Lendingclub (NASDAQ:HAPN) Stock: Insider Jordan Cheng Sells 2,800 Shares

Lendingclub Corp (NASDAQ:HAPN) General Counsel Jordan Cheng sold 2,800 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $16.00, for a total value of $44,800.00. Following the completion of the transaction, the general counsel owned 103,613 shares in the company, valued at $1,657,808. The trade was a 2.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jordan Cheng also recently made the following trade(s):

• On Thursday, September 3rd, Jordan Cheng sold 2,800 shares of Lendingclub stock. The shares were sold at an average price of $17.56, for a total value of $49,168.00.

Lendingclub Trading Down 3.2%

HAPN stock opened at $15.53 on Friday. The company has a market capitalization of $1.79 billion, a P/E ratio of 8.68 and a beta of 1.88. Lendingclub Corp has a twelve month low of $13.05 and a twelve month high of $21.67. The business’s fifty day moving average price is $15.90.

Lendingclub (NASDAQ:HAPN) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $279.09 million for the quarter. Lendingclub had a return on equity of 13.76% and a net margin of 20.16%. The firm’s revenue was down 1.1% compared to the same quarter last year. On average, analysts predict that Lendingclub Corp will post 1.89 EPS for the current year.

Lendingclub News Roundup

Here are the key news stories impacting Lendingclub this week:

• Positive Sentiment: Lendingclub raised its fiscal 2026 EPS guidance to $1.87-$1.92, above the $1.85 analyst consensus. The stronger outlook may support the stock by signaling confidence in future profitability.
• Positive Sentiment: Wall Street’s average price target implies approximately 40.3% upside from recent trading levels. The article also notes that positive earnings-estimate revisions could provide additional support, although price-target accuracy is uncertain. Wall Street Analysts See a 40.27% Upside in Happen (HAPN)
• Positive Sentiment: Piper Sandler maintained an “overweight” rating and set a $20 price target, which still represents substantial upside from recent levels, despite lowering its previous $25 target. Piper Sandler stock recommendations
• Neutral Sentiment: Fourth-quarter 2026 EPS guidance of $0.43-$0.48 brackets the $0.46 consensus estimate. This indicates results could be close to expectations, but does not provide a clear near-term earnings catalyst.
• Neutral Sentiment: Lendingclub’s latest quarterly results exceeded expectations, with EPS of $0.50 versus the $0.47 consensus. However, revenue declined 1.1% year over year to $279.09 million, limiting the strength of the earnings signal. HAPN Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
• Negative Sentiment: General Counsel Jordan Cheng sold 2,800 shares for $44,800 under a pre-arranged Rule 10b5-1 plan. Because the sale was planned and represents only a 2.63% reduction in his holdings, it is a limited negative signal, but it may still weigh modestly on sentiment. SEC Form 4 insider transaction

Analyst Ratings Changes

Several research analysts have recently issued reports on HAPN shares. BTIG Research reaffirmed a “buy” rating and issued a $25.00 target price on shares of Lendingclub in a research note on Tuesday, July 28th. Citizens Jmp boosted their price target on shares of Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Lendingclub in a research note on Tuesday, September 22nd. Finally, Piper Sandler cut their price objective on shares of Lendingclub from $25.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lendingclub presently has an average rating of “Moderate Buy” and an average target price of $23.33.

About Lendingclub

LendingClub Corporation is a U.S.-based financial technology company that operates a digital banking and lending platform. The company connects consumers seeking credit with funding sources and provides personal loans, debt-consolidation loans, auto-refinancing loans and other consumer credit products through its online platform.

Following its acquisition of Radius Bancorp in 2020, LendingClub also operates as a bank holding company through LendingClub Bank, National Association. Its banking operations support consumer and commercial lending, as well as deposit products designed to provide funding for loans and other banking activities.

Founded in 2006, LendingClub primarily serves customers in the United States.