LendingClub Corporation (NYSE:LC) Short Interest Update

LendingClub Corporation (NYSE:LC) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 3,971,615 shares, a drop of 16.4% from the January 29th total of 4,749,249 shares. Based on an average daily trading volume, of 2,442,340 shares, the short-interest ratio is currently 1.6 days. Currently, 3.6% of the shares of the company are short sold. Currently, 3.6% of the shares of the company are short sold. Based on an average daily trading volume, of 2,442,340 shares, the short-interest ratio is currently 1.6 days.

LendingClub Stock Performance

NYSE:LC traded down $0.51 during trading hours on Thursday, reaching $15.10. The stock had a trading volume of 1,544,569 shares, compared to its average volume of 2,330,675. The stock has a market capitalization of $1.74 billion, a PE ratio of 13.13 and a beta of 2.11. LendingClub has a 52 week low of $7.90 and a 52 week high of $21.67. The company has a 50 day moving average price of $18.05 and a two-hundred day moving average price of $17.51.

LendingClub (NYSE:LC) last posted its earnings results on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. LendingClub had a net margin of 13.58% and a return on equity of 9.47%. The firm had revenue of $266.47 million during the quarter, compared to analyst estimates of $262.88 million. During the same period last year, the firm posted $0.08 earnings per share. LendingClub’s revenue for the quarter was up 22.7% compared to the same quarter last year. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. Equities research analysts predict that LendingClub will post 0.72 EPS for the current year.

LendingClub announced that its board has initiated a stock repurchase plan on Wednesday, November 5th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the credit services provider to purchase up to 4.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages recently issued reports on LC. BTIG Research reiterated a “buy” rating and set a $26.00 price objective on shares of LendingClub in a research note on Thursday, January 29th. Janney Montgomery Scott upped their price target on shares of LendingClub from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. raised their price objective on shares of LendingClub from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Citizens Jmp upgraded shares of LendingClub from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research note on Monday, November 10th. Finally, Wall Street Zen cut LendingClub from a “buy” rating to a “hold” rating in a report 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 given a Hold rating to the company’s stock. According to data from MarketBeat, LendingClub has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Insider Buying and Selling

In other LendingClub news, Director Erin Selleck sold 2,390 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $19.47, for a total value of $46,533.30. Following the transaction, the director owned 76,377 shares of the company’s stock, valued at approximately $1,487,060.19. This represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.19% of the company’s stock.

Institutional Trading of LendingClub

A number of institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of LendingClub by 3.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,482 shares of the credit services provider’s stock worth $357,000 after purchasing an additional 793 shares during the period. Osaic Holdings Inc. raised its holdings in shares of LendingClub by 8.8% in the second quarter. Osaic Holdings Inc. now owns 13,354 shares of the credit services provider’s stock worth $160,000 after buying an additional 1,084 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of LendingClub by 46.7% in the third quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider’s stock worth $67,000 after buying an additional 1,290 shares during the period. ProShare Advisors LLC lifted its stake in shares of LendingClub by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 20,704 shares of the credit services provider’s stock worth $392,000 after acquiring an additional 1,335 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its position in LendingClub by 13.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 13,533 shares of the credit services provider’s stock valued at $256,000 after acquiring an additional 1,645 shares during the last quarter. 74.08% of the stock is currently owned by institutional investors.

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.