Brokerages Set LendingClub Corporation (NYSE:LC) Price Target at $22.00

Shares of LendingClub Corporation (NYSE:LC) have received a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $23.0714.

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Stephens reiterated an “overweight” rating and issued a $22.50 price target (up from $21.00) on shares of LendingClub in a research report on Tuesday. BTIG Research reiterated a “buy” rating and issued a $26.00 price target on shares of LendingClub in a research report on Thursday, January 29th. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $23.00 price target on shares of LendingClub in a research report on Thursday, January 29th.

Insider Buying and Selling

In other LendingClub news, Director Erin Selleck sold 2,390 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $15.46, for a total transaction of $36,949.40. Following the completion of the transaction, the director owned 78,767 shares in the company, valued at approximately $1,217,737.82. This represents a 2.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.19% of the company’s stock.

Hedge Funds Weigh In On LendingClub

A number of large investors have recently bought and sold shares of LC. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of LendingClub by 3.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,482 shares of the credit services provider’s stock worth $357,000 after purchasing an additional 793 shares during the period. Osaic Holdings Inc. grew its stake in shares of LendingClub by 8.8% during the 2nd 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 grew its stake in shares of LendingClub by 46.7% during the 3rd 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 grew its stake in shares of LendingClub by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 20,704 shares of the credit services provider’s stock worth $392,000 after purchasing an additional 1,335 shares during the period. Finally, SBI Securities Co. Ltd. grew its stake in shares of LendingClub by 13.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 13,533 shares of the credit services provider’s stock worth $256,000 after purchasing an additional 1,645 shares during the period. Hedge funds and other institutional investors own 74.08% of the company’s stock.

LendingClub Trading Up 3.4%

Shares of NYSE:LC opened at $17.11 on Friday. The company has a market capitalization of $1.98 billion, a PE ratio of 11.48 and a beta of 1.95. LendingClub has a twelve month low of $9.54 and a twelve month high of $21.67. The firm has a 50 day simple moving average of $15.29 and a 200-day simple moving average of $17.20.

LendingClub (NYSE:LC) last issued its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.06. LendingClub had a net margin of 16.99% and a return on equity of 12.06%. The business had revenue of $252.25 million during the quarter, compared to the consensus estimate of $249.10 million. During the same quarter in the previous year, the firm earned $0.10 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. 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, equities research analysts predict that LendingClub will post 1.72 EPS for the current fiscal 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.