Andrew Labenne Sells 20,000 Shares of LendingClub (NYSE:LC) Stock

LendingClub Corporation (NYSE:LC) CFO Andrew Labenne sold 20,000 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $17.00, for a total transaction of $340,000.00. Following the transaction, the chief financial officer owned 234,955 shares of the company’s stock, valued at $3,994,235. This represents a 7.84% decrease in their ownership of the stock. 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.

LendingClub Trading Up 4.9%

NYSE:LC traded up $0.83 during trading hours on Friday, reaching $17.86. 2,822,366 shares of the company were exchanged, compared to its average volume of 1,449,582. The stock’s 50-day moving average is $15.82 and its 200-day moving average is $17.08. The firm has a market cap of $2.06 billion, a PE ratio of 11.99 and a beta of 2.00. LendingClub Corporation has a twelve month low of $9.78 and a twelve month high of $21.67.

LendingClub (NYSE:LC) last posted its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $252.25 million during the quarter, compared to analysts’ expectations of $249.10 million. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business 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. As a group, research analysts anticipate that LendingClub Corporation will post 1.72 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LC. Fuller & Thaler Asset Management Inc. purchased a new stake in LendingClub in the fourth quarter valued at $63,580,000. Azora Capital LP increased its position in shares of LendingClub by 258.2% during the 3rd quarter. Azora Capital LP now owns 2,391,190 shares of the credit services provider’s stock worth $36,322,000 after purchasing an additional 1,723,658 shares during the last quarter. Wellington Management Group LLP increased its position in shares of LendingClub by 18.8% during the 3rd quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock worth $120,921,000 after purchasing an additional 1,261,861 shares during the last quarter. Marshall Wace LLP raised its holdings in LendingClub by 1,232.2% in the 3rd quarter. Marshall Wace LLP now owns 735,821 shares of the credit services provider’s stock valued at $11,177,000 after buying an additional 680,589 shares during the period. Finally, Vanguard Group Inc. raised its holdings in LendingClub by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock valued at $221,547,000 after buying an additional 516,542 shares during the period. 74.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BTIG Research restated a “buy” rating and set a $26.00 price objective on shares of LendingClub in a research report on Thursday, January 29th. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Weiss Ratings restated a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. Wall Street Zen cut shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Piper Sandler restated an “overweight” rating and set a $23.00 price objective on shares of LendingClub in a research report on Thursday, January 29th. One 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.07.

LendingClub Company Profile

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.