LendingClub Corp [NYSE: LC] traded at a high on Thursday, posting a 10.91 gain after which it closed the day’ session at $13.82.
The results of the trading session contributed to over 8587131 shares changing hands. Over the past one week, the price volatility of LendingClub Corp stands at 5.50% while the volatility over the past one month is 4.37%.
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The market cap for LC stock reached $1.55 billion, with 110.41 million shares outstanding and 107.65 million shares in the current float. Compared to the average trading volume of 1.46M shares, LC reached a trading volume of 8587131 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about LendingClub Corp [LC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LC shares is $15.30 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 1.20. 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.
Keefe Bruyette have made an estimate for LendingClub Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 10, 2024. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on June 07, 2024, representing the official price target for LendingClub Corp stock. Previously, the target price had yet another raise to $8, while Piper Sandler analysts kept a Overweight rating on LC stock.
The Average True Range (ATR) for LendingClub Corp is set at 0.66, with the Price to Sales ratio for LC stock in the period of the last 12 months amounting to 1.20. The Price to Book ratio for the last quarter was 1.16, with the Price to Cash per share for the same quarter was set at 9.39.
How has LC stock performed recently?
LendingClub Corp [LC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.97. With this latest performance, LC shares gained by 30.62% in over the last four-week period, additionally plugging by 72.32% over the last 6 months – not to mention a rise of 159.77% 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 70.12, with the RSI for the last a single of trading hit 74.05, and the three-weeks RSI is set at 67.06 for LendingClub Corp [LC]. The present Moving Average for the last 50 days of trading for this stock 11.61, while it was recorded at 12.73 for the last single week of trading, and 9.51 for the last 200 days.
Earnings analysis for LendingClub Corp [LC]
With the latest financial reports released by the company, LendingClub Corp posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.08. 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 Corp go to 20.00%.
Insider trade positions for LendingClub Corp [LC]
There are presently around $78.16%, or 80.73%% of LC stock, in the hands of institutional investors. The top three institutional holders of LC stocks are: VANGUARD GROUP INC with ownership of 11.97 million shares, which is approximately 10.8176%. BLACKROCK INC., holding 8.45 million shares of the stock with an approximate value of $$71.49 million in LC stocks shares; and BLACKROCK INC., currently with $$49.9 million in LC stock with ownership which is approximately 5.3291%.
