Short Interest in LendingClub Corporation (NYSE:LC) Drops By 16.4%

LendingClub Corporation (NYSE:LC) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 3,971,615 shares, a decrease of 16.4% from the January 29th total of 4,749,249 shares. Currently, 3.6% of the company’s shares are sold short. Based on an average daily trading volume, of 2,442,340 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily trading volume, of 2,442,340 shares, the days-to-cover ratio is currently 1.6 days. Currently, 3.6% of the company’s shares are sold short.

Analysts Set New Price Targets

LC has been the topic of a number of recent analyst reports. Janney Montgomery Scott upped their target price on shares of LendingClub from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Piper Sandler reissued an “overweight” rating and issued a $23.00 price target on shares of LendingClub in a research note 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. JPMorgan Chase & Co. increased their price objective on shares of LendingClub from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Finally, BTIG Research reissued a “buy” rating and issued a $26.00 target price 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

LendingClub Trading Up 4.8%

LC traded up $0.71 during trading hours on Wednesday, hitting $15.57. 1,929,350 shares of the company’s stock were exchanged, compared to its average volume of 2,359,499. LendingClub has a 12-month low of $7.90 and a 12-month high of $21.67. The firm has a 50 day moving average of $18.14 and a 200 day moving average of $17.53. The firm has a market cap of $1.79 billion, a P/E ratio of 13.54 and a beta of 2.11.

LendingClub (NYSE:LC) last issued its quarterly earnings results on Wednesday, January 28th. The credit services provider reported $0.35 EPS for the quarter, beating 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 company had revenue of $266.47 million during the quarter, compared to analysts’ expectations of $262.88 million. During the same quarter last year, the company posted $0.08 EPS. The firm’s revenue was up 22.7% compared to the same quarter last year. 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, research analysts expect that LendingClub will post 0.72 EPS for the current fiscal year.

LendingClub declared that its Board of Directors has approved a share buyback program on Wednesday, November 5th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the credit services provider to purchase up to 4.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, Director Erin Selleck sold 2,390 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $19.47, for a total transaction of $46,533.30. Following the transaction, the director owned 76,377 shares of the company’s stock, valued at approximately $1,487,060.19. The trade was a 3.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of LendingClub in the 4th quarter valued at approximately $63,580,000. Azora Capital LP grew its stake in shares of LendingClub by 258.2% during 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 in the last quarter. Assenagon Asset Management S.A. increased its holdings 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 buying an additional 1,375,002 shares during the last quarter. Wellington Management Group LLP increased its holdings 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 buying an additional 1,261,861 shares during the last quarter. Finally, Senvest Management LLC raised its stake in LendingClub by 23.5% in the second quarter. Senvest Management LLC now owns 5,881,290 shares of the credit services provider’s stock valued at $70,752,000 after buying an additional 1,117,241 shares in the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.

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.