LendingClub Corporation (NYSE:LC) Short Interest Down 17.7% in April

LendingClub Corporation (NYSE:LC) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 5,428,951 shares, a decline of 17.7% from the March 31st total of 6,593,818 shares. Approximately 4.9% of the company’s stock are short sold. Based on an average daily volume of 1,730,923 shares, the short-interest ratio is currently 3.1 days.

LendingClub Price Performance

Shares of NYSE:LC traded up $0.56 during trading on Thursday, reaching $17.11. 2,551,311 shares of the company’s stock traded hands, compared to its average volume of 2,740,889. LendingClub has a 12 month low of $9.54 and a 12 month high of $21.67. The company has a 50 day moving average of $15.29 and a 200-day moving average of $17.20. The stock has a market capitalization of $1.98 billion, a P/E ratio of 11.11 and a beta of 1.95.

LendingClub (NYSE:LC) last announced its quarterly earnings data 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. LendingClub had a net margin of 16.99% and a return on equity of 12.06%. The business had revenue of $252.25 million during the quarter, compared to the consensus estimate of $250.96 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The company’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. Equities research analysts predict that LendingClub will post 1.72 earnings per share for the current fiscal year.

Insider Buying and Selling at LendingClub

In other news, Director Erin Selleck sold 2,390 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $15.46, for a total value of $36,949.40. Following the completion of the sale, the director owned 78,767 shares of the company’s stock, valued at approximately $1,217,737.82. The trade was a 2.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.19% of the company’s stock.

Institutional Investors Weigh In On LendingClub

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its position in shares of LendingClub by 120.1% during the 3rd quarter. SG Americas Securities LLC now owns 649,753 shares of the credit services provider’s stock valued at $9,870,000 after buying an additional 354,521 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in LendingClub during the 3rd quarter valued at about $2,858,000. Federated Hermes Inc. boosted its stake in LendingClub by 21.4% during the 3rd quarter. Federated Hermes Inc. now owns 559,686 shares of the credit services provider’s stock valued at $8,502,000 after purchasing an additional 98,483 shares during the period. Wakefield Asset Management LLLP acquired a new position in LendingClub during the 3rd quarter valued at about $1,136,000. Finally, American Century Companies Inc. boosted its stake in LendingClub by 19.3% during the 3rd quarter. American Century Companies Inc. now owns 2,071,137 shares of the credit services provider’s stock valued at $31,461,000 after purchasing an additional 334,914 shares during the period. Institutional investors own 74.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LC shares. BTIG Research reissued a “buy” rating and issued a $26.00 target price on shares of LendingClub in a research report on Thursday, January 29th. Stephens reissued an “overweight” rating and issued a $22.50 target price (up from $21.00) on shares of LendingClub in a research report on Tuesday. Wall Street Zen downgraded 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. Finally, Piper Sandler reissued an “overweight” rating and issued a $23.00 target price 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 assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.07.

About LendingClub

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.