LendingClub (NYSE:LC) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of LendingClub Corporation (NYSE:LC) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $15.16 and traded as high as $15.61. LendingClub shares last traded at $15.0260, with a volume of 2,252,551 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on LC. Zacks Research lowered shares of LendingClub from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. BTIG Research restated a “buy” rating and set a $26.00 price target on shares of LendingClub in a report on Thursday, January 29th. Wall Street Zen lowered shares of LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Piper Sandler reaffirmed an “overweight” rating and set a $23.00 price objective on shares of LendingClub in a research report on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LendingClub in a research report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.00.

LendingClub Stock Up 3.6%

The stock’s 50-day moving average is $15.16 and its 200 day moving average is $17.11. The stock has a market capitalization of $1.73 billion, a PE ratio of 13.07 and a beta of 1.95.

LendingClub (NYSE:LC) last announced its quarterly earnings data on Wednesday, January 28th. The credit services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. LendingClub had a net margin of 13.58% and a return on equity of 9.47%. The firm had revenue of $266.47 million for the quarter, compared to the consensus estimate of $262.88 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The firm’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. As a group, equities research analysts forecast that LendingClub Corporation will post 0.72 EPS for the current year.

Insider Buying and Selling

In other LendingClub news, Director Erin Selleck sold 2,390 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $15.46, for a total value of $36,949.40. Following the completion of the sale, the director directly owned 78,767 shares of the company’s stock, valued at $1,217,737.82. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.19% of the stock is owned by corporate insiders.

Institutional Trading of LendingClub

Several large investors have recently added to or reduced their stakes in LC. Fuller & Thaler Asset Management Inc. bought a new stake in LendingClub in the fourth quarter worth approximately $63,580,000. Azora Capital LP grew its position in 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 acquiring an additional 1,723,658 shares in the last quarter. Assenagon Asset Management S.A. grew its position 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 worth $32,230,000 after acquiring an additional 1,375,002 shares in the last quarter. Wellington Management Group LLP grew its position 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 worth $120,921,000 after acquiring an additional 1,261,861 shares in the last quarter. Finally, Marshall Wace LLP grew its position in 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 acquiring an additional 680,589 shares in the last quarter. 74.08% of the stock is owned by institutional investors.

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.