Lendingclub’s (HAPN) Buy Rating Reiterated at BTIG Research

BTIG Research reiterated their buy rating on shares of Lendingclub (NASDAQ:HAPN) in a research report sent to investors on Tuesday,Benzinga reports. They currently have a $25.00 target price on the stock.

Separately, Weiss Ratings assumed coverage on Lendingclub in a report on Thursday, June 25th. They set a “hold (c+)” rating on the stock. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Lendingclub Price Performance

Shares of HAPN stock opened at $19.33 on Tuesday. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 11.64 and a beta of 1.93. Lendingclub has a 52 week low of $13.05 and a 52 week 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, topping the consensus estimate of $0.42 by $0.08. The firm had revenue of $262.86 million for the quarter. Lendingclub had a return on equity of 13.08% and a net margin of 18.67%.Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. On average, analysts predict that Lendingclub will post 1.87 earnings per share for the current fiscal year.

Insider Activity at Lendingclub

In other Lendingclub news, General Counsel Jordan Cheng sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $20.85, for a total transaction of $114,675.00. Following the transaction, the general counsel owned 102,574 shares of the company’s stock, valued at approximately $2,138,667.90. This trade represents a 5.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott Sanborn sold 28,750 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $19.17, for a total transaction of $551,137.50. Following the sale, the chief executive officer owned 1,561,063 shares in the company, valued at $29,925,577.71. This trade represents a 1.81% decrease in their ownership of the stock. 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. Insiders sold 109,250 shares of company stock worth $2,241,312 in the last 90 days. Corporate insiders own 3.31% of the company’s stock.

Lendingclub Company Profile

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