LendingClub (NYSE:LC) Director Sells $36,949.40 in Stock

LendingClub Corporation (NYSE:LC) Director Erin Selleck sold 2,390 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $15.46, for a total transaction of $36,949.40. Following the transaction, 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 SEC, which can be accessed through the SEC website.

LendingClub Price Performance

Shares of LendingClub stock traded up $0.10 on Monday, reaching $14.77. 1,366,006 shares of the company traded hands, compared to its average volume of 2,310,849. The firm has a market capitalization of $1.70 billion, a PE ratio of 12.85 and a beta of 2.11. The company has a 50 day moving average of $17.86 and a 200 day moving average of $17.52. LendingClub Corporation has a 52 week low of $7.90 and a 52 week high of $21.67.

LendingClub (NYSE:LC) last posted its quarterly earnings data 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 9.47% and a net margin of 13.58%.The business had revenue of $266.47 million for the quarter, compared to the consensus estimate of $262.88 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. LendingClub’s revenue for the quarter 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. As a group, analysts anticipate that LendingClub Corporation will post 0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

LC has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price target on shares of LendingClub from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of LendingClub in a research report on Monday, December 29th. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. BTIG Research reaffirmed a “buy” rating and set a $26.00 price objective on shares of LendingClub in a research note on Thursday, January 29th. Finally, Wall Street Zen lowered shares of LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Institutional Trading of LendingClub

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of LendingClub by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock worth $221,547,000 after purchasing an additional 516,542 shares during the last quarter. Wellington Management Group LLP lifted its position in LendingClub by 18.8% during the third quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock valued at $120,921,000 after purchasing an additional 1,261,861 shares during the last quarter. Senvest Management LLC grew its stake 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 worth $70,752,000 after buying an additional 1,117,241 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of LendingClub in the 4th quarter worth $63,580,000. Finally, Geode Capital Management LLC increased its holdings in shares of LendingClub by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,699,141 shares of the credit services provider’s stock worth $32,476,000 after buying an additional 34,221 shares during the last quarter. Institutional investors own 74.08% of the company’s stock.

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.