic %K and %D were 84.99% and 79.20%, respectively, and the average true range (ATR) was 1.74. With the 14-day stochastic at 89.44% and the average true range at 1.70, the RSI (14) stands at 65.96%. The stock has reached 1.66 on the 9-day MACD Oscillator while the 14-day reading was at 2.29.

Analyst Ratings

Maxim Group upgraded LendingClub Corporation (NYSE: LC) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Hold.The consensus rating for LendingClub Corporation (LC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LC, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is LC’s price target for the next 12 months?

Analysts predict a range of price targets between $14.00 and $35.00, with a median target of $28.00. Taking a look at these predictions, the average price target given by analysts for LendingClub Corporation (LC) stock is $26.92.


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