LendingClub Corporation (NYSE:LC) Receives Consensus Rating of “Moderate Buy” from Brokerages

LendingClub Corporation (NYSE:LC) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $23.0714.

A number of analysts recently commented on the company. Stephens reaffirmed an “overweight” rating and set a $22.50 price objective (up from $21.00) on shares of LendingClub in a research note on Tuesday, April 28th. Wall Street Zen lowered LendingClub from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LendingClub in a research note on Wednesday, May 6th. Finally, Zacks Research raised LendingClub from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th.

Insider Activity at LendingClub

In other LendingClub news, CEO Scott Sanborn sold 4,899 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $18.00, for a total value of $88,182.00. Following the sale, the chief executive officer directly owned 1,589,813 shares of the company’s stock, valued at approximately $28,616,634. This trade represents a 0.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jordan Cheng sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $17.46, for a total value of $96,030.00. Following the completion of the sale, the general counsel directly owned 108,074 shares in the company, valued at approximately $1,886,972.04. The trade was a 4.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 59,750 shares of company stock valued at $1,043,691 over the last quarter. Insiders own 3.31% of the company’s stock.

Institutional Trading of LendingClub

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in LendingClub by 14.8% in the 1st quarter. Bank of America Corp DE now owns 1,309,624 shares of the credit services provider’s stock worth $18,754,000 after buying an additional 169,220 shares during the last quarter. Edgestream Partners L.P. boosted its stake in LendingClub by 64.8% in the 1st quarter. Edgestream Partners L.P. now owns 157,040 shares of the credit services provider’s stock worth $2,249,000 after buying an additional 61,770 shares during the last quarter. California State Teachers Retirement System boosted its stake in LendingClub by 28.0% in the 1st quarter. California State Teachers Retirement System now owns 137,043 shares of the credit services provider’s stock worth $1,962,000 after buying an additional 29,987 shares during the last quarter. Quantinno Capital Management LP boosted its stake in LendingClub by 207.1% in the 1st quarter. Quantinno Capital Management LP now owns 118,141 shares of the credit services provider’s stock worth $1,692,000 after buying an additional 79,671 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in LendingClub in the 1st quarter worth about $179,000. 74.08% of the stock is owned by institutional investors and hedge funds.

LendingClub Stock Down 0.0%

LC opened at $18.05 on Monday. The firm has a market cap of $2.08 billion, a P/E ratio of 12.11 and a beta of 1.98. LendingClub has a 52 week low of $10.41 and a 52 week high of $21.67. The business’s fifty day simple moving average is $16.48 and its 200 day simple moving average is $17.11.

LendingClub (NYSE:LC) last posted its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The business had revenue of $252.25 million for the quarter, compared to analyst estimates of $249.10 million. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. 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 analysts expect that LendingClub will post 1.74 EPS for the current fiscal year.

About LendingClub

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.