LendingClub (NYSE:LC) CEO Sells $425,978.86 in Stock

LendingClub Corporation (NYSE:LC) CEO Scott Sanborn sold 23,851 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $17.86, for a total transaction of $425,978.86. Following the transaction, the chief executive officer directly owned 1,594,712 shares in the company, valued at approximately $28,481,556.32. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

LendingClub Trading Down 2.3%

Shares of NYSE:LC opened at $17.17 on Friday. The company has a fifty day simple moving average of $16.13 and a 200 day simple moving average of $17.05. The firm has a market cap of $1.98 billion, a PE ratio of 11.53 and a beta of 1.98. LendingClub Corporation has a 12-month low of $10.29 and a 12-month high of $21.67.

LendingClub (NYSE:LC) last issued its quarterly earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $249.10 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The business’s revenue 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. As a group, equities research analysts forecast that LendingClub Corporation will post 1.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on LC. Weiss Ratings reiterated a “hold (c+)” rating on shares of LendingClub in a research note on Wednesday, May 6th. Stephens reiterated an “overweight” rating and set a $22.50 target price (up from $21.00) on shares of LendingClub in a research note on Tuesday, April 28th. Wall Street Zen lowered shares of LendingClub from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.07.

Hedge Funds Weigh In On LendingClub

Several institutional investors have recently modified their holdings of LC. Aster Capital Management DIFC Ltd acquired a new stake in LendingClub in the third quarter worth about $26,000. International Assets Investment Management LLC acquired a new stake in LendingClub in the fourth quarter worth about $40,000. Kestra Advisory Services LLC acquired a new stake in LendingClub in the fourth quarter worth about $44,000. Quarry LP lifted its holdings in LendingClub by 343.0% in the third quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock worth $46,000 after purchasing an additional 2,346 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in LendingClub in the second quarter worth about $53,000. 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.