LendingClub Corporation (NYSE:LC) Short Interest Update

LendingClub Corporation (NYSE:LC) saw a large drop in short interest in April. As of April 15th, there was short interest totaling 5,428,951 shares, a drop of 17.7% from the March 31st total of 6,593,818 shares. Based on an average trading volume of 1,730,923 shares, the days-to-cover ratio is currently 3.1 days. Approximately 4.9% of the shares of the stock are short sold.

Insider Buying and Selling at LendingClub

In related news, Director Erin Selleck sold 2,390 shares of LendingClub stock in a transaction that occurred 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 sale, the director directly owned 78,767 shares in the company, valued at $1,217,737.82. This trade represents a 2.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.19% of the stock is currently owned by company insiders.

Institutional Trading of LendingClub

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. purchased a new position in shares of LendingClub in the fourth quarter worth about $63,580,000. Azora Capital LP increased its stake in shares of LendingClub by 258.2% in the third 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 in the last quarter. Wellington Management Group LLP increased its stake in shares of LendingClub by 18.8% in the third 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 in the last quarter. Marshall Wace LLP increased its stake in shares of LendingClub by 1,232.2% in the third 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 in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of LendingClub by 4.6% in the fourth 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 in the last quarter. 74.08% of the stock is owned by hedge funds and other institutional investors.

LendingClub Stock Performance

Shares of LendingClub stock traded down $0.02 on Friday, hitting $17.05. The company had a trading volume of 2,429,783 shares, compared to its average volume of 2,828,840. The stock has a 50 day moving average of $15.29 and a 200-day moving average of $17.20. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 11.44 and a beta of 1.95. LendingClub has a 1 year low of $9.70 and a 1 year high of $21.67.

LendingClub (NYSE:LC) last announced its earnings results on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. The company had revenue of $252.25 million during the quarter, compared to the consensus estimate of $249.10 million. LendingClub had a net margin of 16.99% and a return on equity of 12.06%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter 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. Equities analysts anticipate that LendingClub will post 1.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on LC. Zacks Research raised LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday. BTIG Research restated a “buy” rating and issued a $26.00 price target on shares of LendingClub in a research report on Thursday, January 29th. Piper Sandler restated an “overweight” rating and issued a $23.00 price target on shares of LendingClub in a research report on Thursday, January 29th. Stephens restated an “overweight” rating and issued a $22.50 price target (up from $21.00) on shares of LendingClub in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.07.

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.