LendingClub Corporation which can be found using ticker (LC) have now 7 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 17 and 9 and has a mean target at $12.57. Given that the stocks previous close was at $7.05 this indicates there is a potential upside of 78.3%. Also worth taking note is the 50 day moving average now sits at $9.21 and the 200 day moving average is $11.27. The company has a market cap of $751m. Company Website: https://www.lendingclub.com
The potential market cap would be $1,340m based on the market consensus.
LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans. In addition, it operates an online lending marketplace platform. The company was incorporated in 2006 and is headquartered in San Francisco, California.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 2.38, revenue per share of 12.26 and a 1.69% return on assets.
