LendingClub (NYSE:LC) CEO Sells $88,182.00 in Stock

by · The Cerbat Gem

LendingClub Corporation (NYSE:LC – Get Free Report) CEO Scott Sanborn sold 4,899 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $18.00, for a total value of $88,182.00. Following the transaction, the chief executive officer directly owned 1,589,813 shares in the company, valued at $28,616,634. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Scott Sanborn also recently made the following trade(s):

  • On Tuesday, June 2nd, Scott Sanborn sold 23,851 shares of LendingClub stock. The shares were sold at an average price of $17.86, for a total value of $425,978.86.

LendingClub Price Performance

NYSE LC opened at $18.05 on Friday. LendingClub Corporation has a 1-year low of $10.41 and a 1-year high of $21.67. The business’s fifty day moving average price is $16.48 and its 200-day moving average price is $17.11. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 12.11 and a beta of 1.98.

LendingClub (NYSE:LC – Get Free Report) last announced its earnings results on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.The company had revenue of $252.25 million for the quarter, compared to analysts’ expectations of $249.10 million. During the same period last year, the firm earned $0.10 EPS. LendingClub’s revenue for the quarter was up 15.9% compared to the same quarter last year. 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 anticipate that LendingClub Corporation will post 1.74 EPS for the current year.

Institutional Investors Weigh In On LendingClub

A number of institutional investors have recently bought and sold shares of LC. Fuller & Thaler Asset Management Inc. purchased a new stake in LendingClub in the 4th quarter worth $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 worth $36,322,000 after buying an additional 1,723,658 shares in the last quarter. Wellington Management Group LLP increased its stake in LendingClub by 18.8% in 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. Marshall Wace LLP increased its stake in LendingClub by 1,232.2% in the 3rd quarter. Marshall Wace LLP now owns 735,821 shares of the credit services provider’s stock worth $11,177,000 after buying an additional 680,589 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in LendingClub by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock worth $221,547,000 after buying an additional 516,542 shares in the last quarter. Hedge funds and other institutional investors own 74.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LC shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LendingClub in a report on Wednesday, May 6th. Zacks Research raised LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Stephens reaffirmed an “overweight” rating and issued a $22.50 target price (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. Finally, Wall Street Zen cut LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. 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. According to MarketBeat, LendingClub presently has a consensus rating of “Moderate Buy” and an average price target of $23.07.

View Our Latest Stock Report on LendingClub

LendingClub Company Profile

(Get Free Report)

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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