Investing In LendingClub Corp (NYSE: LC): Why Should You?

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. Earlier, Yahoo Finance discussed this stock as it revealed LendingClub Reports Fourth Quarter and Full Year 2023 Results.

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Stocks Info

The company is listed on the NYSE and operates within the Credit Services industry segment. The current market capitalization of LendingClub Corp is $944.01M. A total of 1.0 million shares were traded on the day, compared to an average of 1.55M shares.

In the most recent transaction, Selleck Erin bought 10,000 shares of LC for 5.24 per share on Oct 31 ’23. After the transaction, the Director now owns 45,135 company shares. In a previous transaction on Oct 31 ’23, 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 ’23 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 ’23. Company shares held by the Director now total 18,617.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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

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. 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 4.56.

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