LendingClub (NYSE:LC) General Counsel Sells $93,500.00 in Stock

LendingClub Corporation (NYSE:LC) General Counsel Jordan Cheng sold 5,500 shares of LendingClub stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $17.00, for a total transaction of $93,500.00. Following the completion of the transaction, the general counsel directly owned 113,574 shares in the company, valued at approximately $1,930,758. This represents a 4.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

LendingClub Stock Up 0.1%

NYSE:LC opened at $17.86 on Monday. LendingClub Corporation has a 12 month low of $9.78 and a 12 month high of $21.67. The company’s 50 day moving average is $15.82 and its 200-day moving average is $17.07. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 11.99 and a beta of 1.98.

LendingClub (NYSE:LC) last announced its 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 for the quarter, compared to analyst estimates of $249.10 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. LendingClub’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. Research analysts predict that LendingClub Corporation will post 1.72 EPS for the current fiscal year.

Institutional Investors Weigh In On LendingClub

A number of institutional investors have recently bought and sold shares of LC. AQR Capital Management LLC boosted its stake in LendingClub by 165.1% during the first quarter. AQR Capital Management LLC now owns 33,788 shares of the credit services provider’s stock worth $349,000 after buying an additional 21,045 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in LendingClub by 1.4% during the first quarter. Goldman Sachs Group Inc. now owns 852,005 shares of the credit services provider’s stock worth $8,793,000 after buying an additional 12,019 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in LendingClub by 3.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 300,658 shares of the credit services provider’s stock worth $3,103,000 after buying an additional 11,407 shares in the last quarter. Cetera Investment Advisers boosted its stake in LendingClub by 105.9% during the second quarter. Cetera Investment Advisers now owns 28,870 shares of the credit services provider’s stock worth $347,000 after buying an additional 14,851 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in LendingClub by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 585,163 shares of the credit services provider’s stock worth $7,040,000 after buying an additional 57,309 shares in the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.

Wall Street Analyst Weigh In

LC has been the topic of a number of research reports. Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Wall Street Zen lowered shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. Finally, Stephens reaffirmed an “overweight” rating and set a $22.50 target price (up from $21.00) on shares of LendingClub in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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.