Erin Selleck Sells 2,390 Shares of LendingClub (NYSE:LC) Stock

LendingClub Corporation (NYSE:LC) Director Erin Selleck sold 2,390 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $15.46, for a total transaction of $36,949.40. Following the transaction, the director directly owned 78,767 shares in the company, valued at $1,217,737.82. This trade represents a 2.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

LendingClub Price Performance

Shares of LC opened at $14.58 on Wednesday. LendingClub Corporation has a one year low of $7.90 and a one year high of $21.67. The company has a market cap of $1.68 billion, a PE ratio of 12.67 and a beta of 2.11. The stock has a 50-day moving average of $17.68 and a 200-day moving average of $17.50.

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

Analyst Upgrades and Downgrades

LC has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of LendingClub from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Zacks Research raised shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. BTIG Research restated a “buy” rating and issued a $26.00 target price on shares of LendingClub in a report on Thursday, January 29th. Wall Street Zen cut shares of LendingClub from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Piper Sandler reissued an “overweight” rating and set a $23.00 price objective on shares of LendingClub in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, LendingClub currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Institutional Trading of LendingClub

Several institutional investors and hedge funds have recently made changes to their positions in LC. Fuller & Thaler Asset Management Inc. purchased a new position in LendingClub during the fourth quarter worth about $63,580,000. Azora Capital LP increased its stake in LendingClub by 258.2% in the 3rd quarter. Azora Capital LP now owns 2,391,190 shares of the credit services provider’s stock valued at $36,322,000 after buying an additional 1,723,658 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of LendingClub by 184.1% during 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 buying an additional 1,375,002 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of LendingClub by 18.8% during the 3rd quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock worth $120,921,000 after buying an additional 1,261,861 shares in the last quarter. Finally, Senvest Management LLC boosted 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 worth $70,752,000 after buying an additional 1,117,241 shares during the last quarter. 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.