After Hours
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. The stock was recently discussed on Yahoo Finance as it revealed that LendingClub Reports Fourth Quarter and Full Year 2023 Results.
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Stocks Info
LendingClub Corp is listed on the NYSE as a member of the Financial sector and is a part of the Credit Services industry. The current market capitalization of LendingClub Corp is $895.43M. A total of 0.91 million shares were traded on the day, compared to an average of 1.78M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, LC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 72 BUYs and 20 SELLs from insiders. Insiders purchased 1,268,817 shares during that period but sold 520,246.
In the most recent transaction, Selleck Erin bought 10,000 shares of LC for 5.24 per share on Oct 31. After the transaction, the Director now owns 45,135 company shares. In a previous transaction on Oct 31, Morris John C. bought 10,000 shares at 5.23 per share. LC shares that Director owns now total 183,667.
Among the insiders who bought shares, Ahmad Syed Faiz acquired of 10,000 shares on Oct 31 at a per-share price of $5.22. This resulted in the Director holding 25,601 shares of LC after the transaction. In another insider transaction, Whiteside Janey bought 10,000 shares at $5.21 per share on Oct 31. Company shares held by the Director now total 18,617.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for LC in the last 3 months, the mean price target is $10.72 with high estimates of $13.00 and low estimates of $9.50. In terms of 52-week highs and lows, LC has a high of $10.92 and a low of $4.73.
As of this writing, LC has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.07 per share and a lower estimate of $0.01. The company reported an EPS of $0.05 in the last quarter, which was 25.00% higher than expectations of $0.04.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $11.34, while its Total Shareholder’s Equity was $850.24M.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.40.
