Andrew Labenne Sells 20,000 Shares of LendingClub (NYSE:LC) Stock

LendingClub Corporation (NYSE:LC) CFO Andrew Labenne sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $17.00, for a total value of $340,000.00. Following the completion of the transaction, the chief financial officer owned 234,955 shares of the company’s stock, valued at $3,994,235. The trade was a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

LendingClub Stock Performance

Shares of LendingClub stock opened at $17.86 on Friday. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 11.99 and a beta of 2.00. LendingClub Corporation has a fifty-two week low of $9.78 and a fifty-two week high of $21.67. The stock has a 50 day moving average of $15.82 and a 200 day moving average of $17.08.

LendingClub (NYSE:LC) last issued its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.06. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.The company had revenue of $252.25 million during the quarter, compared to analyst estimates of $249.10 million. During the same period in the prior year, the business posted $0.10 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. Analysts forecast that LendingClub Corporation will post 1.72 EPS for the current year.

Institutional Trading of LendingClub

A number of hedge funds and other institutional investors have recently bought and sold shares of LC. Aster Capital Management DIFC Ltd acquired a new stake in LendingClub in the third quarter valued at $26,000. International Assets Investment Management LLC acquired a new stake in LendingClub in the fourth quarter valued at $40,000. Kestra Advisory Services LLC acquired a new stake in LendingClub in the fourth quarter valued at $44,000. Quarry LP raised its stake in LendingClub by 343.0% in the third quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock valued at $46,000 after buying an additional 2,346 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in LendingClub in the second quarter valued at $53,000. 74.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LC has been the topic of a number of research reports. Stephens restated an “overweight” rating and set a $22.50 price target (up from $21.00) on shares of LendingClub in a research note on Tuesday, April 28th. Zacks Research upgraded LendingClub from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Wall Street Zen cut LendingClub from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of LendingClub in a research note on Wednesday, May 6th. One 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.com, the company has an average rating of “Moderate Buy” and an average 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.