Legato Capital Management LLC Invests $577,000 in LendingClub Corporation $LC

Legato Capital Management LLC bought a new position in LendingClub Corporation (NYSE:LC) during the 3rd quarter, HoldingsChannel reports. The fund bought 37,972 shares of the credit services provider’s stock, valued at approximately $577,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in LendingClub in the 3rd quarter worth $26,000. Headlands Technologies LLC bought a new position in shares of LendingClub during the second quarter valued at about $53,000. Jones Financial Companies Lllp boosted its holdings in shares of LendingClub by 46.7% during the third quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider’s stock worth $67,000 after purchasing an additional 1,290 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of LendingClub in the third quarter worth about $69,000. Finally, Marex Group plc purchased a new position in LendingClub during the 2nd quarter valued at about $120,000. 74.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of LendingClub in a report on Monday, December 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $23.00 price target on shares of LendingClub in a research note on Thursday, January 29th. Janney Montgomery Scott boosted their price objective on shares of LendingClub from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Wall Street Zen cut shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, BTIG Research reiterated a “buy” rating and set a $26.00 price target on shares of LendingClub in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, LendingClub presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Insider Activity at LendingClub

In other LendingClub news, Director Erin Selleck sold 2,390 shares of LendingClub stock in a transaction on Friday, December 5th. The stock was sold at an average price of $19.47, for a total transaction of $46,533.30. Following the completion of the transaction, the director owned 76,377 shares in the company, valued at approximately $1,487,060.19. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.19% of the stock is currently owned by corporate insiders.

LendingClub Price Performance

Shares of LendingClub stock opened at $15.57 on Thursday. LendingClub Corporation has a 1 year low of $7.90 and a 1 year high of $21.67. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 13.54 and a beta of 2.11. The company has a 50-day moving average of $18.05 and a 200 day moving average of $17.51.

LendingClub (NYSE:LC) last posted its quarterly earnings data on Wednesday, January 28th. The credit services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. LendingClub had a net margin of 13.58% and a return on equity of 9.47%. The business had revenue of $266.47 million for the quarter, compared to analyst estimates of $262.88 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. LendingClub’s quarterly revenue was up 22.7% on a year-over-year basis. 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, equities analysts anticipate that LendingClub Corporation will post 0.72 EPS for the current year.

LendingClub declared that its Board of Directors has initiated a share buyback program on Wednesday, November 5th that permits the company to repurchase $100.00 million in outstanding 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 often an indication that the company’s board of directors believes its stock is undervalued.

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.