LendingClub (NYSE:LC) SVP Fergal Stack Sells 60,000 Shares of Stock

LendingClub Corporation (NYSE:LC) SVP Fergal Stack sold 60,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $19.00, for a total transaction of $1,140,000.00. Following the transaction, the senior vice president directly owned 204,977 shares of the company’s stock, valued at $3,894,563. The trade was a 22.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

LendingClub Price Performance

Shares of LC stock opened at $19.21 on Friday. The stock has a market capitalization of $2.22 billion, a PE ratio of 12.89 and a beta of 1.98. The business’s 50 day simple moving average is $16.83 and its 200 day simple moving average is $17.15. LendingClub Corporation has a one year low of $10.74 and a one year high of $21.67.

LendingClub (NYSE:LC) last posted its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.06. The firm had revenue of $252.25 million during the quarter, compared to analyst estimates of $249.10 million. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.During the same period last year, the company posted $0.10 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. As a group, research analysts expect that LendingClub Corporation will post 1.74 earnings per share for the current year.

Institutional Trading of LendingClub

Several institutional investors and hedge funds have recently made changes to their positions in LC. Vanguard Group Inc. boosted its holdings in LendingClub by 4.6% during 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 during the last quarter. Wellington Management Group LLP increased its stake in LendingClub by 18.8% in the 3rd quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock valued at $120,921,000 after buying an additional 1,261,861 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in LendingClub by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,760,141 shares of the credit services provider’s stock valued at $82,482,000 after buying an additional 139,746 shares during the last quarter. Senvest Management LLC lifted its position in shares of LendingClub by 5.2% during the 1st quarter. Senvest Management LLC now owns 4,546,812 shares of the credit services provider’s stock worth $65,110,000 after buying an additional 226,754 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of LendingClub during the 4th quarter worth approximately $63,580,000. Hedge funds and other institutional investors own 74.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Stephens reiterated an “overweight” rating and set a $22.50 price objective (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.