LendingClubLC
Market Cap: $1.22B
About: LendingClub Corp is a company engaged in operating an online lending marketplace platform that connects borrowers and investors for the provision of the loan facility. It offers investors access to an asset class that has generally been closed to many investors and only available on a limited basis to institutional investors. The company through the platform offers loan products such as personal, education and patient finance, small business, and auto to interested investors. It generates a majority of the revenue from the transaction fees received from the platform's role in accepting and decisioning applications on behalf of the bank partners to enable loan originations.
Employees: 1,025
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
106% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 17
105% more call options, than puts
Call options by funds: $5.93M | Put options by funds: $2.9M
52.93% more ownership
Funds ownership: 22.44% [Q1] → 75.37% (+52.93%) [Q2]
39% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 51
10% more funds holding
Funds holding: 178 [Q1] → 196 (+18) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
6% less capital invested
Capital invested by funds: $752M [Q1] → $709M (-$43.3M) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
JP Morgan Reginald Smith 48% 1-year accuracy 12 / 25 met price target | 28%upside $14 | Overweight Maintained | 20 Aug 2024 |
Wedbush David Chiaverini 65% 1-year accuracy 34 / 52 met price target | 28%upside $14 | Outperform Maintained | 31 Jul 2024 |
Piper Sandler Brad Capuzzi 50% 1-year accuracy 2 / 4 met price target | 19%upside $13 | Overweight Reiterated | 31 Jul 2024 |
Keefe, Bruyette & Woods Timothy Switzer 82% 1-year accuracy 9 / 11 met price target | 5%upside $11.50 | Market Perform Maintained | 31 Jul 2024 |
Compass Point Giuliano Bologna 56% 1-year accuracy 5 / 9 met price target | 37%upside $15 | Buy Maintained | 31 Jul 2024 |
Financial journalist opinion
Based on 6 articles about LC published over the past 30 days