Lendingclub (NASDAQ:HAPN) Issues Quarterly Earnings Results

Lendingclub (NASDAQ:HAPN) issued its earnings results on Monday. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.42 by $0.08, FiscalAI reports. The business had revenue of $262.86 million during the quarter. Lendingclub had a return on equity of 13.08% and a net margin of 18.67%. Lendingclub updated its FY 2026 guidance to 1.800-1.900 EPS and its Q3 2026 guidance to 0.430-0.480 EPS.

Lendingclub Stock Up 1.1%

Shares of HAPN opened at $18.95 on Wednesday. Lendingclub has a 1 year low of $13.00 and a 1 year high of $21.67. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 11.42 and a beta of 1.93.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HAPN shares. Weiss Ratings began coverage on shares of Lendingclub in a research report on Thursday, June 25th. They issued a “hold (c+)” rating for the company. Citizens Jmp upped their target price on shares of Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a report on Tuesday. Finally, BTIG Research reiterated a “buy” rating and issued a $25.00 target price on shares of Lendingclub in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Insiders Place Their Bets

In other news, General Counsel Jordan Cheng sold 5,500 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $20.85, for a total value of $114,675.00. Following the completion of the sale, the general counsel owned 102,574 shares of the company’s stock, valued at approximately $2,138,667.90. This represents a 5.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Fergal Stack sold 50,000 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $21.01, for a total transaction of $1,050,500.00. Following the transaction, the senior vice president directly owned 154,977 shares in the company, valued at approximately $3,256,066.77. This represents a 24.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 109,250 shares of company stock valued at $2,241,312. 3.31% of the stock is currently owned by corporate insiders.

About Lendingclub

I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.