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

LendingClub Corporation (NYSE:LC) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat reports. Two 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 analysts that have covered the stock in the last year is $23.0714.

Several equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. Stephens reissued an “overweight” rating and set a $22.50 target price (up from $21.00) on shares of LendingClub in a research note on Tuesday, April 28th. Finally, Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th.

LendingClub Price Performance

Shares of NYSE LC opened at $19.21 on Friday. The stock’s 50 day moving average price is $17.62 and its two-hundred day moving average price is $17.15. LendingClub has a 52-week low of $10.74 and a 52-week high of $21.67. The stock has a market capitalization of $2.22 billion, a P/E ratio of 12.89 and a beta of 1.98.

LendingClub (NYSE:LC) last released its earnings results on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, topping 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 company had revenue of $252.25 million for the quarter, compared to the consensus estimate of $249.10 million. During the same quarter last year, the business posted $0.10 EPS. LendingClub’s quarterly 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. On average, analysts anticipate that LendingClub will post 1.74 EPS for the current year.

Insiders Place Their Bets

In other news, 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 transaction of $88,182.00. Following the completion of the transaction, the chief executive officer directly owned 1,589,813 shares in the company, valued at approximately $28,616,634. The trade was a 0.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew Labenne sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $17.00, for a total value of $340,000.00. Following the completion of the transaction, the chief financial officer directly owned 234,955 shares of the company’s stock, valued at $3,994,235. This trade represents a 7.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 119,750 shares of company stock worth $2,183,691. 3.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LC. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LendingClub during the fourth quarter valued at $63,580,000. Azora Capital LP raised its stake in shares of LendingClub by 258.2% during the third quarter. Azora Capital LP now owns 2,391,190 shares of the credit services provider’s stock valued at $36,322,000 after purchasing an additional 1,723,658 shares in the last quarter. Wellington Management Group LLP lifted its holdings in LendingClub by 18.8% in the third quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock worth $120,921,000 after purchasing an additional 1,261,861 shares during the period. Marshall Wace LLP lifted its holdings in LendingClub by 1,232.2% in the third quarter. Marshall Wace LLP now owns 735,821 shares of the credit services provider’s stock worth $11,177,000 after purchasing an additional 680,589 shares during the period. Finally, Vanguard Group Inc. grew its position in LendingClub by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock valued at $221,547,000 after buying an additional 516,542 shares in the last quarter. Institutional investors own 74.08% of the company’s stock.

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.