LendingClub (NYSE:LC) CEO Scott Sanborn Sells 23,851 Shares of Stock

LendingClub Corporation (NYSE:LC) CEO Scott Sanborn sold 23,851 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $17.86, for a total transaction of $425,978.86. Following the transaction, the chief executive officer directly owned 1,594,712 shares in the company, valued at approximately $28,481,556.32. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

LendingClub Trading Up 7.3%

Shares of LC stock opened at $17.59 on Friday. LendingClub Corporation has a 12 month low of $10.11 and a 12 month high of $21.67. The stock has a market cap of $2.03 billion, a PE ratio of 11.81 and a beta of 1.98. The company’s fifty day moving average price is $16.07 and its 200-day moving average price is $17.05.

LendingClub (NYSE:LC) last announced its earnings results on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The firm had revenue of $252.25 million for 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 company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 EPS. 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 1.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Zacks Research upgraded shares of 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 note on Wednesday, May 6th. Stephens reiterated an “overweight” rating and issued a $22.50 price target (up from $21.00) on shares of LendingClub in a research note on Tuesday, April 28th. Finally, Wall Street Zen cut shares of LendingClub from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.07.

Institutional Trading of LendingClub

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of LendingClub by 4.6% during 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 acquiring an additional 516,542 shares during the last quarter. Wellington Management Group LLP boosted its holdings 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 valued at $120,921,000 after acquiring an additional 1,261,861 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of LendingClub by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,760,141 shares of the credit services provider’s stock valued at $82,482,000 after acquiring an additional 139,746 shares during the last quarter. Senvest Management LLC boosted its holdings in shares of LendingClub by 5.2% during the 1st quarter. Senvest Management LLC now owns 4,546,812 shares of the credit services provider’s stock valued at $65,110,000 after acquiring an additional 226,754 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of LendingClub during the 4th quarter valued at about $63,580,000. Hedge funds and other institutional investors own 74.08% of the company’s stock.

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.