Fergal Stack Sells 40,000 Shares of Lendingclub (NASDAQ:HAPN) Stock

Lendingclub Corp (NASDAQ:HAPN) SVP Fergal Stack sold 40,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $18.86, for a total transaction of $754,400.00. Following the completion of the transaction, the senior vice president directly owned 114,977 shares of the company’s stock, valued at $2,168,466.22. This trade represents a 25.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fergal Stack also recently made the following trade(s):

• On Wednesday, August 19th, Fergal Stack sold 37,500 shares of Lendingclub stock. The shares were sold at an average price of $18.64, for a total transaction of $699,000.00.
• On Wednesday, July 1st, Fergal Stack sold 50,000 shares of Lendingclub stock. The stock was sold at an average price of $21.01, for a total transaction of $1,050,500.00.

Lendingclub Stock Up 2.5%

HAPN stock opened at $18.42 on Friday. The company has a market cap of $2.13 billion, a P/E ratio of 11.10 and a beta of 1.91. Lendingclub Corp has a 1 year low of $13.05 and a 1 year high of $21.67.

Lendingclub (NASDAQ:HAPN) last issued its earnings results on Monday, July 27th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $262.86 million for the quarter. Lendingclub had a net margin of 18.67% and a return on equity of 12.92%. Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. As a group, research analysts expect that Lendingclub Corp will post 1.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HAPN shares. Citizens Jmp boosted their price objective on Lendingclub from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 28th. Weiss Ratings began coverage on Lendingclub in a research report on Thursday, June 25th. They issued a “hold (c+)” rating for the company. Finally, BTIG Research reissued a “buy” rating and set a $25.00 price target on shares of Lendingclub in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.00.

Lendingclub Company Profile

I couldn’t find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.