LendingClub Corporation $LC is Harspring Capital Management LLC’s 10th Largest Position

Harspring Capital Management LLC reduced its stake in shares of LendingClub Corporation (NYSE:LC) by 18.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 700,000 shares of the credit services provider’s stock after selling 160,000 shares during the period. LendingClub accounts for 5.3% of Harspring Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Harspring Capital Management LLC’s holdings in LendingClub were worth $10,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in shares of LendingClub during the fourth quarter worth $40,000. Kestra Advisory Services LLC acquired a new stake in LendingClub during the fourth quarter valued at $44,000. Quarry LP grew 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 purchasing an additional 2,346 shares in the last quarter. Headlands Technologies LLC purchased a new position in LendingClub in the second quarter valued at about $53,000. Finally, Larson Financial Group LLC increased its position in LendingClub by 1,435.4% in the 4th quarter. Larson Financial Group LLC now owns 3,040 shares of the credit services provider’s stock worth $58,000 after purchasing an additional 2,842 shares during the last quarter. 74.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Scott Sanborn sold 4,899 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $18.00, for a total value of $88,182.00. Following the transaction, the chief executive officer directly owned 1,589,813 shares of the company’s stock, valued at approximately $28,616,634. This trade represents a 0.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Fergal Stack sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $19.00, for a total value of $1,140,000.00. Following the completion of the sale, the senior vice president owned 204,977 shares of the company’s stock, valued at approximately $3,894,563. This trade represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 119,750 shares of company stock worth $2,183,691 over the last ninety days. 3.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LC. Stephens reaffirmed 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 raised LendingClub from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of LendingClub in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $23.07.

LendingClub Stock Performance

LendingClub stock opened at $19.21 on Thursday. LendingClub Corporation has a 1-year low of $10.74 and a 1-year high of $21.67. The firm’s fifty day simple moving average is $18.09 and its 200-day simple moving average is $17.13. The company has a market capitalization of $2.22 billion, a P/E ratio of 12.89 and a beta of 1.98.

LendingClub (NYSE:LC) last issued its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The firm had revenue of $252.25 million during 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%. LendingClub’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior 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. On average, equities research analysts predict that LendingClub Corporation will post 1.74 earnings per share for the current year.

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.