Seaport Res Ptn Forecasts LendingClub Q1 Earnings

LendingClub Co. (NYSE:LC - Free Report) - Seaport Res Ptn issued their Q1 2025 earnings estimates for shares of LendingClub in a report released on Tuesday, February 18th. Seaport Res Ptn analyst W. Ryan expects that the credit services provider will earn $0.13 per share for the quarter. The consensus estimate for LendingClub's current full-year earnings is $0.72 per share. Seaport Res Ptn also issued estimates for LendingClub's Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.21 EPS and Q4 2025 earnings at $0.25 EPS.

A number of other equities research analysts have also commented on the stock. StockNews.com lowered shares of LendingClub from a "hold" rating to a "sell" rating in a report on Friday, October 25th. Piper Sandler reiterated an "overweight" rating and set a $19.00 price target (down from $20.00) on shares of LendingClub in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $16.00 price target (down from $17.00) on shares of LendingClub in a report on Wednesday, January 29th. Maxim Group upped their price objective on shares of LendingClub from $16.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Compass Point upped their price objective on shares of LendingClub from $15.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, LendingClub presently has an average rating of "Moderate Buy" and a consensus target price of $16.38.

LendingClub Stock Performance

NYSE:LC traded down $0.58 during midday trading on Wednesday, reaching $13.02. 1,604,372 shares of the stock traded hands, compared to its average volume of 2,555,170. The company has a fifty day moving average of $15.56 and a 200 day moving average of $13.83. LendingClub has a 12 month low of $7.48 and a 12 month high of $18.75. The stock has a market capitalization of $1.48 billion, a P/E ratio of 28.92 and a beta of 2.00.

Insider Buying and Selling

In related news, General Counsel Jordan Cheng sold 7,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $14.10, for a total value of $98,700.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott Sanborn sold 17,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $15.84, for a total transaction of $269,280.00. Following the completion of the transaction, the chief executive officer now owns 1,329,184 shares of the company's stock, valued at approximately $21,054,274.56. The trade was a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,000 shares of company stock worth $875,940 in the last three months. 3.31% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in LendingClub by 62.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 289,251 shares of the credit services provider's stock valued at $4,683,000 after purchasing an additional 111,031 shares during the last quarter. ProShare Advisors LLC grew its position in LendingClub by 50.8% during the 4th quarter. ProShare Advisors LLC now owns 31,128 shares of the credit services provider's stock valued at $504,000 after purchasing an additional 10,490 shares during the last quarter. Nuveen Asset Management LLC grew its position in LendingClub by 2.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,839,360 shares of the credit services provider's stock valued at $29,779,000 after purchasing an additional 49,996 shares during the last quarter. Numerai GP LLC purchased a new stake in LendingClub during the 4th quarter valued at about $1,015,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in LendingClub during the 4th quarter valued at about $434,000. 74.08% of the stock is currently owned by institutional investors.

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.