LendingClub FY2025 EPS Estimate Lowered by Seaport Res Ptn

LendingClub Co. (NYSE:LC - Free Report) - Analysts at Seaport Res Ptn dropped their FY2025 earnings per share (EPS) estimates for LendingClub in a research note issued to investors on Tuesday, February 18th. Seaport Res Ptn analyst W. Ryan now expects that the credit services provider will earn $0.75 per share for the year, down from their prior forecast of $0.85. The consensus estimate for LendingClub's current full-year earnings is $0.72 per share.

Several other equities research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $16.00 price objective (down previously from $17.00) on shares of LendingClub in a research report on Wednesday, January 29th. Piper Sandler reiterated an "overweight" rating and issued a $19.00 price target (down from $20.00) on shares of LendingClub in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $17.00 price target (up previously from $14.00) on shares of LendingClub in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.38.

LendingClub Trading Down 3.7 %

LendingClub stock traded down $0.49 during mid-day trading on Thursday, hitting $12.55. The stock had a trading volume of 1,677,152 shares, compared to its average volume of 2,137,221. LendingClub has a one year low of $7.48 and a one year high of $18.75. The firm has a market capitalization of $1.42 billion, a P/E ratio of 27.90 and a beta of 2.01. The firm's 50 day moving average is $15.49 and its 200 day moving average is $13.88.

Institutional Investors Weigh In On LendingClub

Several institutional investors have recently made changes to their positions in LC. State Street Corp raised its position in LendingClub by 2.2% in the 3rd quarter. State Street Corp now owns 3,896,816 shares of the credit services provider's stock worth $44,541,000 after purchasing an additional 82,315 shares during the period. Wellington Management Group LLP raised its holdings in shares of LendingClub by 353.1% in the fourth quarter. Wellington Management Group LLP now owns 3,799,585 shares of the credit services provider's stock worth $61,515,000 after buying an additional 2,961,050 shares during the period. Driehaus Capital Management LLC lifted its stake in shares of LendingClub by 229.1% during the 4th quarter. Driehaus Capital Management LLC now owns 3,588,799 shares of the credit services provider's stock worth $58,103,000 after acquiring an additional 2,498,318 shares during the last quarter. Geode Capital Management LLC boosted its holdings in LendingClub by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,559,805 shares of the credit services provider's stock valued at $29,265,000 after acquiring an additional 42,429 shares during the period. Finally, Balyasny Asset Management L.P. grew its position in LendingClub by 196.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,131,253 shares of the credit services provider's stock valued at $34,505,000 after acquiring an additional 1,412,568 shares during the last quarter. Institutional investors own 74.08% of the company's stock.

Insiders Place Their Bets

In related news, General Counsel Jordan Cheng sold 7,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $14.10, for a total value of $98,700.00. Following the completion of the sale, the general counsel now directly owns 88,263 shares in the company, valued at $1,244,508.30. This trade represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott Sanborn sold 17,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $16.12, for a total transaction of $274,040.00. Following the transaction, the chief executive officer now owns 1,312,184 shares in the company, valued at $21,152,406.08. This trade represents a 1.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,000 shares of company stock valued at $875,940 in the last three months. Corporate insiders own 3.31% of the company's stock.

About LendingClub

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.