LendingClub
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 Q3 regulatory filings by fund managers ($100M+ AUM)
428% more call options, than puts
Call options by funds: $19.9M | Put options by funds: $3.76M
56% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 25
45% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 56
34% more capital invested
Capital invested by funds: $727M [Q2] → $972M (+$245M) [Q3]
6% more funds holding
Funds holding: 196 [Q2] → 208 (+12) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
1.16% less ownership
Funds ownership: 77.36% [Q2] → 76.2% (-1.16%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Piper Sandler Brad Capuzzi 80% 1-year accuracy 4 / 5 met price target | 17%upside $20 | Overweight Maintained | 3 Jan 2025 |
Keefe, Bruyette & Woods Timothy Switzer 85% 1-year accuracy 17 / 20 met price target | 0%downside $17 | Outperform Maintained | 4 Dec 2024 |
JP Morgan Reginald Smith 58% 1-year accuracy 15 / 26 met price target | 0%downside $17 | Neutral Downgraded | 2 Dec 2024 |
Financial journalist opinion
Based on 5 articles about LC published over the past 30 days
