LendingClub Corporation (NYSE:LC) Receives $23.07 Average Target Price from Analysts

LendingClub Corporation (NYSE:LC) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $23.0714.

LC has been the subject of a number of research reports. Stephens reaffirmed an “overweight” rating and set a $22.50 price target (up from $21.00) on shares of LendingClub in a research note on Tuesday, April 28th. Zacks Research upgraded LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th.

LendingClub Stock Performance

Shares of NYSE:LC opened at $19.21 on Friday. The company has a 50 day moving average of $17.76 and a 200-day moving average of $17.13. The firm has a market cap of $2.22 billion, a P/E ratio of 12.89 and a beta of 1.98. LendingClub has a twelve month low of $10.74 and a twelve month high of $21.67.

LendingClub (NYSE:LC) last posted its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The business had revenue of $252.25 million for the quarter, compared to analyst estimates of $249.10 million. During the same quarter last year, the business earned $0.10 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. Equities research analysts forecast that LendingClub will post 1.74 EPS for the current year.

Insider Buying and Selling at LendingClub

In related news, CFO Andrew Labenne sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $17.00, for a total value of $340,000.00. Following the sale, the chief financial officer directly owned 234,955 shares in the company, valued at $3,994,235. The trade was a 7.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott Sanborn sold 23,851 shares of LendingClub stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $17.86, for a total transaction of $425,978.86. Following the completion of the transaction, the chief executive officer owned 1,594,712 shares in the company, valued at approximately $28,481,556.32. This trade represents a 1.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 119,750 shares of company stock worth $2,183,691. 3.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LendingClub

Several large investors have recently modified their holdings of LC. International Assets Investment Management LLC acquired a new stake in shares of LendingClub during the fourth quarter worth $40,000. Kestra Advisory Services LLC purchased a new stake in shares of LendingClub during the fourth quarter valued at $44,000. Quarry LP raised its holdings in LendingClub by 343.0% during the 3rd quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock worth $46,000 after buying an additional 2,346 shares during the period. Headlands Technologies LLC purchased a new stake in LendingClub during the second quarter valued at about $53,000. Finally, Larson Financial Group LLC boosted its holdings in shares of LendingClub by 1,435.4% in the fourth quarter. Larson Financial Group LLC now owns 3,040 shares of the credit services provider’s stock worth $58,000 after buying an additional 2,842 shares during the period. 74.08% of the stock is owned by institutional investors.

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.