Lendingclub (NASDAQ:HAPN) General Counsel Sells $49,168.00 in Stock

Lendingclub Corp (NASDAQ:HAPN) General Counsel Jordan Cheng sold 2,800 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $17.56, for a total value of $49,168.00. Following the sale, the general counsel directly owned 106,413 shares of the company’s stock, valued at approximately $1,868,612.28. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Wednesday, July 1st, Jordan Cheng sold 5,500 shares of Lendingclub stock. The shares were sold at an average price of $20.85, for a total value of $114,675.00.

Lendingclub Stock Performance

Shares of Lendingclub stock opened at $17.75 on Monday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 10.69 and a beta of 1.86. Lendingclub Corp has a 52 week low of $13.05 and a 52 week high of $21.67. The company has a fifty day simple moving average of $19.10.

Lendingclub (NASDAQ:HAPN) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $262.86 million during the quarter. Lendingclub had a return on equity of 12.92% and a net margin of 18.67%.Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. On average, research analysts expect that Lendingclub Corp will post 1.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

HAPN has been the topic of a number of research analyst reports. Citizens Jmp boosted their price target on shares of Lendingclub from $23.00 to $25.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 28th. Weiss Ratings assumed coverage on shares of Lendingclub in a research report on Thursday, June 25th. They set a “hold (c+)” rating for the company. Finally, BTIG Research reiterated a “buy” rating and issued a $25.00 target price on shares of Lendingclub in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.00.

About Lendingclub

I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.