What LendingClub Corporation (LC) Insiders Are Up To


LendingClub Corporation (NYSE:LC) traded with a subtraction of -$0.45 to $11.76 on Thursday, a downside of -3.69 percent. An average of 1,147,362 shares of common stock have been traded in the last five days. There was a fall of -$1.13 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,214,585 shares traded, while the 50-day average volume stands at 1,531,350.

LC stock has decreased by -12.03% in the last month. The company shares reached their 1-month lowest point of $11.75 on 09/22/22. With the stock rallying to its 52-week high on 01/12/22, shares of the company touched a low of $11.16 and a high of $49.21 in 52 weeks. It has reached a new high 3 times so far this year and lost -49.50% or -$12.37 in price. In spite of this, the price is down -76.10% from the 52-week high.

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Insider Transactions

27 days have passed since LendingClub Corporation (LC) last reported insider trading activity. ARMSTRONG ANNIE, who is Chief Risk Officer, most recently acquired $37,046 shares at $13.86 per share on Aug 26. In this transaction, the insider spent $513,472. Bank-Chief of Consumer Banking, Momen Ronnie, disposed of 33,726 shares at a price of $13.86 on Aug 26. The insider now owns more than $467,452 worth of shares. Prior to that, SVP, Corporate Controller Stack Fergal went on to Sale 6,040 shares at $13.86 each on Aug 26. An amount of $83,723 was transacted.

Valuation Metrics

LendingClub Corporation (LC) has a trailing price-to-earnings (P/E) ratio of 4.65. The stock’s beta is 2.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.15, the price-to-book (PB) ratio at 1.16, and the price-to-cash flow ratio at 3.38.

Financial Health

Further, the company has a long term debt to equity ratio of 0.26 and a total debt to equity ratio of 4.46 for the quarter ending June 29. Its gross profit as reported stood at $212.83 million compared to revenue of $292.83 million.

Earnings Surprise

The analyst consensus anticipated LendingClub Corporation’s latest quarter earnings to come in at $0.4 per share, but it turned out to be $0.45, a 12.50% surprise. At the end of the quarter ending June 29, LendingClub Corporation’s stock balance sheet showed total debt was $162.0 million. Shareholders own equity worth $103.66 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 21 September was 27.35%, suggesting the stock is oversold, with historical volatility in this time frame at 40.39%.

As of today, LC’s price is $12.33 -8.73% or -$1.13 from its 5-day moving average. LC is currently trading -15.70% lower than its 20-day SMA and -22.56% lower than its 100-day SMA. However, the stock’s current price level is -5.37% below the SMA50 and -59.51% below the SMA200.

The stochastic %K and %D were 3.32% and 8.55%, respectively, and the average true range (ATR) was 0.58. With the 14-day stochastic at 2.45% and the average true range at 0.60, the RSI (14) stands at 33.49%. The stock has reached -0.59 on the 9-day MACD Oscillator while the 14-day reading was at -0.73.

Analyst Ratings

Janney upgraded LendingClub Corporation (NYSE: LC) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. 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 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 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 $15.00 and $40.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for LendingClub Corporation (LC) stock is $22.57.


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