Lendingclub (NASDAQ:HAPN) SVP Sells 37,500 Shares of Stock

Key Points

• SVP Fergal Stack sold 37,500 shares of LendingClub at an average price of $18.64, worth $699,000, under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 32.62% to 77,477 shares, following additional sales in July and August.
• LendingClub shares fell 3.2% to $17.97, giving the company a market capitalization of approximately $2.07 billion. The stock trades at a price-to-earnings ratio of 10.83 and remains below its 12-month high of $21.67.
• The company’s latest quarterly results exceeded expectations, with EPS of $0.50 versus a $0.42 consensus estimate and revenue of $262.86 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $25.00.

Lendingclub Corp (NASDAQ:HAPN - Get Free Report) SVP Fergal Stack sold 37,500 shares of the firm's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $18.64, for a total value of $699,000.00. Following the transaction, the senior vice president owned 77,477 shares in the company, valued at $1,444,171.28. The trade was a 32.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Fergal Stack also recently made the following trade(s):

• On Tuesday, August 18th, Fergal Stack sold 40,000 shares of Lendingclub stock. The stock was sold at an average price of $18.86, for a total value of $754,400.00.
• On Wednesday, July 1st, Fergal Stack sold 50,000 shares of Lendingclub stock. The shares were sold at an average price of $21.01, for a total transaction of $1,050,500.00.

Lendingclub Stock Down 3.2%

Shares of NASDAQ HAPN traded down $0.59 during trading hours on Thursday, hitting $17.97. 1,371,240 shares of the stock were exchanged, compared to its average volume of 1,544,969. The firm has a market cap of $2.07 billion, a PE ratio of 10.83 and a beta of 1.91. Lendingclub Corp has a 12 month low of $13.05 and a 12 month high of $21.67.

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

Analyst Ratings Changes

HAPN has been the topic of several research analyst reports. BTIG Research restated a "buy" rating and set a $25.00 target price on shares of Lendingclub in a research note on Tuesday, July 28th. Weiss Ratings initiated coverage on Lendingclub in a research note on Thursday, June 25th. They issued a "hold (c+)" rating for the company. Finally, Citizens Jmp boosted their price target on Lendingclub from $23.00 to $25.00 and gave the stock 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. Based on data from MarketBeat.com, Lendingclub currently has an average rating of "Moderate Buy" and a consensus target price 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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