LendingClub (NYSE:LC) CFO Andrew Labenne Sells 20,000 Shares

LendingClub Corporation (NYSE:LC) CFO Andrew Labenne sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $17.00, for a total transaction of $340,000.00. Following the completion of the sale, the chief financial officer directly owned 234,955 shares of the company’s stock, valued at approximately $3,994,235. This trade represents a 7.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

LendingClub Price Performance

LendingClub stock opened at $17.86 on Friday. The firm has a 50 day simple moving average of $15.82 and a 200-day simple moving average of $17.08. LendingClub Corporation has a 1-year low of $9.78 and a 1-year high of $21.67. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 11.99 and a beta of 2.00.

LendingClub (NYSE:LC) last posted its quarterly earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.06. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The business had revenue of $252.25 million during the quarter, compared to analysts’ expectations of $249.10 million. During the same quarter in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. 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 analysts expect that LendingClub Corporation will post 1.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on LC. Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. Stephens reaffirmed an “overweight” rating and set a $22.50 price objective (up from $21.00) on shares of LendingClub in a research report on Tuesday, April 28th. Finally, Wall Street Zen cut shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. One 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 company. Based on data from MarketBeat, LendingClub currently has an average rating of “Moderate Buy” and an average target price of $23.07.

Hedge Funds Weigh In On LendingClub

Hedge funds have recently made changes to their positions in the stock. Comerica Bank boosted its position in shares of LendingClub by 6,520.7% during the 4th quarter. Comerica Bank now owns 72,232 shares of the credit services provider’s stock worth $1,368,000 after purchasing an additional 71,141 shares during the period. Federated Hermes Inc. boosted its position in shares of LendingClub by 21.4% during the 3rd quarter. Federated Hermes Inc. now owns 559,686 shares of the credit services provider’s stock worth $8,502,000 after purchasing an additional 98,483 shares during the period. Vanguard Group Inc. boosted its position in shares of LendingClub by 4.6% during the 4th 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 period. Allianz Asset Management GmbH boosted its position in shares of LendingClub by 48.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 293,066 shares of the credit services provider’s stock worth $4,452,000 after purchasing an additional 95,240 shares during the period. Finally, Wakefield Asset Management LLLP purchased a new position in shares of LendingClub during the 3rd quarter worth approximately $1,136,000. Hedge funds and other 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.