LendingClub (LC) Expected to Announce Quarterly Earnings on Tuesday

LendingClub (NYSE:LC - Get Free Report) is projected to announce its Q1 2025 earnings results after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $213.71 million for the quarter.

LendingClub Stock Performance

NYSE LC traded up $0.09 during mid-day trading on Friday, reaching $10.96. 1,222,213 shares of the stock were exchanged, compared to its average volume of 1,626,648. LendingClub has a 1-year low of $7.48 and a 1-year high of $18.75. The business's fifty day simple moving average is $10.74 and its 200 day simple moving average is $13.66. The stock has a market capitalization of $1.25 billion, a PE ratio of 24.36 and a beta of 2.09.

Insider Activity at LendingClub

In related news, General Counsel Jordan Cheng sold 7,000 shares of LendingClub stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $14.10, for a total transaction of $98,700.00. Following the transaction, the general counsel now owns 88,263 shares in the company, valued at approximately $1,244,508.30. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Scott Sanborn sold 5,250 shares of LendingClub stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $10.00, for a total transaction of $52,500.00. Following the transaction, the chief executive officer now owns 1,303,032 shares in the company, valued at $13,030,320. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,500 shares of company stock worth $439,405. 3.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on LC shares. JPMorgan Chase & Co. decreased their target price on shares of LendingClub from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Piper Sandler reiterated an "overweight" rating and issued a $19.00 price target (down previously from $20.00) on shares of LendingClub in a report on Wednesday, January 29th. StockNews.com upgraded shares of LendingClub from a "sell" rating to a "hold" rating in a report on Friday, April 4th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $16.00 price target (down previously from $17.00) on shares of LendingClub in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

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.