Fergal Stack Sells 60,000 Shares of LendingClub (NYSE:LC) Stock

LendingClub Corporation (NYSE:LC) SVP Fergal Stack sold 60,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $19.00, for a total value of $1,140,000.00. Following the completion of the transaction, the senior vice president owned 204,977 shares of the company’s stock, valued at $3,894,563. The trade was a 22.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

LendingClub Stock Performance

Shares of NYSE LC opened at $19.21 on Friday. LendingClub Corporation has a one year low of $10.74 and a one year high of $21.67. The firm has a market capitalization of $2.22 billion, a P/E ratio of 12.89 and a beta of 1.98. The company’s fifty day moving average is $16.92 and its two-hundred day moving average is $17.16.

LendingClub (NYSE:LC) last announced its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. The firm 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 business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $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. On average, sell-side analysts forecast that LendingClub Corporation will post 1.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Aster Capital Management DIFC Ltd acquired a new position in shares of LendingClub during the 3rd quarter worth approximately $26,000. International Assets Investment Management LLC purchased a new position in LendingClub during the fourth quarter worth $40,000. Kestra Advisory Services LLC purchased a new position in LendingClub during the fourth quarter worth $44,000. Quarry LP raised its holdings in shares of LendingClub by 343.0% in 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 during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of LendingClub in the second quarter valued at $53,000. 74.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on LC. Zacks Research raised LendingClub from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. Finally, Stephens restated an “overweight” rating and issued a $22.50 price target (up from $21.00) on shares of LendingClub in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.07.

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.