Seaport Res Ptn Raises Earnings Estimates for LendingClub

LendingClub Co. (NYSE:LC) – Stock analysts at Seaport Res Ptn increased their FY2025 earnings estimates for LendingClub in a research note issued on Friday, December 6th. Seaport Res Ptn analyst W. Ryan now forecasts that the credit services provider will earn $0.85 per share for the year, up from their previous estimate of $0.75. The consensus estimate for LendingClub’s current full-year earnings is $0.47 per share. Seaport Res Ptn also issued estimates for LendingClub’s FY2026 earnings at $1.15 EPS.

LendingClub (NYSE:LC) last released its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.07 by $0.06. The business had revenue of $201.90 million for the quarter, compared to the consensus estimate of $190.40 million. LendingClub had a net margin of 6.85% and a return on equity of 4.02%. LendingClub’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 earnings per share.

A number of other research analysts have also recently commented on LC. StockNews.com cut shares of LendingClub from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods raised their price target on shares of LendingClub from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Piper Sandler reaffirmed an “overweight” rating and set a $15.00 price objective (up previously from $13.00) on shares of LendingClub in a research report on Thursday, October 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $17.00 price objective (up previously from $14.00) on shares of LendingClub in a research report on Monday, December 2nd. Finally, Wedbush raised their price objective on shares of LendingClub from $14.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

LendingClub Trading Down 1.4 %

LC stock opened at $15.41 on Monday. The stock has a market capitalization of $1.73 billion, a P/E ratio of 33.50 and a beta of 2.02. LendingClub has a 12 month low of $6.56 and a 12 month high of $17.15. The firm has a 50-day moving average price of $14.30 and a 200-day moving average price of $11.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC lifted its position in LendingClub by 5.3% in the second quarter. International Assets Investment Management LLC now owns 19,900 shares of the credit services provider’s stock valued at $168,000 after purchasing an additional 1,000 shares during the last quarter. FMR LLC lifted its position in LendingClub by 32.1% in the third quarter. FMR LLC now owns 5,865 shares of the credit services provider’s stock valued at $67,000 after purchasing an additional 1,424 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in LendingClub by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 302,844 shares of the credit services provider’s stock valued at $2,562,000 after purchasing an additional 1,445 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of LendingClub by 16.3% during the second quarter. SG Americas Securities LLC now owns 12,344 shares of the credit services provider’s stock valued at $104,000 after acquiring an additional 1,732 shares in the last quarter. Finally, AlphaMark Advisors LLC bought a new position in shares of LendingClub during the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 74.08% of the company’s stock.

Insider Buying and Selling at LendingClub

In related news, CEO Scott Sanborn sold 17,000 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $11.09, for a total value of $188,530.00. Following the sale, the chief executive officer now directly owns 1,356,273 shares in the company, valued at approximately $15,041,067.57. The trade was a 1.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Morris sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $14.36, for a total value of $35,900.00. Following the completion of the sale, the director now owns 203,348 shares in the company, valued at $2,920,077.28. This represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,500 shares of company stock worth $1,073,100. Corporate insiders own 3.31% of the company’s stock.

About LendingClub

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.