Jordan Cheng Sells 5,500 Shares of LendingClub (NYSE:LC) Stock

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

LendingClub Stock Up 4.9%

NYSE LC traded up $0.83 on Friday, hitting $17.86. 2,822,366 shares of the stock were exchanged, compared to its average volume of 1,449,582. LendingClub Corporation has a fifty-two week low of $9.78 and a fifty-two week high of $21.67. The company has a market cap of $2.06 billion, a PE ratio of 11.99 and a beta of 2.00. The company has a 50-day moving average price of $15.82 and a 200-day moving average price of $17.08.

LendingClub (NYSE:LC) last issued its earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $249.10 million. During the same quarter in the prior year, the business posted $0.10 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. 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 research analysts predict that LendingClub Corporation will post 1.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LC shares. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of LendingClub in a report on Wednesday, May 6th. BTIG Research restated a “buy” rating and issued a $26.00 target price on shares of LendingClub in a report on Thursday, January 29th. Stephens restated an “overweight” rating and issued a $22.50 target price (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. Finally, Piper Sandler restated an “overweight” rating and issued a $23.00 target price on shares of LendingClub in a report on Thursday, January 29th. One investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.07.

Institutional Trading of LendingClub

Several institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Bank raised its position in LendingClub by 6,520.7% during the 4th quarter. Comerica Bank now owns 72,232 shares of the credit services provider’s stock worth $1,368,000 after buying an additional 71,141 shares during the last quarter. Federated Hermes Inc. raised its position in LendingClub by 21.4% during the 3rd quarter. Federated Hermes Inc. now owns 559,686 shares of the credit services provider’s stock worth $8,502,000 after buying an additional 98,483 shares during the last quarter. Vanguard Group Inc. raised its position in LendingClub by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock worth $221,547,000 after buying an additional 516,542 shares during the last quarter. Allianz Asset Management GmbH raised its position in LendingClub by 48.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 293,066 shares of the credit services provider’s stock worth $4,452,000 after buying an additional 95,240 shares during the last quarter. Finally, Wakefield Asset Management LLLP purchased a new position in LendingClub during the 3rd quarter worth $1,136,000. Hedge funds and other 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.