Lendingclub (NASDAQ:HAPN) General Counsel Jordan Cheng Sells 2,800 Shares

Lendingclub Corp (NASDAQ:HAPN) General Counsel Jordan Cheng sold 2,800 shares of Lendingclub stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $17.56, for a total transaction of $49,168.00. Following the transaction, the general counsel directly owned 106,413 shares of the company’s stock, valued at approximately $1,868,612.28. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Wednesday, July 1st, Jordan Cheng sold 5,500 shares of Lendingclub stock. The stock was sold at an average price of $20.85, for a total transaction of $114,675.00.

Lendingclub Stock Up 1.0%

Shares of HAPN stock opened at $17.75 on Friday. Lendingclub Corp has a 52 week low of $13.05 and a 52 week high of $21.67. The company has a market cap of $2.05 billion, a P/E ratio of 10.69 and a beta of 1.86. The business’s 50-day moving average is $19.10.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HAPN shares. Citizens Jmp lifted their target price on Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 28th. Weiss Ratings began coverage on shares of Lendingclub in a research report on Thursday, June 25th. They set a “hold (c+)” rating on the stock. Finally, BTIG Research reiterated a “buy” rating and issued a $25.00 price objective on shares of Lendingclub in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.00.

About Lendingclub

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