Fergal Stack Sells 37,500 Shares of Lendingclub (NASDAQ:HAPN) Stock

Lendingclub Corp (NASDAQ:HAPNGet Free Report) SVP Fergal Stack sold 37,500 shares of Lendingclub stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $18.64, for a total transaction of $699,000.00. Following the sale, the senior vice president owned 77,477 shares of the company’s stock, valued at approximately $1,444,171.28. The trade was a 32.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fergal Stack also recently made the following trade(s):

  • On Tuesday, August 18th, Fergal Stack sold 40,000 shares of Lendingclub stock. The shares were sold at an average price of $18.86, for a total transaction of $754,400.00.
  • On Wednesday, July 1st, Fergal Stack sold 50,000 shares of Lendingclub stock. The stock was sold at an average price of $21.01, for a total transaction of $1,050,500.00.

Lendingclub Stock Down 3.2%

HAPN traded down $0.59 during midday trading on Thursday, hitting $17.97. 1,371,240 shares of the company traded hands, compared to its average volume of 1,544,969. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 10.83 and a beta of 1.91. Lendingclub Corp has a 52-week low of $13.05 and a 52-week high of $21.67.

Lendingclub (NASDAQ:HAPNGet Free Report) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $262.86 million for the quarter. Lendingclub had a net margin of 18.67% and a return on equity of 12.92%. 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, research analysts forecast that Lendingclub Corp will post 1.87 EPS for the current year.

Analysts Set New Price Targets

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

Read Our Latest Analysis on HAPN

About Lendingclub

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

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