LendingClub (NYSE:LC) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of LendingClub (NYSE:LC) from a hold rating to a buy rating in a research report report published on Saturday.

A number of other equities analysts have also recently issued reports on LC. Zacks Research upgraded LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. BTIG Research restated a “buy” rating and set a $26.00 price objective on shares of LendingClub in a report on Thursday, January 29th. Janney Montgomery Scott lifted their price objective on shares of LendingClub from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. boosted their target price on shares of LendingClub from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of LendingClub in a report on Monday, December 29th. One 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.00.

LendingClub Trading Up 8.0%

LC opened at $16.95 on Friday. The company has a fifty day moving average price of $19.30 and a two-hundred day moving average price of $17.39. LendingClub has a 1-year low of $7.90 and a 1-year high of $21.67. The company has a market cap of $1.95 billion, a P/E ratio of 14.74 and a beta of 2.08.

LendingClub (NYSE:LC) last issued its earnings results on Wednesday, January 28th. The credit services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. LendingClub had a return on equity of 9.62% and a net margin of 13.58%.The company had revenue of $266.47 million during the quarter, compared to the consensus estimate of $262.88 million. During the same period last year, the business posted $0.08 EPS. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. On average, research analysts forecast that LendingClub will post 0.72 EPS for the current fiscal year.

LendingClub announced that its board has initiated a stock buyback program on Wednesday, November 5th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the credit services provider to buy up to 4.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at LendingClub

In related news, Director Erin Selleck sold 2,390 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $19.47, for a total transaction of $46,533.30. Following the transaction, the director directly owned 76,377 shares of the company’s stock, valued at $1,487,060.19. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.19% of the stock is owned by insiders.

Hedge Funds Weigh In On LendingClub

Several hedge funds have recently modified their holdings of LC. Aster Capital Management DIFC Ltd purchased a new stake in shares of LendingClub during the third quarter valued at approximately $26,000. International Assets Investment Management LLC bought a new stake in shares of LendingClub during the 4th quarter worth $40,000. Quarry LP boosted its holdings in shares of LendingClub by 343.0% in the 3rd quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock worth $46,000 after buying an additional 2,346 shares during the last quarter. Headlands Technologies LLC bought a new position in LendingClub during the second quarter valued at about $53,000. Finally, Larson Financial Group LLC grew its position in LendingClub by 1,435.4% during the fourth quarter. Larson Financial Group LLC now owns 3,040 shares of the credit services provider’s stock valued at $58,000 after buying an additional 2,842 shares during the period. Institutional investors own 74.08% of the company’s stock.

LendingClub Company Profile

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.