LendingClub Corporation (NYSE:LC) Short Interest Update

LendingClub Corporation (NYSE:LC) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 4,744,768 shares, an increase of 19.5% from the February 12th total of 3,971,615 shares. Based on an average daily volume of 1,990,568 shares, the days-to-cover ratio is presently 2.4 days. Approximately 4.3% of the shares of the company are sold short. Approximately 4.3% of the shares of the company are sold short. Based on an average daily volume of 1,990,568 shares, the days-to-cover ratio is presently 2.4 days.

Insider Buying and Selling at LendingClub

In related 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 sale, the director directly owned 78,767 shares of the company’s stock, valued at approximately $1,217,737.82. This represents a 2.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.31% of the company’s stock.

Hedge Funds Weigh In On LendingClub

A number of hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. bought a new stake in shares of LendingClub during the 4th quarter valued at $63,580,000. Azora Capital LP increased its position 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 during the period. Assenagon Asset Management S.A. raised its stake in LendingClub by 184.1% in the third quarter. Assenagon Asset Management S.A. now owns 2,121,802 shares of the credit services provider’s stock valued at $32,230,000 after purchasing an additional 1,375,002 shares in the last quarter. Wellington Management Group LLP raised its stake in 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 valued at $120,921,000 after purchasing an additional 1,261,861 shares in the last quarter. Finally, Senvest Management LLC lifted its position in LendingClub by 23.5% during the second quarter. Senvest Management LLC now owns 5,881,290 shares of the credit services provider’s stock worth $70,752,000 after purchasing an additional 1,117,241 shares during the period. Institutional investors own 74.08% of the company’s stock.

LendingClub Stock Up 1.7%

Shares of LendingClub stock traded up $0.23 during trading on Tuesday, reaching $14.10. The company’s stock had a trading volume of 1,896,090 shares, compared to its average volume of 1,854,357. The business’s 50-day moving average price is $17.14 and its 200-day moving average price is $17.41. LendingClub has a 52 week low of $7.90 and a 52 week high of $21.67. The firm has a market cap of $1.62 billion, a PE ratio of 12.26 and a beta of 2.11.

LendingClub (NYSE:LC) last issued its quarterly earnings data on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. LendingClub had a net margin of 13.58% and a return on equity of 9.47%. The business had revenue of $266.47 million during the quarter, compared to analysts’ expectations of $262.88 million. During the same quarter in the previous year, the company earned $0.08 EPS. The business’s revenue was up 22.7% on a year-over-year basis. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. Equities analysts predict that LendingClub will post 0.72 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on LC. Wall Street Zen cut shares of LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. BTIG Research reiterated a “buy” rating and issued a $26.00 price objective on shares of LendingClub in a research note on Thursday, January 29th. JPMorgan Chase & Co. boosted their price objective on LendingClub from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LendingClub in a report on Monday, December 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $23.00 price target on shares of LendingClub in a research report on Thursday, January 29th. 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

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.