LendingClub Corporation (NYSE:LC) Short Interest Down 17.7% in April

LendingClub Corporation (NYSE:LC) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 5,428,951 shares, a drop of 17.7% from the March 31st total of 6,593,818 shares. Based on an average daily trading volume, of 1,730,923 shares, the days-to-cover ratio is presently 3.1 days. Currently, 4.9% of the company’s stock are sold short.

Insider Activity

In related news, Director Erin Selleck sold 2,390 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $15.46, for a total transaction of $36,949.40. Following the sale, the director directly owned 78,767 shares in the company, valued at approximately $1,217,737.82. This trade represents a 2.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.19% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of LendingClub by 3.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,482 shares of the credit services provider’s stock valued at $357,000 after acquiring an additional 793 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in 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 purchasing an additional 1,084 shares during the period. Jones Financial Companies Lllp boosted its holdings in 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 purchasing an additional 1,290 shares during the period. ProShare Advisors LLC increased its stake in LendingClub by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 20,704 shares of the credit services provider’s stock valued at $392,000 after purchasing an additional 1,335 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in LendingClub by 13.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 13,533 shares of the credit services provider’s stock valued at $256,000 after purchasing an additional 1,645 shares during the last quarter. Institutional investors own 74.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LC shares. 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. Wall Street Zen downgraded shares of LendingClub from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Stephens reiterated an “overweight” rating and issued a $22.50 price objective (up from $21.00) on shares of LendingClub in a report on Tuesday. Finally, Piper Sandler reissued an “overweight” rating and issued a $23.00 price objective on shares of LendingClub in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.07.

LendingClub Trading Down 0.1%

LC stock traded down $0.02 during mid-day trading on Friday, hitting $17.05. 2,429,783 shares of the company were exchanged, compared to its average volume of 2,828,840. The firm has a fifty day simple moving average of $15.29 and a 200 day simple moving average of $17.20. The company has a market capitalization of $1.97 billion, a PE ratio of 11.44 and a beta of 1.95. LendingClub has a twelve month low of $9.70 and a twelve month high of $21.67.

LendingClub (NYSE:LC) last issued its quarterly earnings results on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06. The business had revenue of $252.25 million for the quarter, compared to analysts’ expectations of $249.10 million. LendingClub had a net margin of 16.99% and a return on equity of 12.06%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $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, sell-side analysts anticipate that LendingClub will post 1.72 earnings per share for the current year.

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.