Key Points
- LendingClub CEO Scott Sanborn sold 23,851 shares on June 2 at an average price of $17.86, totaling about $425,979. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still owns 1,594,712 shares afterward.
- The stock rose 7.3% and opened at $17.59, near its 50-day moving average of $16.07 and 200-day moving average of $17.05. LendingClub also has a market cap of about $2.03 billion and a 52-week range of $10.11 to $21.67.
- The company recently reported better-than-expected quarterly results, with EPS of $0.44 versus $0.38 expected and revenue of $252.25 million, up 15.9% year over year. Management also guided FY2026 EPS at 1.65 to 1.80, while analysts currently rate the stock a Moderate Buy with a $23.07 consensus price target.
LendingClub Corporation (NYSE:LC - Get Free Report) CEO Scott Sanborn sold 23,851 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $17.86, for a total transaction of $425,978.86. Following the sale, the chief executive officer directly owned 1,594,712 shares of the company's stock, valued at $28,481,556.32. The trade was a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
LendingClub Stock Up 7.3%
NYSE LC opened at $17.59 on Friday. LendingClub Corporation has a 52 week low of $10.11 and a 52 week high of $21.67. The firm has a market capitalization of $2.03 billion, a P/E ratio of 11.81 and a beta of 1.98. The company has a 50-day moving average price of $16.07 and a 200-day moving average price of $17.05.
LendingClub (NYSE:LC - Get Free Report) last released its quarterly earnings results on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The firm had revenue of $252.25 million during the quarter, compared to analyst estimates of $249.10 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. 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, equities research analysts anticipate that LendingClub Corporation will post 1.72 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. 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 lowered shares of LendingClub from a "buy" rating to a "hold" rating in a research report on Sunday, February 15th. Zacks Research raised shares of LendingClub from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of LendingClub in a report on Wednesday, May 6th. One investment 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 stock. Based on data from MarketBeat, LendingClub has a consensus rating of "Moderate Buy" and a consensus price target of $23.07.
Read Our Latest Report on LendingClub
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in LendingClub by 14.8% in the 1st quarter. Bank of America Corp DE now owns 1,309,624 shares of the credit services provider's stock worth $18,754,000 after purchasing an additional 169,220 shares during the period. Edgestream Partners L.P. raised its position in shares of LendingClub by 64.8% during the first quarter. Edgestream Partners L.P. now owns 157,040 shares of the credit services provider's stock valued at $2,249,000 after buying an additional 61,770 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of LendingClub by 28.0% in the first quarter. California State Teachers Retirement System now owns 137,043 shares of the credit services provider's stock worth $1,962,000 after buying an additional 29,987 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of LendingClub by 207.1% during the first quarter. Quantinno Capital Management LP now owns 118,141 shares of the credit services provider's stock worth $1,692,000 after acquiring an additional 79,671 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in LendingClub during the first quarter valued at $179,000. 74.08% of the stock is 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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