LendingClub Corporation (NYSE:LC) Receives $23.07 Consensus Target Price from Analysts

LendingClub Corporation (NYSE:LC) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $23.0714.

A number of equities research analysts recently weighed in on LC shares. Piper Sandler reaffirmed an “overweight” rating and set a $23.00 price target on shares of LendingClub in a report on Thursday, January 29th. Stephens reaffirmed an “overweight” rating and set a $22.50 price target (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. BTIG Research reaffirmed a “buy” rating and set a $26.00 price target on shares of LendingClub in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LendingClub in a report on Wednesday, May 6th. Finally, Zacks Research raised LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th.

LendingClub Trading Up 3.6%

Shares of LC opened at $16.74 on Thursday. LendingClub has a 1 year low of $9.78 and a 1 year high of $21.67. The stock has a 50 day simple moving average of $15.67 and a 200-day simple moving average of $17.08. The stock has a market cap of $1.93 billion, a PE ratio of 11.23 and a beta of 2.00.

LendingClub (NYSE:LC) last issued its earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.The business had revenue of $252.25 million during the quarter, compared to analysts’ expectations of $249.10 million. During the same period in the prior year, the firm posted $0.10 EPS. LendingClub’s quarterly revenue was up 15.9% compared to the same quarter last year. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. On average, sell-side analysts forecast that LendingClub will post 1.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other LendingClub news, Director Erin Selleck sold 2,390 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $15.46, for a total value of $36,949.40. Following the transaction, the director directly owned 78,767 shares in the company, valued at approximately $1,217,737.82. This trade represents a 2.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in LendingClub by 14.8% in the 1st quarter. Bank of America Corp DE now owns 1,309,624 shares of the credit services provider’s stock valued at $18,754,000 after buying an additional 169,220 shares during the last quarter. Edgestream Partners L.P. boosted its position in LendingClub by 64.8% in the 1st quarter. Edgestream Partners L.P. now owns 157,040 shares of the credit services provider’s stock valued at $2,249,000 after buying an additional 61,770 shares during the last quarter. California State Teachers Retirement System boosted its position in LendingClub by 28.0% in the 1st quarter. California State Teachers Retirement System now owns 137,043 shares of the credit services provider’s stock valued at $1,962,000 after buying an additional 29,987 shares during the last quarter. Quantinno Capital Management LP boosted its position in LendingClub by 207.1% in the 1st quarter. Quantinno Capital Management LP now owns 118,141 shares of the credit services provider’s stock valued at $1,692,000 after buying an additional 79,671 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in LendingClub in the 1st quarter valued at $179,000. 74.08% of the stock is currently owned by institutional investors.

LendingClub Company Profile

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.