LendingClub (NYSE:LC) Rating Increased to Strong-Buy at Zacks Research

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

Other analysts have also issued reports about the stock. Piper Sandler restated an “overweight” rating and set a $23.00 price objective on shares of LendingClub in a research note on Thursday, January 29th. BTIG Research reaffirmed a “buy” rating and set a $26.00 price target on shares of LendingClub in a report on Thursday, January 29th. Weiss Ratings reissued a “hold (c)” rating on shares of LendingClub in a report on Monday, December 29th. Wall Street Zen downgraded shares of LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Finally, Stephens restated an “overweight” rating and set a $22.50 target price (up from $21.00) on shares of LendingClub in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.07.

LendingClub Stock Performance

Shares of LendingClub stock traded up $0.36 during trading on Tuesday, hitting $16.91. The company’s stock had a trading volume of 679,444 shares, compared to its average volume of 2,292,956. The company has a fifty day simple moving average of $15.28 and a two-hundred day simple moving average of $17.20. The company has a market capitalization of $1.95 billion, a PE ratio of 11.35 and a beta of 1.95. LendingClub has a 52 week low of $9.54 and a 52 week high of $21.67.

LendingClub (NYSE:LC) last issued its quarterly earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.06. The company had revenue of $252.25 million during the quarter, compared to analyst estimates of $250.96 million. LendingClub had a net margin of 16.99% and a return on equity of 12.06%. LendingClub’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. As a group, analysts predict that LendingClub will post 1.72 EPS for the current year.

Insiders Place Their Bets

In related news, Director Erin Selleck sold 2,390 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $15.46, for a total value of $36,949.40. Following the sale, the director owned 78,767 shares in the company, valued at approximately $1,217,737.82. The trade was a 2.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in shares of LendingClub by 120.1% during the third quarter. SG Americas Securities LLC now owns 649,753 shares of the credit services provider’s stock valued at $9,870,000 after purchasing an additional 354,521 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new stake in LendingClub in the third quarter worth about $2,858,000. Federated Hermes Inc. lifted its stake in LendingClub by 21.4% in the third quarter. Federated Hermes Inc. now owns 559,686 shares of the credit services provider’s stock worth $8,502,000 after acquiring an additional 98,483 shares during the period. Wakefield Asset Management LLLP purchased a new stake in LendingClub in the third quarter worth about $1,136,000. Finally, American Century Companies Inc. lifted its stake in LendingClub by 19.3% in the third quarter. American Century Companies Inc. now owns 2,071,137 shares of the credit services provider’s stock worth $31,461,000 after acquiring an additional 334,914 shares during the period. 74.08% of the stock is owned by hedge funds and other 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.