Lendingclub (NASDAQ:HAPN) General Counsel Sells $49,168.00 in Stock

Key Points

• General Counsel Jordan Cheng sold 2,800 LendingClub shares at an average price of $17.56, totaling $49,168. The transaction reduced his holdings by 2.56% to 106,413 shares and was conducted under a pre-arranged Rule 10b5-1 trading plan.
• LendingClub shares rose 1.0% to $17.75, while the company reported quarterly EPS of $0.50, beating analysts’ $0.42 consensus estimate. It generated $262.86 million in revenue and provided full-year 2026 EPS guidance of $1.80–$1.90.
• Analysts maintain a “Moderate Buy” consensus rating with a $25 price target; BTIG Research and Citizens JMP both recently assigned bullish ratings and $25 targets, while Weiss Ratings initiated coverage with a hold rating.

Lendingclub Corp (NASDAQ:HAPN - Get Free Report) General Counsel Jordan Cheng sold 2,800 shares of Lendingclub stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $17.56, for a total transaction of $49,168.00. Following the completion of the sale, the general counsel owned 106,413 shares of the company's stock, valued at $1,868,612.28. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jordan Cheng also recently made the following trade(s):

• On Wednesday, July 1st, Jordan Cheng sold 5,500 shares of Lendingclub stock. The stock was sold at an average price of $20.85, for a total value of $114,675.00.

Lendingclub Trading Up 1.0%

Shares of HAPN traded up $0.17 during midday trading on Friday, hitting $17.75. 809,614 shares of the stock were exchanged, compared to its average volume of 2,025,485. Lendingclub Corp has a 52-week low of $13.05 and a 52-week high of $21.67. The stock's fifty day moving average is $19.13. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 10.69 and a beta of 1.86.

Lendingclub (NASDAQ:HAPN - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.08. Lendingclub had a return on equity of 12.92% and a net margin of 18.67%.The firm had revenue of $262.86 million for the quarter. Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. As a group, equities research analysts anticipate that Lendingclub Corp will post 1.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Weiss Ratings started coverage on shares of Lendingclub in a research note on Thursday, June 25th. They set a "hold (c+)" rating on the stock. BTIG Research restated a "buy" rating and issued a $25.00 price target on shares of Lendingclub in a research note on Tuesday, July 28th. Finally, Citizens Jmp increased their price objective on Lendingclub from $23.00 to $25.00 and gave the company a "market outperform" rating in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.00.

Lendingclub Company Profile

I couldn't find enough reliable information about LendingClub with the ticker symbol NASDAQ:HAPN to write an accurate company description.

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