LendingClub FY2025 EPS Forecast Boosted by Seaport Res Ptn

LendingClub Co. (NYSE:LC - Free Report) - Analysts at Seaport Res Ptn boosted their FY2025 earnings per share estimates for LendingClub in a research note issued to investors on Friday, December 6th. Seaport Res Ptn analyst W. Ryan now forecasts that the credit services provider will post earnings per share of $0.85 for the year, up from their prior estimate of $0.75. The consensus estimate for LendingClub's current full-year earnings is $0.47 per share. Seaport Res Ptn also issued estimates for LendingClub's FY2026 earnings at $1.15 EPS.

LendingClub (NYSE:LC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.06. The company had revenue of $201.90 million during the quarter, compared to analysts' expectations of $190.40 million. LendingClub had a return on equity of 4.02% and a net margin of 6.85%. The firm's revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 EPS.

Several other analysts also recently commented on the stock. StockNews.com downgraded shares of LendingClub from a "hold" rating to a "sell" rating in a report on Friday, October 25th. Piper Sandler reaffirmed an "overweight" rating and set a $15.00 price target (up from $13.00) on shares of LendingClub in a research report on Thursday, October 24th. Compass Point lifted their price objective on LendingClub from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $17.00 target price (up previously from $14.00) on shares of LendingClub in a research note on Monday, December 2nd. Finally, Maxim Group lifted their price target on LendingClub from $16.00 to $19.00 and gave the company a "buy" rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

LendingClub Stock Performance

NYSE LC traded down $0.49 during trading hours on Monday, reaching $15.63. The stock had a trading volume of 828,819 shares, compared to its average volume of 1,481,560. LendingClub has a 52-week low of $6.56 and a 52-week high of $17.15. The stock has a fifty day moving average of $14.13 and a 200 day moving average of $11.46. The stock has a market cap of $1.76 billion, a P/E ratio of 35.04 and a beta of 2.02.

Insider Buying and Selling at LendingClub

In other LendingClub news, Director John C. Morris sold 2,500 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $14.36, for a total transaction of $35,900.00. Following the transaction, the director now directly owns 203,348 shares of the company's stock, valued at $2,920,077.28. This trade represents a 1.21 % 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 business's stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $11.09, for a total transaction of $188,530.00. Following the sale, the chief executive officer now directly owns 1,356,273 shares of the company's stock, valued at $15,041,067.57. This represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,500 shares of company stock valued at $1,073,100. Company insiders own 3.31% of the company's stock.

Institutional Trading of LendingClub

A number of institutional investors have recently made changes to their positions in LC. Price T Rowe Associates Inc. MD boosted its position in LendingClub by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 70,715 shares of the credit services provider's stock worth $622,000 after acquiring an additional 4,479 shares during the last quarter. SG Americas Securities LLC grew its position in shares of LendingClub by 16.3% in the second quarter. SG Americas Securities LLC now owns 12,344 shares of the credit services provider's stock valued at $104,000 after purchasing an additional 1,732 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of LendingClub in the second quarter valued at approximately $600,000. Assenagon Asset Management S.A. lifted its position in LendingClub by 45.0% during the second quarter. Assenagon Asset Management S.A. now owns 689,028 shares of the credit services provider's stock worth $5,829,000 after buying an additional 213,823 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in LendingClub by 9.5% during the second quarter. Bank of New York Mellon Corp now owns 447,522 shares of the credit services provider's stock worth $3,786,000 after buying an additional 38,912 shares during the last quarter. 74.08% of the stock is owned by institutional investors and hedge funds.

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.