Seaport Res Ptn Predicts Stronger Earnings for LendingClub

LendingClub Co. (NYSE:LC - Free Report) - Equities research analysts at Seaport Res Ptn lifted their FY2025 EPS estimates for shares of LendingClub in a report issued on Thursday, October 24th. Seaport Res Ptn analyst W. Ryan now forecasts that the credit services provider will post earnings per share of $0.75 for the year, up from their prior forecast of $0.50. The consensus estimate for LendingClub's current full-year earnings is $0.39 per share.

A number of other research analysts have also recently commented on the company. StockNews.com cut LendingClub from a "hold" rating to a "sell" rating in a research report on Friday. Maxim Group boosted their target price on shares of LendingClub from $16.00 to $19.00 and gave the company a "buy" rating in a research report on Friday. Compass Point increased their price target on shares of LendingClub from $15.00 to $19.00 and gave the stock a "buy" rating in a research report on Friday. Jefferies Financial Group boosted their price objective on shares of LendingClub from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Thursday, July 18th. Finally, Piper Sandler restated an "overweight" rating and set a $15.00 target price (up from $13.00) on shares of LendingClub in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $15.38.

LendingClub Stock Performance

NYSE:LC traded up $0.64 during mid-day trading on Monday, reaching $14.23. 2,129,184 shares of the company's stock were exchanged, compared to its average volume of 1,450,055. The firm has a market capitalization of $1.58 billion, a PE ratio of 42.56 and a beta of 2.04. LendingClub has a one year low of $4.98 and a one year high of $15.52. The business's fifty day simple moving average is $11.69 and its two-hundred day simple moving average is $10.04.

LendingClub (NYSE:LC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.06. LendingClub had a return on equity of 3.38% and a net margin of 5.61%. The firm had revenue of $201.90 million for the quarter, compared to analyst estimates of $190.40 million. During the same period in the prior year, the firm posted $0.05 EPS. The company's revenue for the quarter was up .5% on a year-over-year basis.

Institutional Trading of LendingClub

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of LendingClub by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 11,270,308 shares of the credit services provider's stock worth $98,502,000 after acquiring an additional 336,827 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of LendingClub in the 1st quarter worth approximately $164,000. GSA Capital Partners LLP lifted its position in shares of LendingClub by 38.2% in the 1st quarter. GSA Capital Partners LLP now owns 143,839 shares of the credit services provider's stock worth $1,264,000 after purchasing an additional 39,733 shares during the period. Empowered Funds LLC boosted its stake in shares of LendingClub by 8.2% in the 1st quarter. Empowered Funds LLC now owns 314,729 shares of the credit services provider's stock valued at $2,766,000 after purchasing an additional 23,790 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of LendingClub by 1.0% during the first quarter. Swiss National Bank now owns 216,360 shares of the credit services provider's stock worth $1,902,000 after buying an additional 2,100 shares during the period. 74.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at LendingClub

In other news, CEO Scott Sanborn sold 17,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $10.25, for a total value of $174,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1,383,362 shares in the company, valued at approximately $14,179,460.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 51,703 shares of company stock worth $562,705 over the last quarter. Corporate insiders own 3.31% of the company's stock.

LendingClub Company Profile

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.