Seaport Res Ptn Has Weak Outlook for LendingClub Q2 Earnings

LendingClub Co. (NYSE:LC) – Investment analysts at Seaport Res Ptn cut their Q2 2025 earnings estimates for shares of LendingClub in a report issued on Tuesday, May 6th. Seaport Res Ptn analyst W. Ryan now expects that the credit services provider will post earnings per share of $0.14 for the quarter, down from their prior forecast of $0.16. The consensus estimate for LendingClub’s current full-year earnings is $0.72 per share. Seaport Res Ptn also issued estimates for LendingClub’s Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.20 EPS, FY2025 earnings at $0.61 EPS and FY2026 earnings at $1.08 EPS.

Several other equities analysts have also commented on LC. Piper Sandler restated an “overweight” rating and issued a $19.00 price objective (down from $20.00) on shares of LendingClub in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on shares of LendingClub from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Keefe, Bruyette & Woods cut their price target on LendingClub from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Finally, StockNews.com downgraded shares of LendingClub from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.75.

LendingClub Stock Up 2.8 %

Shares of LendingClub stock opened at $10.28 on Thursday. The business’s fifty day simple moving average is $10.33 and its 200-day simple moving average is $13.51. LendingClub has a 52 week low of $7.81 and a 52 week high of $18.75. The firm has a market cap of $1.17 billion, a PE ratio of 22.83 and a beta of 2.35.

LendingClub (NYSE:LC) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. LendingClub had a net margin of 6.52% and a return on equity of 4.16%. The firm had revenue of $217.71 million during the quarter, compared to analysts’ expectations of $213.71 million. During the same period last year, the business earned $0.11 earnings per share. LendingClub’s revenue was up 21670.0% compared to the same quarter last year.

Hedge Funds Weigh In On LendingClub

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in shares of LendingClub by 353.1% in the 4th quarter. Wellington Management Group LLP now owns 3,799,585 shares of the credit services provider’s stock worth $61,515,000 after purchasing an additional 2,961,050 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of LendingClub by 229.1% during the 4th quarter. Driehaus Capital Management LLC now owns 3,588,799 shares of the credit services provider’s stock valued at $58,103,000 after acquiring an additional 2,498,318 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in LendingClub by 196.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,131,253 shares of the credit services provider’s stock worth $34,505,000 after purchasing an additional 1,412,568 shares during the period. American Century Companies Inc. raised its position in LendingClub by 9.3% in the fourth quarter. American Century Companies Inc. now owns 1,895,699 shares of the credit services provider’s stock valued at $30,691,000 after purchasing an additional 160,916 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in shares of LendingClub by 2.8% during the fourth quarter. Nuveen Asset Management LLC now owns 1,839,360 shares of the credit services provider’s stock worth $29,779,000 after purchasing an additional 49,996 shares in the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.

Insider Transactions at LendingClub

In other LendingClub news, General Counsel Jordan Cheng sold 7,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $14.10, for a total value of $98,700.00. Following the completion of the transaction, the general counsel now directly owns 88,263 shares in the company, valued at approximately $1,244,508.30. The trade was a 7.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Scott Sanborn sold 5,250 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $10.00, for a total value of $52,500.00. Following the completion of the transaction, the chief executive officer now owns 1,292,532 shares of the company’s stock, valued at $12,925,320. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,750 shares of company stock worth $257,985. Company insiders own 3.19% of the company’s stock.

About LendingClub

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.