LendingClub (NYSE:LC) Shares Down 9.1% – Here’s Why

LendingClub Corporation (NYSE:LC)’s share price was down 9.1% during trading on Monday . The company traded as low as $14.67 and last traded at $14.7810. Approximately 1,007,433 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 2,350,567 shares. The stock had previously closed at $16.26.

Analysts Set New Price Targets

LC has been the topic of several recent analyst reports. Zacks Research raised LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. BTIG Research restated a “buy” rating and set a $26.00 target price on shares of LendingClub in a research note on Thursday, January 29th. Keefe, Bruyette & Woods lifted their price target on shares of LendingClub from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Janney Montgomery Scott boosted their price objective on shares of LendingClub from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Finally, Wall Street Zen cut shares of LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

LendingClub Trading Down 9.3%

The stock has a 50 day moving average of $18.70 and a 200-day moving average of $17.53. The company has a market capitalization of $1.70 billion, a P/E ratio of 12.83 and a beta of 2.08.

LendingClub (NYSE:LC) last issued its earnings results on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. LendingClub had a net margin of 13.58% and a return on equity of 9.47%. The company had revenue of $266.47 million during the quarter, compared to the consensus estimate of $262.88 million. During the same quarter in the prior year, the firm posted $0.08 EPS. LendingClub’s quarterly revenue was up 22.7% compared to the same quarter last year. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. As a group, sell-side analysts expect that LendingClub Corporation will post 0.72 EPS for the current fiscal year.

LendingClub declared that its board has approved a stock repurchase program on Wednesday, November 5th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the credit services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other LendingClub news, Director Erin Selleck sold 2,390 shares of LendingClub stock in a transaction on Friday, December 5th. The shares were sold at an average price of $19.47, for a total value of $46,533.30. Following the sale, the director directly owned 76,377 shares in the company, valued at approximately $1,487,060.19. The trade was a 3.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.31% of the company’s stock.

Hedge Funds Weigh In On LendingClub

Several institutional investors have recently bought and sold shares of LC. Aster Capital Management DIFC Ltd bought a new position in shares of LendingClub in the 3rd quarter valued at about $26,000. International Assets Investment Management LLC bought a new stake in shares of LendingClub in the 4th quarter valued at approximately $40,000. Kestra Advisory Services LLC bought a new stake in shares of LendingClub in the 4th quarter valued at approximately $44,000. Quarry LP boosted its holdings in shares of LendingClub by 343.0% in the 3rd 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, Larson Financial Group LLC increased its position in LendingClub by 1,435.4% during the fourth quarter. Larson Financial Group LLC now owns 3,040 shares of the credit services provider’s stock valued at $58,000 after acquiring an additional 2,842 shares during the last quarter. 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.