Key Points
- LendingClub CFO Andrew Labenne sold 20,000 shares on May 28 at an average price of $17.00, totaling $340,000. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The stock rose 4.9%, opening at $17.86, while LendingClub remains near the middle of its 52-week range of $9.78 to $21.67. The company has a market cap of about $2.06 billion and a P/E ratio of 11.99.
- Recent earnings topped expectations, with quarterly EPS of $0.44 versus $0.38 expected and revenue of $252.25 million, up 15.9% year over year. Analysts currently view the stock as a Moderate Buy with an average price target of $23.07.
LendingClub Corporation (NYSE:LC - Get Free Report) General Counsel Jordan Cheng sold 5,500 shares of the business's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $17.00, for a total transaction of $93,500.00. Following the completion of the transaction, the general counsel owned 113,574 shares in the company, valued at approximately $1,930,758. The trade was a 4.62% 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.
LendingClub Stock Up 4.9%
LC opened at $17.86 on Friday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 11.99 and a beta of 2.00. LendingClub Corporation has a twelve month low of $9.78 and a twelve month high of $21.67. The company's 50-day moving average price is $15.82 and its two-hundred day moving average price is $17.08.
LendingClub (NYSE:LC - Get Free Report) last released its earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.06. The firm had revenue of $252.25 million for the quarter, compared to analysts' expectations of $249.10 million. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. As a group, sell-side analysts anticipate that LendingClub Corporation will post 1.72 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on LC shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of LendingClub in a research report on Wednesday, May 6th. Stephens reaffirmed an "overweight" rating and set a $22.50 price target (up from $21.00) on shares of LendingClub in a research report on Tuesday, April 28th. Wall Street Zen cut LendingClub from a "buy" rating to a "hold" rating in a research report on Sunday, February 15th. Finally, Zacks Research raised LendingClub from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, LendingClub presently has an average rating of "Moderate Buy" and a consensus price target of $23.07.
Read Our Latest Stock Report on LC
Institutional Trading of LendingClub
A number of institutional investors have recently modified their holdings of LC. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of LendingClub by 3.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,482 shares of the credit services provider's stock valued at $357,000 after buying an additional 793 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of LendingClub by 8.8% during the 2nd quarter. Osaic Holdings Inc. now owns 13,354 shares of the credit services provider's stock valued at $160,000 after buying an additional 1,084 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of LendingClub by 46.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider's stock valued at $67,000 after buying an additional 1,290 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of LendingClub by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 20,704 shares of the credit services provider's stock valued at $392,000 after buying an additional 1,335 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of LendingClub by 13.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 13,533 shares of the credit services provider's stock valued at $256,000 after buying an additional 1,645 shares in the last quarter. 74.08% of the stock is currently owned by hedge funds and other institutional investors.
About LendingClub
(
Get Free Report)
LendingClub Corporation operates an online lending marketplace that connects borrowers seeking personal and small business credit with individual and institutional investors. The platform leverages technology to streamline the loan application and underwriting process, offering unsecured personal loans, auto refinancing, and small business loans. In addition to lending products, LendingClub provides high-yield savings accounts and certificates of deposit through its banking charter, following its acquisition of Radius Bank in 2021.
Founded in 2006 by Renaud Laplanche, LendingClub pioneered peer-to-peer lending in the United States, helping to democratize access to credit and investment opportunities.
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