Emerald Advisers LLC Has $13.28 Million Stock Holdings in LendingClub Corporation $LC

Emerald Advisers LLC boosted its position in shares of LendingClub Corporation (NYSE:LC) by 19.2% in the 1st quarter, HoldingsChannel reports. The firm owned 927,596 shares of the credit services provider’s stock after buying an additional 149,388 shares during the period. Emerald Advisers LLC’s holdings in LendingClub were worth $13,283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of LC. International Assets Investment Management LLC bought a new stake in LendingClub during the 4th quarter worth about $40,000. Kestra Advisory Services LLC acquired a new position in shares of LendingClub in the 4th quarter valued at approximately $44,000. Quarry LP increased its position in shares of LendingClub by 343.0% during the third quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock worth $46,000 after acquiring an additional 2,346 shares in the last quarter. Headlands Technologies LLC bought a new position in LendingClub during the 2nd quarter worth about $53,000. Finally, Larson Financial Group LLC grew its stake in shares of LendingClub by 1,435.4% during the 4th quarter. Larson Financial Group LLC now owns 3,040 shares of the credit services provider’s stock worth $58,000 after acquiring an additional 2,842 shares in the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LC shares. Stephens reiterated 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LendingClub in a research report 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.07.

LendingClub Stock Performance

LC stock opened at $19.21 on Tuesday. The company has a fifty day moving average price of $17.72 and a 200-day moving average price of $17.14. LendingClub Corporation has a 52-week low of $10.74 and a 52-week high of $21.67. The company 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 issued its quarterly earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $249.10 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business’s quarterly revenue 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, sell-side analysts forecast that LendingClub Corporation will post 1.74 earnings per share for the current fiscal year.

Insider Activity at LendingClub

In related news, General Counsel Jordan Cheng sold 5,500 shares of LendingClub stock in a transaction on Wednesday, June 10th. The shares were 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 owned 108,074 shares of the company’s stock, valued at approximately $1,886,972.04. This trade represents a 4.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $17.00, for a total transaction of $340,000.00. Following the sale, the chief financial officer directly owned 234,955 shares of the company’s stock, valued at approximately $3,994,235. The trade was a 7.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 119,750 shares of company stock valued at $2,183,691. Company insiders own 3.19% 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.