LendingClub (NYSE:LC) CEO Scott Sanborn Sells 4,899 Shares of Stock

LendingClub Corporation (NYSE:LC) CEO Scott Sanborn sold 4,899 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $18.00, for a total transaction of $88,182.00. Following the sale, the chief executive officer owned 1,589,813 shares of the company’s stock, valued at $28,616,634. This trade represents a 0.31% decrease in their position. 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.

Scott Sanborn also recently made the following trade(s):

• On Tuesday, June 2nd, Scott Sanborn sold 23,851 shares of LendingClub stock. The stock was sold at an average price of $17.86, for a total transaction of $425,978.86.

LendingClub Stock Up 5.7%

NYSE LC opened at $18.20 on Friday. The stock has a market capitalization of $2.10 billion, a P/E ratio of 12.21 and a beta of 1.98. LendingClub Corporation has a 52-week low of $10.41 and a 52-week high of $21.67. The firm has a 50-day moving average price of $16.41 and a 200 day moving average price of $17.10.

LendingClub (NYSE:LC) last posted its quarterly earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, topping 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 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 company 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. On average, equities research analysts expect that LendingClub Corporation will post 1.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LC has been the subject of a number of recent research reports. Stephens reissued an “overweight” rating and set a $22.50 price objective (up from $21.00) on shares of LendingClub in a research note on Tuesday, April 28th. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, LendingClub has an average rating of “Moderate Buy” and a consensus price target of $23.07.

Institutional Investors Weigh In On LendingClub

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of LendingClub by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock valued at $221,547,000 after purchasing an additional 516,542 shares during the period. Wellington Management Group LLP boosted its holdings in shares of LendingClub by 18.8% in the third 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of LendingClub by 2.5% in the first 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 in the last quarter. Senvest Management LLC boosted its holdings in LendingClub by 5.2% during the first quarter. Senvest Management LLC now owns 4,546,812 shares of the credit services provider’s stock worth $65,110,000 after buying an additional 226,754 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in LendingClub during the fourth quarter worth approximately $63,580,000. Institutional investors and hedge funds 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.