Insider Selling: LendingClub (NYSE:LC) CEO Sells 4,899 Shares of Stock

LendingClub Corporation (NYSE:LC) CEO Scott Sanborn sold 4,899 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $18.00, for a total value of $88,182.00. Following the transaction, the chief executive officer directly owned 1,589,813 shares in the company, valued at $28,616,634. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Scott Sanborn also recently made the following trade(s):

• On Tuesday, June 2nd, Scott Sanborn sold 23,851 shares of LendingClub stock. The shares were sold at an average price of $17.86, for a total value of $425,978.86.

LendingClub Stock Up 5.7%

Shares of NYSE:LC traded up $0.98 during trading on Thursday, reaching $18.20. 1,970,900 shares of the company traded hands, compared to its average volume of 2,179,683. The company’s 50 day moving average is $16.33 and its two-hundred day moving average is $17.09. The firm has a market capitalization of $2.10 billion, a PE ratio of 12.21 and a beta of 1.98. LendingClub Corporation has a 52 week low of $10.41 and a 52 week high of $21.67.

LendingClub (NYSE:LC) last released its earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.The firm had revenue of $252.25 million during the quarter, compared to the consensus estimate of $249.10 million. During the same period in the prior year, the company posted $0.10 EPS. The company’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, research analysts anticipate that LendingClub Corporation will post 1.72 EPS for the current year.

Institutional Investors Weigh In On LendingClub

Institutional investors and hedge funds have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd bought a new stake in shares of LendingClub during the 3rd quarter valued at about $26,000. International Assets Investment Management LLC bought a new stake in shares of LendingClub during the 4th quarter valued at about $40,000. Kestra Advisory Services LLC bought a new stake in shares of LendingClub during the 4th quarter valued at about $44,000. Quarry LP boosted its position in shares of LendingClub by 343.0% during the 3rd quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock valued at $46,000 after purchasing an additional 2,346 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of LendingClub by 1,435.4% during the 4th quarter. Larson Financial Group LLC now owns 3,040 shares of the credit services provider’s stock valued at $58,000 after purchasing an additional 2,842 shares in the last quarter. Institutional investors own 74.08% of the company’s stock.

Analysts Set New Price Targets

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

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.