LendingClub (NYSE:LC) Lowered to Hold Rating by Zacks Research

Zacks Research downgraded shares of LendingClub (NYSE:LC) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on LC. 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 Monday, December 29th. BTIG Research restated a “buy” rating and set a $26.00 price objective on shares of LendingClub in a research note on Thursday, January 29th. JPMorgan Chase & Co. lifted their price objective on LendingClub from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Finally, Piper Sandler reiterated an “overweight” rating and set a $23.00 target price on shares of LendingClub in a research report on Thursday, January 29th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

LendingClub Stock Performance

NYSE:LC opened at $14.25 on Monday. LendingClub has a 52 week low of $7.90 and a 52 week high of $21.67. The firm’s 50-day simple moving average is $15.92 and its 200 day simple moving average is $17.23. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 12.39 and a beta of 2.11.

LendingClub (NYSE:LC) last posted its quarterly earnings data on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. LendingClub had a net margin of 13.58% and a return on equity of 9.47%. The firm had revenue of $266.47 million during the quarter, compared to the consensus estimate of $262.88 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. Sell-side analysts anticipate that LendingClub will post 0.72 EPS for the current year.

Insider Buying and Selling at LendingClub

In other news, Director Erin Selleck sold 2,390 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $15.46, for a total transaction of $36,949.40. Following the completion of the sale, the director owned 78,767 shares of the company’s stock, valued at approximately $1,217,737.82. This represents a 2.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.31% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Creek Drive Management Group LLC bought a new stake in LendingClub during the fourth quarter worth $1,724,000. Mackenzie Financial Corp bought a new position in shares of LendingClub in the 4th quarter valued at $413,000. Regal Partners Ltd bought a new position in shares of LendingClub in the 4th quarter valued at $2,112,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of LendingClub during the 4th quarter worth $63,580,000. Finally, XTX Topco Ltd raised its holdings in shares of LendingClub by 43.9% during the 4th quarter. XTX Topco Ltd now owns 15,676 shares of the credit services provider’s stock worth $297,000 after buying an additional 4,786 shares in the last quarter. 74.08% of the stock is 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.