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Saturday, June 3, 2023

Analysts Point To LendingClub Corporation (NYSE: LC) Growth In The Future

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 intact, with the stock’s consolidated last price rising by $0.02, or 0.27%, to $7.35. The LendingClub Corporation has recorded 16,183 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that At 73%, Millennials Are the Most Likely Generation to Live Paycheck to Paycheck.

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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 $7.33 and fluctuated between $7.35 as its day high and $7.07 as its day low. The current market capitalization of LendingClub Corporation is $774.63M. A total of 1.67 million shares were traded on the day, compared to an average of 2.10M 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 29 BUY and 8 SELL insider trades, representing the acquisition of 373,440 and the disposition of 213,877 shares. Over the last 12 months, there were 140 BUYs and 51 SELLs from insiders. Insiders purchased 1,997,592 shares during that period but sold 1,068,109.

In the most recent transaction, ARMSTRONG ANNIE sold 38,322 shares of LC for 10.08 per share on Nov 28. After the transaction, the Chief Risk Officer now owns 165,435 company shares. In a previous transaction on Nov 28, Momen Ronnie sold 28,607 shares at 10.08 per share. LC shares that Bank-Chief of Consumer Banking owns now total 180,173.

Among the insiders who sold shares, Kay Valerie disposed of 22,392 shares on Nov 28 at a per-share price of $10.08. This resulted in the Bank-Chief Capital Officer holding 172,497 shares of LC after the transaction. In another insider transaction, PACE BRANDON sold 21,342 shares at $10.08 per share on Nov 28. Company shares held by the Chief Administrative Officer now total 153,078.

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 $11.13 with high estimates of $15.00 and low estimates of $9.00. In terms of 52-week highs and lows, LC has a high of $16.70 and a low of $6.52.

As of this writing, LC has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.13 per share and a lower estimate of -$0.05. The company reported an EPS of $0.19 in the last quarter, which was -5.00% lower than expectations of $0.2.

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. Its Book Value Per Share was $11.02, while its Total Shareholder’s Equity was $850.24M.

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, 8 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 4.14. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 3 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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