Shares for marketplace lender, LendingClub, plunged sharply yesterday after the company lowered its profit guidance during its investor day presentation.

The company’s shares went down 15% to 22% yesterday, according to various sources, and reached an all time low of $3.29 per share — approximately an 80% drop from its initial IPO price in 2014, as reported by the Financial Times.

The move comes after numerous struggles for the online lender (as well as for the marketplace lending industry overall) during the year. LendingClub had previously reduced its guidance during its third-quarter conference call, and detailed this second reduction during its investor presentation yesterday.

The company now expects revenue for the fourth quarter of the year to be about $3 million less than the figures it projected in November, according to company documents.

Shares of the company are hovering at $3.59 per share, as of 9 A.M. ET today. It has a market cap of $1.5 billion.

Read more at LendingClub, the Financial Times, the Motley Fool, and PYMNTs.