As you can see, LC is down more than 50% from peak and UPST somewhat more. Many other growth stocks and FinTechs suffered similar fates. The main culprit is the Fed's pivot to higher interest rates as early as March 2022 (with potentially four hikes in 2022) and an indication that balance sheet reduction was in order as well.
What happened to LendingClub?
The company that pioneered peer-to-peer lending is making a big change. Last year, LendingClub announced that its signature Retail Notes -- that is, the ability of everyday people to fund loans for peers -- would be shutting down before the end of 2020.
How much is LendingClub stock worth?
One share of LC stock can currently be purchased for approximately $15.64. How much money does LendingClub make? LendingClub has a market capitalization of $1.58 billion and generates $818.63 million in revenue each year. The credit services provider earns $18.58 million in net income (profit) each year or $0.13 on an earnings per share basis.
Is there an upside for LendingClub stock?
According to analysts' consensus price target of $40.80, LendingClub has a forecasted upside of 160.9% from its current price of $15.64. LendingClub has only been the subject of 4 research reports in the past 90 days. LendingClub has received 558 “outperform” votes. (Add your “outperform” vote.) LendingClub has received 326 “underperform” votes.
Do analysts agree on LendingClub's (LendingClub) price targets?
The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings. According to analysts' consensus price target of $40.80, LendingClub has a forecasted upside of 160.9% from its current price of $15.64. LendingClub has only been the subject of 4 research reports in the past 90 days.
Is LendingClub shutting down?
In October 2020, the company ceased all new loan accounts on their website as part of restructuring into a neobank after the acquisition of Radius Bank. As of December 31, 2020, Lending Club will no longer operate as a peer-to-peer lender.
Is LendingClub a good stock?
Lending Club should earn around $1.30 per share in 2021 based on the mid-point of the company's guidance ($140M net income / 108M diluted shares). My model shown below shows earnings growing to almost $2.50 per share in FY 2023. That would be 90% growth in earnings from 2022 to 2023.
Is LC stock a buy?
LendingClub Corp (NYSE:LC) The 7 analysts offering 12-month price forecasts for LendingClub Corp have a median target of 26.50, with a high estimate of 60.00 and a low estimate of 18.00. The median estimate represents a +69.44% increase from the last price of 15.64.
Is LendingClub profitable?
Achieved GAAP profitability during 2021, with net income of $18.6 million for the year ended December 31, 2021, compared to a net loss of $187.5 million in 2020....LendingClub Reports Fourth Quarter and Full Year 2021 Results.(millions)First Quarter 2022Full Year 2022Total revenue$255M to $265M$1.1B to $1.2BConsolidated net income$25M to $30M$130M to $150MJan 26, 2022
Is Lending Tree a buy?
Lendingtree's analyst rating consensus is a 'Strong Buy. This is based on the ratings of 6 Wall Streets Analysts.
Should I invest in Lending Tree?
LendingTree, Inc. may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of TREE, demonstrate its potential to outperform the market. It currently has a Growth Score of C.
Why did Lending Club stock go up?
Shares of LendingClub Corp. skyrocketed toward a record rally to pace all premarket gainers Thursday, after the web-based lending company reported and revenue that grew five-fold. The stock shot up 38.5% ahead of the ope...
What does the lending club do?
LendingClub Bank is the only full-spectrum financial technology (fintech) marketplace bank and the first public US neobank. We offer consumer and commercial loan products for every credit bracket and a full suite of deposit products designed to help you keep more of the money you earn and earn more on what you keep.
What is LC in stock market?
The highest price the stock can reach on the day is the upper circuit limit, and the lowest price is the lower circuit limit.
Who owns LendingClub?
Renaud LaplancheRenaud Laplanche, CEO and founder of Lending Club. More than two years after his ouster from LendingClub, Renaud Laplanche still owns millions of dollars worth of stock in the company he created, even though he's since started a rival online lender that's rapidly growing.
Does LendingClub still have investors?
Frequently Asked Questions. Can I still invest in LendingClub Notes? Unfortunately, Notes are no longer available for investment. Check back soon on new products LendingClub will offer to individual investors.
How does the investors of LendingClub make money?
Lending Club makes its money by collecting fees from both borrowers and investors. Specifically, investors pay a 1% service fee on each payment received.
Why did Lending Club stock go up?
Shares of LendingClub Corp. skyrocketed toward a record rally to pace all premarket gainers Thursday, after the web-based lending company reported and revenue that grew five-fold. The stock shot up 38.5% ahead of the ope...
What is affirm IPO?
SAN FRANCISCO – January 12, 2021– Affirm, a more flexible and transparent alternative to credit cards, today announced the pricing of its initial public offering of its Class A common stock at a price of $49.00 per share.
Is upstart publicly traded?
Today marks our fourth earnings report as a publicly traded company, and I continue to be amazed and delighted with the progress the Upstart team has made. This is an entirely unique time in our history and executing as a newly public company in this environment is not without challenges.
Is prosper public company?
Prosper is not publicly traded but is required to file regular financial statements with the SEC because it sells notes to retail investors.