Key Points
- Insider sale: General Counsel Jordan Cheng sold 2,800 LendingClub shares for $44,800 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 2.63%.
- Mixed quarterly results: LendingClub reported EPS of $0.50, beating the $0.47 consensus, while revenue fell 1.1% year over year to $279.09 million.
- Analyst outlook remains positive: The company raised fiscal 2026 EPS guidance to $1.87–$1.92, and analysts maintain a “Moderate Buy” consensus with an average price target of $23.33.
Lendingclub Corp (NASDAQ:HAPN - Get Free Report) General Counsel Jordan Cheng sold 2,800 shares of the company's stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $16.00, for a total transaction of $44,800.00. Following the completion of the transaction, the general counsel owned 103,613 shares in the company, valued at approximately $1,657,808. This represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jordan Cheng also recently made the following trade(s):
- On Thursday, September 3rd, Jordan Cheng sold 2,800 shares of Lendingclub stock. The shares were sold at an average price of $17.56, for a total transaction of $49,168.00.
Lendingclub Trading Down 3.2%
NASDAQ HAPN opened at $15.53 on Friday. The business's 50-day moving average is $15.90. The firm has a market cap of $1.79 billion, a PE ratio of 8.96 and a beta of 1.88. 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 announced its earnings results on Wednesday, October 28th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. Lendingclub had a net margin of 20.16% and a return on equity of 13.76%. The business had revenue of $279.09 million during the quarter. The firm's revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts anticipate that Lendingclub Corp will post 1.89 EPS for the current fiscal year.
Lendingclub News Summary
Here are the key news stories impacting Lendingclub this week:
- Positive Sentiment: Lendingclub raised its fiscal 2026 EPS guidance to $1.87-$1.92, above the $1.85 analyst consensus. The stronger outlook may support the stock by signaling confidence in future profitability.
- Positive Sentiment: Wall Street’s average price target implies approximately 40.3% upside from recent trading levels. The article also notes that positive earnings-estimate revisions could provide additional support, although price-target accuracy is uncertain. Wall Street Analysts See a 40.27% Upside in Happen (HAPN)
- Positive Sentiment: Piper Sandler maintained an “overweight” rating and set a $20 price target, which still represents substantial upside from recent levels, despite lowering its previous $25 target. Piper Sandler stock recommendations
- Neutral Sentiment: Fourth-quarter 2026 EPS guidance of $0.43-$0.48 brackets the $0.46 consensus estimate. This indicates results could be close to expectations, but does not provide a clear near-term earnings catalyst.
- Neutral Sentiment: Lendingclub’s latest quarterly results exceeded expectations, with EPS of $0.50 versus the $0.47 consensus. However, revenue declined 1.1% year over year to $279.09 million, limiting the strength of the earnings signal. HAPN Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
- Negative Sentiment: General Counsel Jordan Cheng sold 2,800 shares for $44,800 under a pre-arranged Rule 10b5-1 plan. Because the sale was planned and represents only a 2.63% reduction in his holdings, it is a limited negative signal, but it may still weigh modestly on sentiment. SEC Form 4 insider transaction
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a "hold (c+)" rating on shares of Lendingclub in a report on Tuesday, September 22nd. Citizens Jmp increased their target price on Lendingclub from $23.00 to $25.00 and gave the stock a "market outperform" rating in a research note on Tuesday, July 28th. Piper Sandler dropped their price target on Lendingclub from $25.00 to $20.00 and set an "overweight" rating for the company in a report on Thursday. Finally, BTIG Research reissued a "buy" rating and set a $25.00 price target on shares of Lendingclub in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Lendingclub has an average rating of "Moderate Buy" and an average target price of $23.33.
View Our Latest Stock Report on HAPN
Lendingclub Company Profile
(
Get Free Report)
LendingClub Corporation is a U.S.-based financial technology company that operates a digital banking and lending platform. The company connects consumers seeking credit with funding sources and provides personal loans, debt-consolidation loans, auto-refinancing loans and other consumer credit products through its online platform.
Following its acquisition of Radius Bancorp in 2020, LendingClub also operates as a bank holding company through LendingClub Bank, National Association. Its banking operations support consumer and commercial lending, as well as deposit products designed to provide funding for loans and other banking activities.
Founded in 2006, LendingClub primarily serves customers in the United States.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
