LendingClub Corporation (NYSE:LC) Short Interest Update

LendingClub Corporation (NYSE:LC) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 4,161,597 shares, a growth of 22.7% from the December 31st total of 3,392,540 shares. Approximately 3.7% of the company’s stock are short sold. Based on an average daily volume of 1,808,777 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily volume of 1,808,777 shares, the days-to-cover ratio is currently 2.3 days. Approximately 3.7% of the company’s stock are short sold.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citizens Jmp raised shares of LendingClub from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a research report on Monday, November 10th. JPMorgan Chase & Co. raised their target price on LendingClub from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Zacks Research cut LendingClub from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings reissued a “hold (c)” rating on shares of LendingClub in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of LendingClub from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

LendingClub Price Performance

Shares of LendingClub stock traded down $0.76 during trading hours on Tuesday, hitting $16.10. 2,906,883 shares of the company’s stock traded hands, compared to its average volume of 2,542,585. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 14.00 and a beta of 2.08. LendingClub has a 12-month low of $7.90 and a 12-month high of $21.67. The company has a fifty day simple moving average of $19.39 and a 200-day simple moving average of $17.35.

LendingClub (NYSE:LC) last announced its quarterly earnings data on Wednesday, January 28th. The credit services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $266.47 million for the quarter, compared to analyst estimates of $262.88 million. LendingClub had a net margin of 13.58% and a return on equity of 9.62%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. On average, analysts forecast that LendingClub will post 0.72 EPS for the current fiscal year.

LendingClub announced that its board has initiated a share buyback program on Wednesday, November 5th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the credit services provider to purchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other LendingClub news, Director Erin Selleck sold 2,390 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $19.47, for a total value of $46,533.30. Following the transaction, the director directly owned 76,377 shares of the company’s stock, valued at approximately $1,487,060.19. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.31% of the company’s stock.

Institutional Trading of LendingClub

A number of institutional investors have recently modified their holdings of the business. Asset Management One Co. Ltd. lifted its holdings in LendingClub by 7.4% during the 2nd quarter. Asset Management One Co. Ltd. now owns 10,232 shares of the credit services provider’s stock worth $123,000 after purchasing an additional 706 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of LendingClub by 3.5% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,482 shares of the credit services provider’s stock valued at $357,000 after acquiring an additional 793 shares during the period. Osaic Holdings Inc. boosted its position in shares of LendingClub by 8.8% in the second quarter. Osaic Holdings Inc. now owns 13,354 shares of the credit services provider’s stock valued at $160,000 after acquiring an additional 1,084 shares during the period. Jones Financial Companies Lllp grew its stake in LendingClub by 46.7% during the third quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider’s stock valued at $67,000 after acquiring an additional 1,290 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its holdings in LendingClub by 5.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 25,840 shares of the credit services provider’s stock worth $311,000 after acquiring an additional 1,300 shares during the period. 74.08% of the stock is currently owned by hedge funds and other institutional investors.

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.