This Is Too Hot For LendingClub Corporation (NYSE: LC), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for LendingClub Corporation (LC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.57, or -4.67%, to $11.64. Volume reached 35,932 shares, with price reaching a high of $11.56 and a low of $11.56. Most recently, Yahoo Finance reported about the stock as it publicized that Great Place to Work® Names LendingClub One of the 2022 Fortune Best Workplaces in Financial Services & Insurance™.

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Stocks Info

As a NYSE listed company, LC falls under the Financial sector while operating within the Credit Services industry segment. At the end of the last regular session, the stock closed at $11.56 and fluctuated between $12.14 as its day high and $11.49 as its day low. The current market capitalization of LendingClub Corporation is $1.22B. A total of 1.75 million shares were traded on the day, compared to an average of 1.58M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, LC has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 60,663 and the disposition of 22,691 shares. Over the last 12 months, there were 111 BUYs and 81 SELLs from insiders. Insiders purchased 1,096,062 shares during that period but sold 593,105.

In the most recent transaction, ARMSTRONG ANNIE sold 37,046 shares of LC for 13.86 per share on Aug 26. After the transaction, the Chief Risk Officer now owns 134,156 company shares. In a previous transaction on Aug 26, Momen Ronnie sold 33,726 shares at 13.86 per share. LC shares that Bank-Chief of Consumer Banking owns now total 166,594.

Among the insiders who sold shares, Stack Fergal disposed of 6,040 shares on Aug 26 at a per-share price of $13.86. This resulted in the SVP, Corporate Controller holding 136,514 shares of LC after the transaction. In another insider transaction, Kay Valerie sold 21,662 shares at $13.86 per share on Aug 26. Company shares held by the Bank-Chief Capital Officer now total 156,303.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for LC in the last 3 months, the mean price target is $22.57 with high estimates of $40.00 and low estimates of $15.00. In terms of 52-week highs and lows, LC has a high of $49.21 and a low of $11.16.

As of this writing, LC has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.38 per share and a lower estimate of $0.33. The company reported an EPS of $0.45 in the last quarter, which was 9.76% higher than expectations of $0.41.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LC is Overweight with a score of 5.00. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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