Lendingclub (NASDAQ:HAPN) Price Target Raised to $25.00

Lendingclub (NASDAQ:HAPN) had its price target boosted by Citizens Jmp from $23.00 to $25.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a market outperform rating on the stock.

Several other equities research analysts have also recently commented on the company. BTIG Research reissued a “buy” rating and issued a $25.00 price target on shares of Lendingclub in a research note on Tuesday. Weiss Ratings began coverage on shares of Lendingclub in a research report on Thursday, June 25th. They set a “hold (c+)” rating on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Lendingclub presently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Lendingclub Price Performance

Shares of NASDAQ:HAPN opened at $19.33 on Tuesday. Lendingclub has a 12-month low of $13.05 and a 12-month high of $21.67. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 11.64 and a beta of 1.93.

Lendingclub (NASDAQ:HAPN) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. Lendingclub had a net margin of 18.67% and a return on equity of 13.08%. The business had revenue of $262.86 million for the quarter. Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. Equities analysts forecast that Lendingclub will post 1.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Lendingclub news, General Counsel Jordan Cheng sold 5,500 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $20.85, for a total transaction of $114,675.00. Following the transaction, the general counsel directly owned 102,574 shares of the company’s stock, valued at $2,138,667.90. This represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Fergal Stack sold 50,000 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $21.01, for a total transaction of $1,050,500.00. Following the transaction, the senior vice president directly owned 154,977 shares in the company, valued at $3,256,066.77. The trade was a 24.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 109,250 shares of company stock worth $2,241,312. Corporate insiders own 3.31% of the company’s stock.

Lendingclub Company Profile

I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.