Lendingclub (NASDAQ:HAPN) Stock Gets Price Target Reduction from Piper Sandler

Lendingclub (NASDAQ:HAPN) had its price target cut by Piper Sandler from $25.00 to $20.00 in a report released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also recently issued reports on HAPN. BTIG Research reaffirmed a “buy” rating and set a $25.00 target price on shares of Lendingclub in a research note on Tuesday, July 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lendingclub in a research report on Tuesday, September 22nd. Finally, Citizens Jmp raised their price target on shares of Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.33.

Lendingclub Stock Performance

NASDAQ HAPN opened at $15.53 on Thursday. The firm has a 50 day moving average price of $15.90. The stock has a market capitalization of $1.79 billion, a P/E ratio of 8.68 and a beta of 1.88. Lendingclub has a 1-year low of $13.05 and a 1-year high of $21.67.

Lendingclub (NASDAQ:HAPN) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. Lendingclub had a return on equity of 13.76% and a net margin of 20.16%. The firm had revenue of $279.09 million during the quarter. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. Research analysts forecast that Lendingclub will post 1.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lendingclub news, General Counsel Jordan Cheng sold 2,800 shares of the company’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $16.00, for a total value of $44,800.00. Following the completion of the sale, the general counsel directly owned 103,613 shares in the company, valued at $1,657,808. This represents a 2.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott Sanborn sold 28,750 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $18.25, for a total value of $524,687.50. Following the completion of the sale, the chief executive officer owned 1,462,774 shares of the company’s stock, valued at approximately $26,695,625.50. The trade was a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 140,600 shares of company stock valued at $2,663,156. Insiders own 3.31% of the company’s stock.

Key Lendingclub News

Here are the key news stories impacting Lendingclub this week:

• Positive Sentiment: Lendingclub raised its fiscal 2026 EPS guidance to $1.87-$1.92, above the $1.85 analyst consensus. The stronger outlook may support the stock by signaling confidence in future profitability.
• Positive Sentiment: Wall Street’s average price target implies approximately 40.3% upside from recent trading levels. The article also notes that positive earnings-estimate revisions could provide additional support, although price-target accuracy is uncertain. Wall Street Analysts See a 40.27% Upside in Happen (HAPN)
• Positive Sentiment: Piper Sandler maintained an “overweight” rating and set a $20 price target, which still represents substantial upside from recent levels, despite lowering its previous $25 target. Piper Sandler stock recommendations
• Neutral Sentiment: Fourth-quarter 2026 EPS guidance of $0.43-$0.48 brackets the $0.46 consensus estimate. This indicates results could be close to expectations, but does not provide a clear near-term earnings catalyst.
• Neutral Sentiment: Lendingclub’s latest quarterly results exceeded expectations, with EPS of $0.50 versus the $0.47 consensus. However, revenue declined 1.1% year over year to $279.09 million, limiting the strength of the earnings signal. HAPN Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
• Negative Sentiment: General Counsel Jordan Cheng sold 2,800 shares for $44,800 under a pre-arranged Rule 10b5-1 plan. Because the sale was planned and represents only a 2.63% reduction in his holdings, it is a limited negative signal, but it may still weigh modestly on sentiment. SEC Form 4 insider transaction

Lendingclub Company Profile

LendingClub Corporation is a U.S.-based financial technology company that operates a digital banking and lending platform. The company connects consumers seeking credit with funding sources and provides personal loans, debt-consolidation loans, auto-refinancing loans and other consumer credit products through its online platform.

Following its acquisition of Radius Bancorp in 2020, LendingClub also operates as a bank holding company through LendingClub Bank, National Association. Its banking operations support consumer and commercial lending, as well as deposit products designed to provide funding for loans and other banking activities.

Founded in 2006, LendingClub primarily serves customers in the United States.