LendingClub Corporation (NYSE:LC – Get Free Report) SVP Fergal Stack sold 60,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $19.00, for a total value of $1,140,000.00. Following the completion of the transaction, the senior vice president owned 204,977 shares in the company, valued at $3,894,563. This trade represents a 22.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
LendingClub Stock Up 2.1%
LC traded up $0.40 on Thursday, hitting $19.21. 2,293,320 shares of the company traded hands, compared to its average volume of 2,188,690. The company has a 50 day moving average of $16.74 and a 200-day moving average of $17.14. The stock has a market capitalization of $2.22 billion, a PE ratio of 12.89 and a beta of 1.98. LendingClub Corporation has a 12-month low of $10.74 and a 12-month high of $21.67.
LendingClub (NYSE:LC – Get Free Report) last announced its earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.06. The company had revenue of $252.25 million for the quarter, compared to the consensus estimate of $249.10 million. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.The company’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $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. On average, research analysts anticipate that LendingClub Corporation will post 1.74 EPS for the current year.
Analyst Ratings Changes
Read Our Latest Stock Report on LC
Institutional Trading of LendingClub
A number of institutional investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd purchased a new position in LendingClub in the third quarter worth $26,000. International Assets Investment Management LLC purchased a new stake in shares of LendingClub during the 4th quarter worth $40,000. Kestra Advisory Services LLC acquired a new position in shares of LendingClub during the 4th quarter worth $44,000. Quarry LP grew its stake in shares of 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 purchasing an additional 2,346 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of LendingClub in the 2nd quarter valued at about $53,000. 74.08% of the stock is currently owned by hedge funds and other 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.
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