Jordan Cheng Sells 2,800 Shares of Lendingclub (NASDAQ:HAPN) Stock

Lendingclub Corp (NASDAQ:HAPN) General Counsel Jordan Cheng sold 2,800 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $17.56, for a total value of $49,168.00. Following the transaction, the general counsel directly owned 106,413 shares in the company, valued at approximately $1,868,612.28. This represents a 2.56% decrease in their position. The transaction 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.

Jordan Cheng also recently made the following trade(s):

• On Wednesday, July 1st, Jordan Cheng sold 5,500 shares of Lendingclub stock. The shares were sold at an average price of $20.85, for a total value of $114,675.00.

Lendingclub Trading Up 1.0%

HAPN stock opened at $17.75 on Friday. The company has a market capitalization of $2.05 billion, a P/E ratio of 10.69 and a beta of 1.86. Lendingclub Corp has a twelve month low of $13.05 and a twelve month high of $21.67. The business’s fifty day moving average price is $19.10.

Lendingclub (NASDAQ:HAPN) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.08. The business had revenue of $262.86 million for the quarter. Lendingclub had a return on equity of 12.92% and a net margin of 18.67%.Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. On average, analysts predict that Lendingclub Corp will post 1.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. BTIG Research reiterated a “buy” rating and set a $25.00 price target on shares of Lendingclub in a research report on Tuesday, July 28th. Weiss Ratings assumed coverage on shares of Lendingclub in a report on Thursday, June 25th. They issued a “hold (c+)” rating on the stock. Finally, Citizens Jmp raised their price objective on shares of Lendingclub from $23.00 to $25.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

About Lendingclub

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