Seaport Res Ptn Raises Earnings Estimates for LendingClub

LendingClub Co. (NYSE:LC) – Research analysts at Seaport Res Ptn upped their FY2025 earnings per share estimates for LendingClub in a report released on Friday, December 6th. Seaport Res Ptn analyst W. Ryan now anticipates that the credit services provider will earn $0.85 per share for the year, up from their previous forecast 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.

LC has been the subject of several other reports. Wedbush boosted their price objective on LendingClub from $14.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $17.00 price target (up previously from $14.00) on shares of LendingClub in a research report on Monday, December 2nd. Piper Sandler reissued an “overweight” rating and issued a $15.00 price target (up previously from $13.00) on shares of LendingClub in a research note on Thursday, October 24th. Keefe, Bruyette & Woods lifted their price objective on shares of LendingClub from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

LendingClub Price Performance

Shares of NYSE LC opened at $16.12 on Monday. The firm has a market capitalization of $1.81 billion, a PE ratio of 35.04 and a beta of 2.02. LendingClub has a 1-year low of $6.56 and a 1-year high of $17.15. The business’s fifty day moving average price is $14.13 and its two-hundred day moving average price is $11.46.

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

Insiders Place Their Bets

In related news, General Counsel Jordan Cheng sold 22,000 shares of LendingClub stock in a transaction on Friday, November 8th. The shares were sold at an average price of $14.83, for a total value of $326,260.00. Following the completion of the sale, the general counsel now owns 89,385 shares of the company’s stock, valued at approximately $1,325,579.55. The trade was a 19.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott Sanborn sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $11.09, for a total value 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. The trade was a 1.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,500 shares of company stock worth $1,073,100. Corporate insiders own 3.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LC. AlphaMark Advisors LLC acquired a new stake in LendingClub in the 3rd quarter valued at $32,000. FMR LLC grew its holdings in shares of LendingClub by 32.1% in the 3rd quarter. FMR LLC now owns 5,865 shares of the credit services provider’s stock worth $67,000 after purchasing an additional 1,424 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of LendingClub in the 2nd quarter worth about $71,000. Innealta Capital LLC bought a new position in LendingClub during the 2nd quarter valued at about $72,000. Finally, Blue Trust Inc. lifted its holdings in LendingClub by 259.8% during the 3rd quarter. Blue Trust Inc. now owns 7,267 shares of the credit services provider’s stock valued at $83,000 after purchasing an additional 5,247 shares during the last quarter. Institutional investors own 74.08% of the company’s stock.

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.