LendingClub FY2025 EPS Estimate Raised by Seaport Res Ptn

LendingClub Co. (NYSE:LC) – Seaport Res Ptn raised their FY2025 earnings per share (EPS) estimates for LendingClub in a report issued on Thursday, October 24th. Seaport Res Ptn analyst W. Ryan now expects that the credit services provider will post earnings of $0.75 per share for the year, up from their previous estimate of $0.50. The consensus estimate for LendingClub’s current full-year earnings is $0.39 per share.

LendingClub (NYSE:LC) last announced its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.06. The firm had revenue of $201.90 million during the quarter, compared to analyst estimates of $190.40 million. LendingClub had a return on equity of 3.38% and a net margin of 5.61%. LendingClub’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 earnings per share.

Several other equities analysts have also commented on LC. Piper Sandler reaffirmed an “overweight” rating and set a $15.00 target price (up from $13.00) on shares of LendingClub in a report on Thursday, October 24th. Wedbush upped their target price on LendingClub from $14.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. StockNews.com lowered LendingClub from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods raised LendingClub from a “market perform” rating to an “outperform” rating and upped their target price for the company from $11.50 to $15.00 in a report on Thursday, October 10th. Finally, Compass Point increased their price objective on LendingClub from $15.00 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 and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.38.

LendingClub Stock Down 0.6 %

Shares of LendingClub stock opened at $14.15 on Monday. The firm has a market cap of $1.57 billion, a P/E ratio of 41.60 and a beta of 2.04. LendingClub has a fifty-two week low of $4.98 and a fifty-two week high of $15.52. The business has a 50-day moving average price of $11.81 and a 200 day moving average price of $10.12.

Hedge Funds Weigh In On LendingClub

Institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its stake in LendingClub by 120.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,517,986 shares of the credit services provider’s stock valued at $17,351,000 after acquiring an additional 828,958 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of LendingClub by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 11,270,308 shares of the credit services provider’s stock worth $98,502,000 after purchasing an additional 336,827 shares during the period. American Century Companies Inc. increased its holdings in shares of LendingClub by 24.8% during the second quarter. American Century Companies Inc. now owns 1,658,679 shares of the credit services provider’s stock worth $14,032,000 after purchasing an additional 329,279 shares during the period. Interval Partners LP acquired a new stake in shares of LendingClub during the 1st quarter worth approximately $2,821,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of LendingClub by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,898,545 shares of the credit services provider’s stock worth $49,901,000 after acquiring an additional 300,536 shares in the last quarter. 74.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at LendingClub

In other news, CEO Scott Sanborn sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $11.09, for a total transaction of $188,530.00. Following the completion of the sale, the chief executive officer now owns 1,356,273 shares of the company’s stock, valued at approximately $15,041,067.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 51,703 shares of company stock worth $562,705. Company insiders own 3.31% of the company’s stock.

LendingClub Company Profile

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.