Scott Sanborn Sells 4,899 Shares of LendingClub (NYSE:LC) Stock

LendingClub Corporation (NYSE:LC) CEO Scott Sanborn sold 4,899 shares of LendingClub stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $18.00, for a total transaction of $88,182.00. Following the completion of the sale, the chief executive officer owned 1,589,813 shares in the company, valued at approximately $28,616,634. This trade represents a 0.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Scott Sanborn also recently made the following trade(s):

• On Tuesday, June 2nd, Scott Sanborn sold 23,851 shares of LendingClub stock. The shares were sold at an average price of $17.86, for a total transaction of $425,978.86.

LendingClub Stock Down 1.1%

NYSE:LC opened at $18.05 on Friday. The stock has a market cap of $2.08 billion, a P/E ratio of 12.11 and a beta of 1.98. The firm’s fifty day simple moving average is $16.48 and its 200 day simple moving average is $17.11. LendingClub Corporation has a twelve month low of $10.41 and a twelve month high of $21.67.

LendingClub (NYSE:LC) last released its quarterly earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, beating 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 11.92%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, analysts expect that LendingClub Corporation will post 1.74 EPS for the current fiscal year.

Analysts Set New Price Targets

LC has been the topic of several recent analyst reports. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of LendingClub in a report on Wednesday, May 6th. Wall Street Zen cut shares of LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Finally, Stephens reiterated an “overweight” rating and issued a $22.50 price target (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.07.

Hedge Funds Weigh In On LendingClub

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in LendingClub by 14.8% during the first quarter. Bank of America Corp DE now owns 1,309,624 shares of the credit services provider’s stock valued at $18,754,000 after buying an additional 169,220 shares during the period. Edgestream Partners L.P. lifted its position in LendingClub by 64.8% during the first quarter. Edgestream Partners L.P. now owns 157,040 shares of the credit services provider’s stock valued at $2,249,000 after buying an additional 61,770 shares during the period. California State Teachers Retirement System lifted its position in LendingClub by 28.0% during the first quarter. California State Teachers Retirement System now owns 137,043 shares of the credit services provider’s stock valued at $1,962,000 after buying an additional 29,987 shares during the period. Quantinno Capital Management LP lifted its position in LendingClub by 207.1% during the first quarter. Quantinno Capital Management LP now owns 118,141 shares of the credit services provider’s stock valued at $1,692,000 after buying an additional 79,671 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in LendingClub during the first quarter valued at $179,000. Hedge funds and other institutional investors own 74.08% of the company’s stock.

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.