Key Points
- LendingClub General Counsel Jordan Cheng sold 2,800 shares for $49,168 at an average price of $17.56, reducing their holdings by 2.56% to 106,413 shares. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan.
- LendingClub reported quarterly EPS of $0.50, beating estimates of $0.42, on revenue of $262.86 million. The company guided for fiscal 2026 EPS of $1.80–$1.90.
- Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $25, versus a recent share price near $17.75.
Lendingclub Corp (NASDAQ:HAPN - Get Free Report) General Counsel Jordan Cheng sold 2,800 shares of Lendingclub stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $17.56, for a total value of $49,168.00. Following the completion of the transaction, the general counsel owned 106,413 shares in the company, valued at approximately $1,868,612.28. The trade was a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jordan Cheng also recently made the following trade(s):
- On Wednesday, July 1st, Jordan Cheng sold 5,500 shares of Lendingclub stock. The shares were sold at an average price of $20.85, for a total value of $114,675.00.
Lendingclub Price Performance
HAPN stock opened at $17.75 on Friday. The business has a 50-day moving average of $19.10. Lendingclub Corp has a 12 month low of $13.05 and a 12 month high of $21.67. The company has a market capitalization of $2.05 billion, a PE ratio of 10.69 and a beta of 1.86.
Lendingclub (NASDAQ:HAPN - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.42 by $0.08. Lendingclub had a net margin of 18.67% and a return on equity of 12.92%. The business had revenue of $262.86 million during the quarter. Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. Sell-side analysts forecast that Lendingclub Corp will post 1.87 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the stock. BTIG Research reissued a "buy" rating and issued a $25.00 price target on shares of Lendingclub in a research note on Tuesday, July 28th. Citizens Jmp increased their target price on Lendingclub from $23.00 to $25.00 and gave the company a "market outperform" rating in a report on Tuesday, July 28th. Finally, Weiss Ratings initiated coverage on Lendingclub in a research report on Thursday, June 25th. They set a "hold (c+)" rating on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $25.00.
View Our Latest Stock Report on HAPN
About Lendingclub
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I couldn't find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.
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