LendingClub Corporation (NYSE:LC) Short Interest Down 16.4% in February

LendingClub Corporation (NYSE:LC) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 3,971,615 shares, a drop of 16.4% from the January 29th total of 4,749,249 shares. Based on an average daily volume of 2,442,340 shares, the days-to-cover ratio is presently 1.6 days. Currently, 3.6% of the company’s stock are short sold. Currently, 3.6% of the company’s stock are short sold. Based on an average daily volume of 2,442,340 shares, the days-to-cover ratio is presently 1.6 days.

LendingClub Stock Performance

Shares of LC stock opened at $15.02 on Tuesday. The company has a market capitalization of $1.73 billion, a PE ratio of 13.06 and a beta of 2.11. LendingClub has a 52-week low of $7.90 and a 52-week high of $21.67. The business’s fifty day moving average is $18.23 and its 200 day moving average is $17.53.

LendingClub (NYSE:LC) last announced its earnings results on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. LendingClub had a net margin of 13.58% and a return on equity of 9.47%. The business had revenue of $266.47 million during the quarter, compared to analyst estimates of $262.88 million. During the same period in the previous year, the business posted $0.08 earnings per share. LendingClub’s revenue for the quarter was up 22.7% on a year-over-year basis. 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, sell-side analysts forecast that LendingClub will post 0.72 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several analysts have commented on LC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LendingClub in a research report on Monday, December 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. Wall Street Zen downgraded LendingClub from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. JPMorgan Chase & Co. increased 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, Zacks Research raised LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.00.

Insider Transactions at LendingClub

In other news, Director Erin Selleck sold 2,390 shares of LendingClub 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 directly owned 76,377 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.31% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in LendingClub in the fourth quarter worth about $63,580,000. Azora Capital LP raised its position in shares of LendingClub by 258.2% in the 3rd quarter. Azora Capital LP now owns 2,391,190 shares of the credit services provider’s stock worth $36,322,000 after acquiring an additional 1,723,658 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of LendingClub by 184.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,121,802 shares of the credit services provider’s stock worth $32,230,000 after acquiring an additional 1,375,002 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of LendingClub by 18.8% in the 3rd quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock valued at $120,921,000 after purchasing an additional 1,261,861 shares during the period. Finally, Senvest Management LLC lifted its stake in shares of LendingClub by 23.5% in the 2nd quarter. Senvest Management LLC now owns 5,881,290 shares of the credit services provider’s stock valued at $70,752,000 after purchasing an additional 1,117,241 shares during the period. Hedge funds and other institutional investors own 74.08% of the company’s stock.

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.