FY2025 EPS Estimates for LendingClub Cut by Seaport Res Ptn

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

Several other analysts have also recently issued reports on LC. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $16.00 target price (down previously from $17.00) on shares of LendingClub in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $17.00 price objective (up from $14.00) on shares of LendingClub in a report on Monday, December 2nd. Wedbush boosted their target price on shares of LendingClub from $14.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Maxim Group upped their target price on shares of LendingClub from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $19.00 price target (down from $20.00) on shares of LendingClub in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.38.

LendingClub Stock Performance

Shares of LC stock opened at $13.61 on Thursday. The stock has a fifty day simple moving average of $15.56 and a two-hundred day simple moving average of $13.83. LendingClub has a 52-week low of $7.48 and a 52-week high of $18.75. The firm has a market capitalization of $1.54 billion, a PE ratio of 30.23 and a beta of 2.00.

Insider Buying and Selling

In other news, CEO Scott Sanborn sold 17,000 shares of the business’s 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 sale, the chief executive officer now owns 1,329,184 shares in the company, valued at approximately $21,054,274.56. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael P. Zeisser acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was bought at an average cost of $12.88 per share, with a total value of $257,600.00. Following the completion of the transaction, the director now directly owns 148,018 shares in the company, valued at $1,906,471.84. The trade was a 15.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 51,000 shares of company stock worth $777,240 in the last 90 days. 3.31% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LC. Wellington Management Group LLP grew its holdings in shares of LendingClub by 353.1% during the fourth quarter. Wellington Management Group LLP now owns 3,799,585 shares of the credit services provider’s stock valued at $61,515,000 after buying an additional 2,961,050 shares during the last quarter. Driehaus Capital Management LLC grew its stake in LendingClub by 229.1% during the 4th quarter. Driehaus Capital Management LLC now owns 3,588,799 shares of the credit services provider’s stock valued at $58,103,000 after purchasing an additional 2,498,318 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of LendingClub by 196.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,131,253 shares of the credit services provider’s stock valued at $34,505,000 after purchasing an additional 1,412,568 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of LendingClub by 158.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,522,360 shares of the credit services provider’s stock worth $24,647,000 after purchasing an additional 933,680 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of LendingClub during the fourth quarter worth about $13,432,000. Institutional investors and hedge funds 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.