LendingClub Corporation [NYSE: LC] gained 6.13% or 1.02 points to close at $17.67 with a heavy trading volume of 1745443 shares. The company report on June 15, 2021 that Tenacity Venture Capital Launches to Make High-Conviction Investments in Transformative Seed Stage Companies.
NEA is First Committed Investor for Spinout Fund.
Tenacity Venture Capital announced the launch of its inaugural fund, which will invest in transformative technology companies in the formation, pre-seed and seed stages. Founded by 25-year entrepreneur and investor Ben Narasin, the fund spins out with initial commitments from NEA as well as other leading investors and serial entrepreneurs.
It opened the trading session at $16.55, the shares rose to $17.83 and dropped to $16.54, the range by which the price of stock traded the whole day. The daily chart for LC points out that the company has recorded 94.18% gains over the past six months. However, it is still -309.03% lower than its most recent low trading price.
If we look at the average trading volume of 2.85M shares, LC reached to a volume of 1745443 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $16.60 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 0.85, with the Price to Sales ratio for LC stock in the period of the last 12 months amounting to 4.18. The Price to Book ratio for the last quarter was 2.23, with the Price to Cash per share for the same quarter was set at 8.85. Price to Free Cash Flow for LC in the course of the last twelve months was 2.98.
Trading performance analysis for LC stock
LendingClub Corporation [LC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.19. With this latest performance, LC shares gained by 36.13% in over the last four-week period, additionally plugging by 94.18% over the last 6 months – not to mention a rise of 224.82% 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 68.17, with the RSI for the last a single of trading hit 73.40, and the three-weeks RSI is set at 63.81 for LendingClub Corporation [LC]. The present Moving Average for the last 50 days of trading for this stock 14.80, while it was recorded at 16.69 for the last single week of trading, and 10.59 for the last 200 days.
LendingClub Corporation [LC]: A deeper dive into fundamental analysis
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.
LendingClub Corporation [LC]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, LendingClub Corporation posted -0.6/share EPS, while the average EPS was predicted by analysts to be reported at -0.51/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -17.60%. 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%.
An analysis of insider ownership at LendingClub Corporation [LC]
There are presently around $1,401 million, or 85.60% 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 7,268,414, which is approximately -2.505% of the company’s market cap and around 2.00% of the total institutional ownership; BLACKROCK INC., holding 6,482,893 shares of the stock with an approximate value of $114.55 million in LC stocks shares; and VANGUARD GROUP INC, currently with $111.74 million in LC stock with ownership of nearly 8.188% of the company’s market capitalization.
Positions in LendingClub Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 91 institutional holders increased their position in LendingClub Corporation [NYSE:LC] by around 23,558,956 shares. Additionally, 67 investors decreased positions by around 14,343,946 shares, while 22 investors held positions by with 41,401,247 shares. The mentioned changes placed institutional holdings at 79,304,149 shares, according to the latest SEC report filing. LC stock had 46 new institutional investments in for a total of 16,127,406 shares, while 20 institutional investors sold positions of 1,527,430 shares during the same period.