LendingClub FY2025 EPS Forecast Lifted by Seaport Res Ptn

Key Points

• Seaport Res Ptn raised its FY2025 earnings per share (EPS) estimate for LendingClub to $1.10, up from a previous forecast of $1.01, indicating a positive outlook for the credit services provider.
• LendingClub reported quarterly earnings of $0.37 per share, surpassing analyst expectations of $0.30, with revenue increasing 31.8% year-over-year to $266.23 million.
• Several brokerages upgraded LendingClub's stock ratings and price targets, with JPMorgan Chase increasing its target to $22.00, reflecting growing confidence among analysts regarding the company's performance.

LendingClub Corporation (NYSE:LC - Free Report) - Equities research analysts at Seaport Res Ptn increased their FY2025 earnings per share (EPS) estimates for shares of LendingClub in a research note issued to investors on Thursday, October 23rd. Seaport Res Ptn analyst W. Ryan now anticipates that the credit services provider will post earnings per share of $1.10 for the year, up from their prior forecast of $1.01. The consensus estimate for LendingClub's current full-year earnings is $0.72 per share. Seaport Res Ptn also issued estimates for LendingClub's FY2026 earnings at $1.45 EPS.

LendingClub (NYSE:LC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The credit services provider reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.07. LendingClub had a return on equity of 7.81% and a net margin of 10.94%.The business had revenue of $266.23 million during the quarter, compared to the consensus estimate of $256.27 million. During the same period in the previous year, the company posted $0.13 earnings per share. The business's revenue for the quarter was up 31.8% on a year-over-year basis.

A number of other brokerages have also weighed in on LC. BTIG Research raised their price objective on shares of LendingClub from $16.00 to $18.00 and gave the company a "buy" rating in a report on Thursday. Keefe, Bruyette & Woods increased their target price on LendingClub from $19.00 to $20.00 and gave the company an "outperform" rating in a report on Thursday. JPMorgan Chase & Co. upgraded LendingClub from a "neutral" rating to an "overweight" rating and raised their price target for the company from $17.00 to $22.00 in a research note on Thursday. Zacks Research cut LendingClub from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Finally, Wall Street Zen raised LendingClub from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, LendingClub presently has an average rating of "Moderate Buy" and an average price target of $19.00.

LendingClub Stock Up 10.9%

Shares of LendingClub stock opened at $18.31 on Friday. LendingClub has a 52-week low of $7.90 and a 52-week high of $19.88. The company has a market capitalization of $2.10 billion, a P/E ratio of 20.81 and a beta of 2.48. The company has a 50 day moving average of $16.30 and a 200 day moving average of $13.20.

Institutional Investors Weigh In On LendingClub

Several large investors have recently modified their holdings of LC. SG Americas Securities LLC increased its holdings in shares of LendingClub by 120.1% in the 3rd quarter. SG Americas Securities LLC now owns 649,753 shares of the credit services provider's stock valued at $9,870,000 after acquiring an additional 354,521 shares during the period. Range Financial Group LLC purchased a new position in LendingClub during the 3rd quarter worth $1,244,000. Sheets Smith Wealth Management acquired a new position in LendingClub in the third quarter valued at $278,000. Sheets Smith Investment Management purchased a new stake in shares of LendingClub in the third quarter valued at about $660,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of LendingClub by 184.1% in the third quarter. Assenagon Asset Management S.A. now owns 2,121,802 shares of the credit services provider's stock valued at $32,230,000 after buying an additional 1,375,002 shares during the last quarter. 74.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at LendingClub

In other LendingClub news, CFO Andrew Labenne sold 20,903 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $17.04, for a total transaction of $356,187.12. Following the transaction, the chief financial officer owned 181,750 shares of the company's stock, valued at approximately $3,097,020. This trade represents a 10.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott Sanborn sold 30,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $16.65, for a total value of $499,500.00. Following the completion of the sale, the chief executive officer directly owned 1,270,070 shares of the company's stock, valued at $21,146,665.50. The trade was a 2.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,248 shares of company stock worth $1,706,038 over the last 90 days. Corporate insiders own 3.19% 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.

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