Scott Sanborn Sells 23,851 Shares of LendingClub (NYSE:LC) Stock

LendingClub Corporation (NYSE:LC) CEO Scott Sanborn sold 23,851 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $17.86, for a total transaction of $425,978.86. Following the sale, the chief executive officer directly owned 1,594,712 shares of the company’s stock, valued at $28,481,556.32. This represents a 1.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

LendingClub Trading Up 7.3%

NYSE:LC traded up $1.20 on Thursday, reaching $17.59. 1,648,271 shares of the stock traded hands, compared to its average volume of 2,181,986. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 11.81 and a beta of 1.98. The company’s 50 day moving average is $16.01 and its 200-day moving average is $17.05. LendingClub Corporation has a 1-year low of $10.11 and a 1-year high of $21.67.

LendingClub (NYSE:LC) last released its earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The business had revenue of $252.25 million during the quarter, compared to the consensus estimate of $249.10 million. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. 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, equities research analysts forecast that LendingClub Corporation will post 1.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on LC shares. Wall Street Zen downgraded shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Finally, Stephens reaffirmed an “overweight” rating and set a $22.50 price objective (up from $21.00) on shares of LendingClub in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.07.

Institutional Trading of LendingClub

Large investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of LendingClub during the 3rd quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new stake in shares of LendingClub during the 4th quarter worth approximately $40,000. Kestra Advisory Services LLC acquired a new stake in shares of LendingClub during the 4th quarter worth approximately $44,000. Quarry LP grew its position in shares of LendingClub by 343.0% during the 3rd quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock worth $46,000 after buying an additional 2,346 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of LendingClub during the 2nd quarter worth approximately $53,000. Institutional investors and hedge funds own 74.08% of the company’s stock.

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.