Fergal Stack Sells 37,500 Shares of Lendingclub (NASDAQ:HAPN) Stock

Lendingclub Corp (NASDAQ:HAPN) SVP Fergal Stack sold 37,500 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $18.64, for a total transaction of $699,000.00. Following the transaction, the senior vice president directly owned 77,477 shares in the company, valued at approximately $1,444,171.28. This trade represents a 32.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fergal Stack also recently made the following trade(s):

• On Tuesday, August 18th, Fergal Stack sold 40,000 shares of Lendingclub stock. The shares were sold at an average price of $18.86, for a total transaction of $754,400.00.
• On Wednesday, July 1st, Fergal Stack sold 50,000 shares of Lendingclub stock. The shares were sold at an average price of $21.01, for a total transaction of $1,050,500.00.

Lendingclub Trading Up 2.5%

HAPN stock opened at $18.42 on Friday. Lendingclub Corp has a 52 week low of $13.05 and a 52 week high of $21.67. The stock has a market cap of $2.13 billion, a P/E ratio of 11.10 and a beta of 1.91.

Lendingclub (NASDAQ:HAPN) last issued its earnings results on Monday, July 27th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. Lendingclub had a net margin of 18.67% and a return on equity of 12.92%. The company had revenue of $262.86 million during the quarter. Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. On average, equities analysts predict that Lendingclub Corp will post 1.87 earnings per share for the current year.

Analyst Ratings Changes

HAPN has been the subject of several research analyst reports. Weiss Ratings began coverage on Lendingclub in a research note on Thursday, June 25th. They issued a “hold (c+)” rating for the company. Citizens Jmp boosted their target price on Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 28th. Finally, BTIG Research reiterated a “buy” rating and set a $25.00 target price on shares of Lendingclub in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Lendingclub Company Profile

I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.