LendingClub Corp (NYSE:LC) – Investment analysts at Wedbush issued their Q1 2020 earnings per share (EPS) estimates for shares of LendingClub in a report issued on Wednesday, November 6th. Wedbush analyst H. Coffey expects that the credit services provider will earn ($0.03) per share for the quarter. Wedbush also issued estimates for LendingClub’s Q3 2020 earnings at $0.18 EPS and Q4 2020 earnings at $0.21 EPS.

LendingClub (NYSE:LC) last released its quarterly earnings results on Tuesday, November 5th. The credit services provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $204.90 million during the quarter, compared to analyst estimates of $204.63 million. LendingClub had a negative return on equity of 1.02% and a negative net margin of 5.91%. LendingClub’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 EPS.

A number of other equities research analysts have also commented on LC. Zacks Investment Research lowered LendingClub from a “buy” rating to a “hold” rating in a research report on Saturday, October 12th. BTIG Research lowered their price target on LendingClub from $30.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Maxim Group reissued a “buy” rating and issued a $23.00 price target on shares of LendingClub in a research report on Thursday. ValuEngine raised LendingClub from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley reduced their price objective on LendingClub from $23.75 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, July 12th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. LendingClub has a consensus rating of “Buy” and an average price target of $21.00.

NYSE LC traded up $0.11 on Friday, reaching $14.76. The company had a trading volume of 508,253 shares, compared to its average volume of 551,475. The stock has a market capitalization of $1.27 billion, a P/E ratio of -42.17 and a beta of 1.60. The company’s fifty day moving average is $12.90 and its 200 day moving average is $9.62. LendingClub has a 52-week low of $10.89 and a 52-week high of $18.85. The company has a quick ratio of 5.81, a current ratio of 7.06 and a debt-to-equity ratio of 2.11.

In other LendingClub news, insider Timothy Bogan sold 10,463 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $14.34, for a total value of $150,039.42. Following the completion of the transaction, the insider now owns 59,541 shares in the company, valued at approximately $853,817.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Valerie Kay sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $24.53, for a total value of $245,300.00. Insiders sold a total of 28,563 shares of company stock valued at $510,603 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Nikko Asset Management Americas Inc. grew its stake in shares of LendingClub by 35.2% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 25,692,140 shares of the credit services provider’s stock worth $84,270,000 after acquiring an additional 6,690,424 shares during the period. BlackRock Inc. grew its stake in shares of LendingClub by 1.8% during the 2nd quarter. BlackRock Inc. now owns 24,733,574 shares of the credit services provider’s stock worth $81,126,000 after acquiring an additional 425,690 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of LendingClub during the 3rd quarter worth $83,981,000. HarbourVest Partners LLC grew its stake in shares of LendingClub by 3.5% during the 2nd quarter. HarbourVest Partners LLC now owns 2,567,206 shares of the credit services provider’s stock worth $8,420,000 after acquiring an additional 87,000 shares during the period. Finally, Harbourvest Partners LLC boosted its stake in LendingClub by 3.5% in the 2nd quarter. Harbourvest Partners LLC now owns 2,567,206 shares of the credit services provider’s stock worth $8,420,000 after purchasing an additional 87,000 shares during the period.

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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Earnings History and Estimates for LendingClub (NYSE:LC)

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