FY2025 EPS Estimates for LendingClub Cut by Seaport Res Ptn

LendingClub Co. (NYSE:LC) – Analysts at Seaport Res Ptn decreased their FY2025 earnings estimates for LendingClub in a research note issued to investors on Tuesday, February 18th. Seaport Res Ptn analyst W. Ryan now forecasts that the credit services provider will earn $0.75 per share for the year, down from their previous estimate of $0.85. The consensus estimate for LendingClub’s current full-year earnings is $0.74 per share.

Several other equities research analysts also recently issued reports on LC. Compass Point increased their price objective on shares of LendingClub from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Piper Sandler restated an “overweight” rating and set a $19.00 target price (down previously from $20.00) on shares of LendingClub in a report on Wednesday, January 29th. Maxim Group increased their target price on shares of LendingClub from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $16.00 target price (down previously from $17.00) on shares of LendingClub in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $17.00 target price (up previously from $14.00) on shares of LendingClub in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, LendingClub presently has a consensus rating of “Moderate Buy” and an average target price of $16.38.

LendingClub Stock Down 0.7 %

Shares of LC stock opened at $14.26 on Thursday. The firm has a fifty day moving average of $15.62 and a 200-day moving average of $13.83. LendingClub has a 12-month low of $7.48 and a 12-month high of $18.75. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 31.70 and a beta of 2.00.

Insider Activity

In other LendingClub news, Director Michael P. Zeisser purchased 20,000 shares of LendingClub stock in a transaction on Monday, February 3rd. The shares were acquired at an average cost of $12.88 per share, for a total transaction of $257,600.00. Following the completion of the transaction, the director now directly owns 148,018 shares of the company’s stock, valued at approximately $1,906,471.84. The trade was a 15.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Scott Sanborn sold 17,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $16.12, for a total transaction of $274,040.00. Following the transaction, the chief executive officer now owns 1,312,184 shares in the company, valued at $21,152,406.08. The trade was a 1.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,000 shares of company stock worth $777,240 over the last ninety days. Company insiders own 3.31% of the company’s stock.

Institutional Trading of LendingClub

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LC. Wellington Management Group LLP increased its holdings in shares of LendingClub by 21.6% during the third quarter. Wellington Management Group LLP now owns 838,535 shares of the credit services provider’s stock valued at $9,584,000 after acquiring an additional 148,685 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of LendingClub by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 998,148 shares of the credit services provider’s stock valued at $11,409,000 after acquiring an additional 45,307 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of LendingClub during the third quarter valued at $237,000. GSA Capital Partners LLP increased its holdings in shares of LendingClub by 47.3% during the third quarter. GSA Capital Partners LLP now owns 214,192 shares of the credit services provider’s stock valued at $2,448,000 after acquiring an additional 68,791 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in shares of LendingClub by 153.2% during the third quarter. Quantbot Technologies LP now owns 158,763 shares of the credit services provider’s stock valued at $1,815,000 after acquiring an additional 96,053 shares in the last quarter. Hedge funds and other institutional investors own 74.08% of the company’s stock.

LendingClub Company Profile

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.