FY2025 EPS Estimates for LendingClub Cut by Seaport Res Ptn

LendingClub Co. (NYSE:LC) – Stock analysts at Seaport Res Ptn decreased their FY2025 earnings per share (EPS) estimates for shares of LendingClub in a report released on Tuesday, February 18th. Seaport Res Ptn analyst W. Ryan now anticipates that the credit services provider will post earnings of $0.75 per share for the year, down from their previous estimate of $0.85. The consensus estimate for LendingClub’s current full-year earnings is $0.74 per share.

A number of other equities research analysts also recently weighed in on LC. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $17.00 price objective (up previously from $14.00) on shares of LendingClub in a research report on Monday, December 2nd. StockNews.com cut LendingClub from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Wedbush lifted their price target on LendingClub from $14.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Maxim Group raised their price objective on LendingClub from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $16.00 price target (down from $17.00) on shares of LendingClub in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.38.

LendingClub Trading Down 0.7 %

LC opened at $14.26 on Thursday. LendingClub has a 12-month low of $7.48 and a 12-month high of $18.75. The business’s fifty day simple moving average is $15.62 and its 200-day simple moving average is $13.83. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 31.70 and a beta of 2.00.

Institutional Investors Weigh In On LendingClub

A number of large investors have recently bought and sold shares of the stock. Comerica Bank acquired a new position in LendingClub in the fourth quarter valued at $37,000. SBI Securities Co. Ltd. acquired a new position in LendingClub in the fourth quarter valued at $45,000. Sterling Capital Management LLC boosted its holdings in LendingClub by 818.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,500 shares of the credit services provider’s stock valued at $57,000 after acquiring an additional 3,119 shares during the last quarter. National Bank of Canada FI boosted its holdings in LendingClub by 150.6% in the fourth quarter. National Bank of Canada FI now owns 4,074 shares of the credit services provider’s stock valued at $66,000 after acquiring an additional 2,448 shares during the last quarter. Finally, FMR LLC boosted its holdings in LendingClub by 32.1% in the third quarter. FMR LLC now owns 5,865 shares of the credit services provider’s stock valued at $67,000 after acquiring an additional 1,424 shares during the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.

Insider Transactions at LendingClub

In related news, CEO Scott Sanborn sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $16.12, for a total value of $274,040.00. Following the completion of the transaction, the chief executive officer now directly owns 1,312,184 shares of the company’s stock, valued at $21,152,406.08. This trade represents a 1.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael P. Zeisser acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average cost of $12.88 per share, with a total value of $257,600.00. Following the completion of the purchase, the director now directly owns 148,018 shares in the company, valued at $1,906,471.84. This represents a 15.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 51,000 shares of company stock valued at $777,240. 3.31% of the stock is currently owned by corporate 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.