Saturday, April 10, 2021

Wall Street Analyst Downgrade LendingClub Corporation [LC]. What else is Wall St. saying

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LendingClub Corporation [NYSE: LC] plunged by -$0.14 during the normal trading session on Wednesday and reaching a high of $16.46 during the day while it closed the day at $15.70. The company report on April 8, 2021 that LendingClub Schedules First Quarter 2021 Earnings Release and Conference Call.

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LendingClub Corporation (NYSE: LC), America’s first digital marketplace bank, announced that it will report earnings for the first quarter 2021 on Wednesday, April 28, 2021, after-market hours.

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LendingClub will host a conference call to discuss the first quarter 2021 financial results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

LendingClub Corporation stock has also loss -3.68% of its value over the past 7 days. However, LC stock has inclined by 63.71% in the 3 months of the year. Over the past six months meanwhile, it has gained 219.76% and gained 48.67% year-on date.

The market cap for LC stock reached $1.48 billion, with 81.39 million shares outstanding and 75.73 million shares in the current float. Compared to the average trading volume of 2.76M shares, LC reached a trading volume of 4774005 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about LendingClub Corporation [LC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LC shares is $14.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LC stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for LendingClub Corporation shares, keeping their opinion on the stock as Perform, with their previous recommendation back on July 10, 2020. The new note on the price target was released on April 14, 2020, representing the official price target for LendingClub Corporation stock. Previously, the target price had yet another drop from $23 to $20, while Maxim Group kept a Buy rating on LC stock.

The Average True Range (ATR) for LendingClub Corporation is set at 1.75, with the Price to Sales ratio for LC stock in the period of the last 12 months amounting to 3.24. The Price to Book ratio for the last quarter was 1.76, with the Price to Cash per share for the same quarter was set at 5.57. Price to Free Cash Flow for LC in the course of the last twelve months was 3.82.

LC stock trade performance evaluation

LendingClub Corporation [LC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.68. With this latest performance, LC shares gained by 43.90% in over the last four-week period, additionally plugging by 219.76% over the last 6 months – not to mention a rise of 111.88% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LC stock in for the last two-week period is set at 49.57, with the RSI for the last a single of trading hit 44.65, and the three-weeks RSI is set at 52.37 for LendingClub Corporation [LC]. The present Moving Average for the last 50 days of trading for this stock 14.01, while it was recorded at 15.99 for the last single week of trading, and 8.32 for the last 200 days.

LendingClub Corporation [LC]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and LendingClub Corporation [LC] shares currently have an operating margin of -3.70 and a Gross Margin at +77.10. LendingClub Corporation’s Net Margin is presently recorded at -36.43.

Return on Total Capital for LC is now -1.51, given the latest momentum, and Return on Invested Capital for the company is -16.04. Return on Equity for this stock declined to -23.09, with Return on Assets sitting at -7.74. When it comes to the capital structure of this company, LendingClub Corporation [LC] has a Total Debt to Total Equity ratio set at 27.55. Additionally, LC Total Debt to Total Capital is recorded at 21.60, with Total Debt to Total Assets ending up at 10.71. Long-Term Debt to Equity for the company is recorded at 24.89, with the Long-Term Debt to Total Capital now at 19.51.

Reflecting on the efficiency of the workforce at the company, LendingClub Corporation [LC] managed to generate an average of -$182,076 per employee. Receivables Turnover for the company is 21.75 with a Total Asset Turnover recorded at a value of 0.21.

Earnings per share (EPS) analysis for LendingClub Corporation [LC] stock

With the latest financial reports released by the company, LendingClub Corporation posted -0.44/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -528.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for LendingClub Corporation go to -8.60%.

LendingClub Corporation [LC]: Insider Ownership positions

There are presently around $1,090 million, or 75.00% of LC stock, in the hands of institutional investors. The top three institutional holders of LC stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 7,455,162, which is approximately -0.437% of the company’s market cap and around 1.50% of the total institutional ownership; BLACKROCK INC., holding 6,181,060 shares of the stock with an approximate value of $97.04 million in LC stocks shares; and VANGUARD GROUP INC, currently with $91.77 million in LC stock with ownership of nearly 27.522% of the company’s market capitalization.

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Positions in LendingClub Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 76 institutional holders increased their position in LendingClub Corporation [NYSE:LC] by around 12,998,438 shares. Additionally, 50 investors decreased positions by around 7,001,009 shares, while 25 investors held positions by with 49,440,601 shares. The mentioned changes placed institutional holdings at 69,440,048 shares, according to the latest SEC report filing. LC stock had 33 new institutional investments in for a total of 4,129,729 shares, while 16 institutional investors sold positions of 1,929,905 shares during the same period.

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