LendingClub (NYSE:LC) General Counsel Jordan Cheng Sells 5,500 Shares of Stock

LendingClub Corporation (NYSE:LC) General Counsel Jordan Cheng sold 5,500 shares of LendingClub stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $17.00, for a total transaction of $93,500.00. Following the transaction, the general counsel owned 113,574 shares of the company’s stock, valued at $1,930,758. This represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

LendingClub Price Performance

Shares of NYSE LC opened at $17.86 on Friday. The stock has a market capitalization of $2.06 billion, a P/E ratio of 11.99 and a beta of 2.00. The company has a 50-day moving average price of $15.82 and a 200-day moving average price of $17.08. LendingClub Corporation has a 1 year low of $9.78 and a 1 year high of $21.67.

LendingClub (NYSE:LC) last issued its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 was up 15.9% on a year-over-year basis. During the same period last year, the company 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. As a group, equities research analysts anticipate that LendingClub Corporation will post 1.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in LendingClub in the third quarter worth $26,000. International Assets Investment Management LLC purchased a new position in LendingClub in the fourth quarter worth $40,000. Kestra Advisory Services LLC purchased a new position in LendingClub in the fourth quarter worth $44,000. Quarry LP boosted its position in 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 purchasing an additional 2,346 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in LendingClub in the second quarter worth $53,000. 74.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on LC shares. Wall Street Zen cut LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Zacks Research raised LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Stephens reaffirmed an “overweight” rating and set a $22.50 target price (up from $21.00) on shares of LendingClub in a research report on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. One investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.07.

LendingClub Company Profile

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.