LendingClub (NYSE:LC) General Counsel Sells $96,030.00 in Stock

LendingClub Corporation (NYSE:LC) General Counsel Jordan Cheng sold 5,500 shares of LendingClub stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $17.46, for a total transaction of $96,030.00. Following the transaction, the general counsel directly owned 108,074 shares of the company’s stock, valued at approximately $1,886,972.04. This represents a 4.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jordan Cheng also recently made the following trade(s):

• On Thursday, May 28th, Jordan Cheng sold 5,500 shares of LendingClub stock. The stock was sold at an average price of $17.00, for a total transaction of $93,500.00.

LendingClub Trading Up 5.7%

Shares of LC stock traded up $0.98 during trading hours on Thursday, reaching $18.20. 1,970,900 shares of the stock were exchanged, compared to its average volume of 2,179,683. LendingClub Corporation has a 12-month low of $10.41 and a 12-month high of $21.67. The company’s 50-day moving average price is $16.33 and its 200-day moving average price is $17.09. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 12.21 and a beta of 1.98.

LendingClub (NYSE:LC) last released its quarterly earnings results on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The firm had revenue of $252.25 million during the quarter, compared to analysts’ expectations of $249.10 million. During the same period in the previous year, the company earned $0.10 EPS. The firm’s revenue for the quarter 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. On average, sell-side analysts expect that LendingClub Corporation will post 1.72 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LC shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of LendingClub in a report on Wednesday, May 6th. Wall Street Zen lowered shares of LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Stephens reiterated an “overweight” rating and set a $22.50 price objective (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, LendingClub currently has an average rating of “Moderate Buy” and a consensus target price of $23.07.

Institutional Investors Weigh In On LendingClub

Several large investors have recently modified their holdings of LC. Fuller & Thaler Asset Management Inc. purchased a new stake in LendingClub during the 4th quarter worth approximately $63,580,000. Azora Capital LP grew its position in LendingClub by 258.2% during the 3rd quarter. Azora Capital LP now owns 2,391,190 shares of the credit services provider’s stock worth $36,322,000 after purchasing an additional 1,723,658 shares during the last quarter. Wellington Management Group LLP grew its position in LendingClub by 18.8% during the 3rd quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock worth $120,921,000 after purchasing an additional 1,261,861 shares during the last quarter. Marshall Wace LLP grew its position in LendingClub by 1,232.2% during the 3rd quarter. Marshall Wace LLP now owns 735,821 shares of the credit services provider’s stock worth $11,177,000 after purchasing an additional 680,589 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in LendingClub by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock worth $221,547,000 after purchasing an additional 516,542 shares during the last quarter. 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.