Seaport Res Ptn Forecasts Stronger Earnings for LendingClub

LendingClub Co. (NYSE:LC) – Investment analysts at Seaport Res Ptn lifted their FY2025 EPS estimates for shares of LendingClub in a report released 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 previous 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) last released its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.07 by $0.06. LendingClub had a net margin of 6.85% and a return on equity of 4.02%. The business had revenue of $201.90 million for the quarter, compared to analysts’ expectations of $190.40 million. During the same period in the prior year, the firm earned $0.05 earnings per share. LendingClub’s revenue was up .5% compared to the same quarter last year.

Other equities analysts have also issued research reports about the company. Wedbush upped their price target on LendingClub from $14.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. reissued 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. Compass Point raised their target price on shares of LendingClub from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Piper Sandler reissued an “overweight” rating and set a $15.00 price target (up from $13.00) on shares of LendingClub in a research note on Thursday, October 24th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of LendingClub from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

LendingClub Stock Performance

Shares of LC opened at $16.12 on Monday. The business’s fifty day moving average price is $14.13 and its two-hundred day moving average price is $11.46. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 35.04 and a beta of 2.02. LendingClub has a 52 week low of $6.56 and a 52 week high of $17.15.

Insider Activity at LendingClub

In other LendingClub news, Director John C. Morris sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $14.36, for a total value of $35,900.00. Following the completion of the transaction, the director now directly owns 203,348 shares of the company’s stock, valued at approximately $2,920,077.28. The trade was a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Jordan Cheng sold 22,000 shares of the stock in a transaction dated Friday, November 8th. The stock was 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 $1,325,579.55. This trade represents a 19.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,500 shares of company stock worth $1,073,100 in the last ninety days. Company insiders own 3.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings in shares of LendingClub by 5.3% in the second quarter. International Assets Investment Management LLC now owns 19,900 shares of the credit services provider’s stock valued at $168,000 after purchasing an additional 1,000 shares in the last quarter. FMR LLC lifted its stake in LendingClub by 32.1% in the 3rd 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 in the last quarter. The Manufacturers Life Insurance Company boosted its position in LendingClub by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 302,844 shares of the credit services provider’s stock worth $2,562,000 after acquiring an additional 1,445 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of LendingClub by 16.3% during the 2nd quarter. SG Americas Securities LLC now owns 12,344 shares of the credit services provider’s stock worth $104,000 after acquiring an additional 1,732 shares in the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in shares of LendingClub in the third quarter valued at approximately $32,000. 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.