LendingClub Corporation (NYSE:LC) Short Interest Update

LendingClub Corporation (NYSE:LC) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 4,744,768 shares, an increase of 19.5% from the February 12th total of 3,971,615 shares. Currently, 4.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,990,568 shares, the short-interest ratio is currently 2.4 days. Based on an average daily trading volume, of 1,990,568 shares, the short-interest ratio is currently 2.4 days. Currently, 4.3% of the company’s stock are short sold.

Insider Buying and Selling at LendingClub

In related news, Director Erin Selleck sold 2,390 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $15.46, for a total value of $36,949.40. Following the transaction, the director owned 78,767 shares in the company, valued at approximately $1,217,737.82. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.31% of the stock is owned by corporate insiders.

Institutional Trading of LendingClub

Several hedge funds have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LendingClub during the fourth quarter valued at $63,580,000. Azora Capital LP raised its stake in shares of LendingClub by 258.2% during the third quarter. Azora Capital LP now owns 2,391,190 shares of the credit services provider’s stock valued at $36,322,000 after purchasing an additional 1,723,658 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in LendingClub by 184.1% in the third quarter. Assenagon Asset Management S.A. now owns 2,121,802 shares of the credit services provider’s stock worth $32,230,000 after purchasing an additional 1,375,002 shares during the period. Wellington Management Group LLP grew its position in LendingClub by 18.8% in the 3rd quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock valued at $120,921,000 after buying an additional 1,261,861 shares in the last quarter. Finally, Senvest Management LLC grew its position in LendingClub by 23.5% in the 2nd quarter. Senvest Management LLC now owns 5,881,290 shares of the credit services provider’s stock valued at $70,752,000 after buying an additional 1,117,241 shares in the last quarter. Institutional investors own 74.08% of the company’s stock.

LendingClub Stock Up 1.7%

Shares of NYSE:LC traded up $0.23 during trading on Tuesday, hitting $14.10. 1,896,090 shares of the company traded hands, compared to its average volume of 1,854,357. The business’s fifty day moving average is $17.14 and its 200-day moving average is $17.41. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 12.26 and a beta of 2.11. LendingClub has a one year low of $7.90 and a one year high of $21.67.

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

Analysts Set New Price Targets

Several research firms have issued reports on LC. BTIG Research restated a “buy” rating and set a $26.00 price objective on shares of LendingClub in a report on Thursday, January 29th. Piper Sandler reiterated an “overweight” rating and set a $23.00 target price on shares of LendingClub in a research note on Thursday, January 29th. JPMorgan Chase & Co. raised their price target 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. Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LendingClub in a report on Monday, December 29th. One equities research 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 stock. According to MarketBeat.com, LendingClub presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

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.