LendingClub (NYSE:LC) CEO Scott Sanborn Sells 4,899 Shares

LendingClub Corporation (NYSE:LC) 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 in the company, valued at approximately $28,616,634. This represents a 0.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Scott Sanborn also recently made the following trade(s):

• On Tuesday, June 2nd, Scott Sanborn sold 23,851 shares of LendingClub stock. The stock was sold at an average price of $17.86, for a total value of $425,978.86.

LendingClub Trading Up 5.7%

Shares of NYSE LC traded up $0.98 during mid-day trading on Thursday, reaching $18.20. 1,970,900 shares of the company’s stock were exchanged, compared to its average volume of 2,179,683. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 12.21 and a beta of 1.98. The business has a fifty day simple moving average of $16.33 and a 200 day simple moving average of $17.09. LendingClub Corporation has a twelve month low of $10.41 and a twelve month high of $21.67.

LendingClub (NYSE:LC) last released its quarterly 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. The company 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%.LendingClub’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Equities research analysts predict that LendingClub Corporation will post 1.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LC. Wall Street Zen lowered LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. Zacks Research raised LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Finally, Stephens reissued an “overweight” rating and issued a $22.50 target price (up from $21.00) on shares of LendingClub in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, LendingClub presently has a consensus rating of “Moderate Buy” and an average target price of $23.07.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of LendingClub by 14.8% during 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 purchasing an additional 169,220 shares during the last quarter. Edgestream Partners L.P. increased its holdings in shares of LendingClub by 64.8% during the 1st quarter. Edgestream Partners L.P. now owns 157,040 shares of the credit services provider’s stock worth $2,249,000 after acquiring an additional 61,770 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of LendingClub by 28.0% during 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 acquiring an additional 29,987 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of LendingClub by 207.1% during the 1st quarter. Quantinno Capital Management LP now owns 118,141 shares of the credit services provider’s stock worth $1,692,000 after acquiring an additional 79,671 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of LendingClub during the 1st quarter worth approximately $179,000. Institutional investors and hedge funds 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.