LendingClub Corporation $LC Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its position in shares of LendingClub Corporation (NYSE:LC) by 57.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 172,785 shares of the credit services provider’s stock after selling 232,584 shares during the quarter. GSA Capital Partners LLP’s holdings in LendingClub were worth $2,625,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LC. Headlands Technologies LLC purchased a new position in LendingClub during the second quarter worth approximately $53,000. Jones Financial Companies Lllp lifted its position in shares of LendingClub by 46.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider’s stock valued at $67,000 after buying an additional 1,290 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in LendingClub in the 3rd quarter valued at $69,000. Marex Group plc purchased a new stake in LendingClub in the 2nd quarter worth $120,000. Finally, MQS Management LLC purchased a new position in LendingClub during the second quarter valued at $121,000. 74.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LC. BTIG Research restated a “buy” rating and set a $26.00 price target on shares of LendingClub in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their price target on LendingClub from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Piper Sandler restated an “overweight” rating and issued a $23.00 price objective on shares of LendingClub in a report on Thursday, January 29th. Janney Montgomery Scott raised their price target on shares of LendingClub from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen cut shares of LendingClub from a “buy” rating to a “hold” rating in a research note on Sunday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

LendingClub Price Performance

LendingClub stock opened at $15.61 on Tuesday. The firm has a 50 day simple moving average of $18.99 and a 200-day simple moving average of $17.52. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 13.57 and a beta of 2.08. LendingClub Corporation has a 1-year low of $7.90 and a 1-year high of $21.67.

LendingClub (NYSE:LC) last issued its quarterly earnings data on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. LendingClub had a return on equity of 9.47% and a net margin of 13.58%.The company had revenue of $266.47 million during the quarter, compared to analyst estimates of $262.88 million. During the same period in the prior year, the business posted $0.08 earnings per share. The firm’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. Equities analysts expect that LendingClub Corporation will post 0.72 earnings per share for the current fiscal year.

LendingClub announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 5th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 4.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other LendingClub news, Director Erin Selleck sold 2,390 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $19.47, for a total transaction of $46,533.30. Following the completion of the transaction, the director owned 76,377 shares of the company’s stock, valued at $1,487,060.19. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.31% of the stock is owned by insiders.

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.