Jordan Cheng Sells 5,500 Shares of LendingClub (NYSE:LC) Stock

LendingClub Corporation (NYSE:LC) General Counsel Jordan Cheng sold 5,500 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $17.00, for a total transaction of $93,500.00. Following the transaction, the general counsel owned 113,574 shares of the company’s stock, valued at approximately $1,930,758. The trade was a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

LendingClub Stock Performance

LendingClub stock traded up $0.83 during trading hours on Friday, reaching $17.86. 2,822,366 shares of the stock were exchanged, compared to its average volume of 1,449,582. The stock has a market cap of $2.06 billion, a P/E ratio of 11.99 and a beta of 2.00. LendingClub Corporation has a 52-week low of $9.78 and a 52-week high of $21.67. The firm’s 50 day moving average is $15.82 and its 200 day moving average is $17.08.

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

Institutional Investors Weigh In On LendingClub

A number of large investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of LendingClub by 3.5% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,482 shares of the credit services provider’s stock valued at $357,000 after purchasing an additional 793 shares during the period. Osaic Holdings Inc. raised its stake in shares of LendingClub by 8.8% during the second quarter. Osaic Holdings Inc. now owns 13,354 shares of the credit services provider’s stock valued at $160,000 after purchasing an additional 1,084 shares during the period. Jones Financial Companies Lllp raised its stake in shares of LendingClub by 46.7% during the third quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider’s stock valued at $67,000 after purchasing an additional 1,290 shares during the period. ProShare Advisors LLC raised its stake in shares of LendingClub by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 20,704 shares of the credit services provider’s stock valued at $392,000 after purchasing an additional 1,335 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in shares of LendingClub by 13.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 13,533 shares of the credit services provider’s stock worth $256,000 after buying an additional 1,645 shares in the last quarter. 74.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LC has been the subject of a number of research analyst reports. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. BTIG Research reiterated a “buy” rating and issued a $26.00 price target on shares of LendingClub in a report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of LendingClub in a report on Wednesday, May 6th. Piper Sandler reiterated an “overweight” rating and issued a $23.00 price target on shares of LendingClub in a report on Thursday, January 29th. Finally, Wall Street Zen downgraded 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 assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, LendingClub has a consensus rating of “Moderate Buy” and a consensus 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.