Analysts expect that LendingClub Corp (NYSE:LC) will post $197.89 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for LendingClub’s earnings, with the highest sales estimate coming in at $199.87 million and the lowest estimate coming in at $196.00 million. LendingClub reported sales of $181.52 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, February 18th.
On average, analysts expect that LendingClub will report full-year sales of $768.41 million for the current financial year, with estimates ranging from $766.00 million to $769.99 million. For the next fiscal year, analysts expect that the company will post sales of $868.67 million, with estimates ranging from $841.34 million to $899.83 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow LendingClub.
Several research analysts recently weighed in on the stock. Maxim Group restated a “buy” rating and set a $23.00 price target on shares of LendingClub in a report on Thursday, November 7th. Zacks Investment Research cut shares of LendingClub from a “buy” rating to a “hold” rating in a report on Saturday, January 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $20.40.
In related news, insider Timothy Bogan sold 11,425 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $13.16, for a total transaction of $150,353.00. Following the transaction, the insider now directly owns 48,116 shares in the company, valued at $633,206.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 15,225 shares of company stock worth $197,777. 4.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in LendingClub in the third quarter worth about $83,981,000. ARK Investment Management LLC raised its position in shares of LendingClub by 4.3% in the fourth quarter. ARK Investment Management LLC now owns 4,258,140 shares of the credit services provider’s stock valued at $53,738,000 after purchasing an additional 173,700 shares during the period. Nomura Holdings Inc. bought a new stake in shares of LendingClub in the third quarter valued at approximately $28,181,000. State Street Corp raised its position in shares of LendingClub by 1.9% in the fourth quarter. State Street Corp now owns 1,384,219 shares of the credit services provider’s stock valued at $17,469,000 after purchasing an additional 26,075 shares during the period. Finally, Nuveen Asset Management LLC bought a new stake in shares of LendingClub in the second quarter valued at approximately $4,253,000. 91.96% of the stock is currently owned by institutional investors and hedge funds.
LendingClub stock opened at $13.17 on Friday. LendingClub has a fifty-two week low of $10.89 and a fifty-two week high of $18.85. The stock has a market cap of $1.15 billion, a PE ratio of -25.33 and a beta of 1.51. The firm’s 50-day simple moving average is $12.28 and its 200 day simple moving average is $13.11. The company has a debt-to-equity ratio of 1.97, a quick ratio of 4.20 and a current ratio of 5.93.
LendingClub Company Profile
LendingClub Corporation operates an online lending marketplace platform that connects borrowers and investors in the United States. The company's marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient installment loans, auto refinance loans, and small business loans.
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