Key Points
- LendingClub SVP Fergal Stack sold 37,500 shares at an average price of $18.64, totaling $699,000, under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 32.62% to 77,477 shares.
- Stack also sold 40,000 shares on August 18 and 50,000 shares on July 1, bringing his recent sales to 127,500 shares worth approximately $2.50 million.
- LendingClub recently beat quarterly earnings expectations, reporting $0.50 EPS versus the $0.42 consensus estimate. Analysts maintain a Moderate Buy consensus with a $25 target price, compared with the stock’s $17.97 opening price.
Lendingclub Corp (NASDAQ:HAPN - Get Free Report) SVP Fergal Stack sold 37,500 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $18.64, for a total transaction of $699,000.00. Following the completion of the transaction, the senior vice president owned 77,477 shares of the company's stock, valued at $1,444,171.28. This trade represents a 32.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fergal Stack also recently made the following trade(s):
- On Tuesday, August 18th, Fergal Stack sold 40,000 shares of Lendingclub stock. The stock was sold at an average price of $18.86, for a total value of $754,400.00.
- On Wednesday, July 1st, Fergal Stack sold 50,000 shares of Lendingclub stock. The shares were sold at an average price of $21.01, for a total value of $1,050,500.00.
Lendingclub Stock Down 3.2%
NASDAQ HAPN opened at $17.97 on Friday. The firm has a market capitalization of $2.07 billion, a PE ratio of 10.83 and a beta of 1.91. Lendingclub Corp has a 52 week low of $13.05 and a 52 week high of $21.67.
Lendingclub (NASDAQ:HAPN - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.08. The business had revenue of $262.86 million for the quarter. Lendingclub had a return on equity of 12.92% and a net margin of 18.67%.Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. As a group, equities research analysts expect that Lendingclub Corp will post 1.87 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on HAPN shares. Citizens Jmp upped their target price on shares of Lendingclub from $23.00 to $25.00 and gave the company a "market outperform" rating in a research report on Tuesday, July 28th. BTIG Research reiterated a "buy" rating and set a $25.00 price target on shares of Lendingclub in a research report on Tuesday, July 28th. Finally, Weiss Ratings assumed coverage on shares of Lendingclub in a research note on Thursday, June 25th. They set a "hold (c+)" rating for the company. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.00.
View Our Latest Stock Report on HAPN
About Lendingclub
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