LendingClub (LC) Expected to Announce Quarterly Earnings on Tuesday

LendingClub (NYSE:LC - Get Free Report) is expected to be announcing its Q1 2025 earnings results after the market closes on Tuesday, April 29th. Analysts expect LendingClub to post earnings of $0.10 per share and revenue of $213.71 million for the quarter.

LendingClub Price Performance

Shares of LC traded up $0.64 during mid-day trading on Thursday, hitting $10.89. The company's stock had a trading volume of 1,308,045 shares, compared to its average volume of 1,619,838. LendingClub has a fifty-two week low of $7.48 and a fifty-two week high of $18.75. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 24.20 and a beta of 2.09. The firm has a 50-day moving average price of $10.81 and a 200 day moving average price of $13.64.

Wall Street Analysts Forecast Growth

LC has been the topic of several recent analyst reports. StockNews.com raised shares of LendingClub from a "sell" rating to a "hold" rating in a research note on Friday, April 4th. JPMorgan Chase & Co. cut their price objective on shares of LendingClub from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Piper Sandler reaffirmed an "overweight" rating and issued a $19.00 price target (down previously from $20.00) on shares of LendingClub in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $16.00 price target (down previously from $17.00) on shares of LendingClub in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $16.00.

Insider Transactions at LendingClub

In related news, General Counsel Jordan Cheng sold 7,000 shares of LendingClub stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $14.10, for a total transaction of $98,700.00. Following the completion of the transaction, the general counsel now owns 88,263 shares in the company, valued at approximately $1,244,508.30. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Scott Sanborn sold 17,000 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $13.76, for a total value of $233,920.00. Following the completion of the sale, the chief executive officer now owns 1,295,184 shares in the company, valued at approximately $17,821,731.84. This trade represents a 1.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,250 shares of company stock valued at $385,120 over the last 90 days. 3.31% of the stock is owned by company insiders.

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.