LendingClub (LC) Expected to Announce Quarterly Earnings on Tuesday

LendingClub (NYSE:LC - Get Free Report) is expected to be releasing its Q4 2024 earnings data after the market closes on Tuesday, January 28th. Analysts expect LendingClub to post earnings of $0.09 per share and revenue of $206.43 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

LendingClub Price Performance

Shares of NYSE LC traded down $0.81 during midday trading on Friday, hitting $13.47. The stock had a trading volume of 3,658,387 shares, compared to its average volume of 2,295,948. LendingClub has a fifty-two week low of $7.48 and a fifty-two week high of $18.75. The firm has a market cap of $1.51 billion, a P/E ratio of 29.93 and a beta of 2.03. The company's 50-day simple moving average is $16.33 and its 200 day simple moving average is $13.54.

Wall Street Analyst Weigh In

Several research firms have weighed in on LC. Wedbush increased their target price on shares of LendingClub from $14.00 to $17.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Piper Sandler reissued an "overweight" rating and issued a $19.00 target price (down from $20.00) on shares of LendingClub in a research note on Wednesday. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $16.00 price objective (down from $17.00) on shares of LendingClub in a research report on Wednesday. StockNews.com downgraded shares of LendingClub from a "hold" rating to a "sell" rating in a report on Friday, October 25th. Finally, Maxim Group raised their price objective on shares of LendingClub from $16.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $16.38.

Insider Buying and Selling

In other news, CEO Scott Sanborn sold 17,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $16.12, for a total value of $274,040.00. Following the sale, the chief executive officer now directly owns 1,312,184 shares in the company, valued at approximately $21,152,406.08. This trade represents a 1.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Jordan Cheng sold 22,000 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $14.83, for a total transaction of $326,260.00. Following the transaction, the general counsel now owns 89,385 shares of the company's stock, valued at $1,325,579.55. This trade represents a 19.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,000 shares of company stock valued at $1,122,710 over the last 90 days. 3.31% of the stock is owned by corporate insiders.

LendingClub Company Profile

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.