Lendingclub (NASDAQ:HAPN) Shares Down 1.6% - Time to Sell?

Key Points

• LendingClub shares fell 1.6% to $14.93 in mid-day trading, with volume 29% above the average daily level.
• Analysts maintain a “Moderate Buy” consensus, with two Buy ratings and one Hold rating and an average price target of $25, well above the recent trading price.
• The company beat quarterly earnings expectations with EPS of $0.50 versus $0.42 expected, while insiders sold 137,800 shares worth approximately $2.6 million during the last quarter.

Lendingclub Corp (NASDAQ:HAPN - Get Free Report)'s share price dropped 1.6% on Monday. The stock traded as low as $14.89 and last traded at $14.93. 2,437,583 shares were traded during mid-day trading, an increase of 29% from the average daily volume of 1,888,497 shares. The stock had previously closed at $15.17.

Analyst Ratings Changes

Several brokerages have recently issued reports on HAPN. Weiss Ratings reissued a "hold (c+)" rating on shares of Lendingclub in a research report on Tuesday, September 22nd. BTIG Research restated a "buy" rating and set a $25.00 price objective on shares of Lendingclub in a report on Tuesday, July 28th. Finally, Citizens Jmp boosted their price objective on shares of Lendingclub from $23.00 to $25.00 and gave the company a "market outperform" rating in a research report 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. Based on data from MarketBeat, Lendingclub currently has a consensus rating of "Moderate Buy" and an average target price of $25.00.

Lendingclub Price Performance

The stock has a market cap of $1.72 billion, a P/E ratio of 8.99 and a beta of 1.88. The firm's fifty day moving average price is $17.21.

Lendingclub (NASDAQ:HAPN - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.08. The company had revenue of $262.86 million during the quarter. Lendingclub had a return on equity of 12.92% and a net margin of 18.67%. Lendingclub has set its FY 2026 guidance at 1.800-1.900 EPS and its Q3 2026 guidance at 0.430-0.480 EPS. Research analysts anticipate that Lendingclub Corp will post 1.86 earnings per share for the current year.

Insider Activity at Lendingclub

In other Lendingclub news, General Counsel Jordan Cheng sold 2,800 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $17.56, for a total transaction of $49,168.00. Following the completion of the transaction, the general counsel owned 106,413 shares of the company's stock, valued at $1,868,612.28. This represents a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Fergal Stack sold 37,500 shares of the company's stock in a transaction that occurred 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 directly owned 77,477 shares of the company's stock, valued at approximately $1,444,171.28. This trade represents a 32.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 137,800 shares of company stock valued at $2,618,356. 3.31% of the stock is owned by insiders.

About Lendingclub

LendingClub Corporation is a U.S.-based financial technology company and bank holding company that operates a digital lending platform. Through its online marketplace and banking operations, the company connects borrowers seeking credit with funding sources and provides a streamlined application and servicing experience.

The company's offerings have primarily included unsecured personal loans, including loans for debt consolidation, home improvement and other consumer needs. LendingClub has also provided deposit accounts and related banking services through its digital bank, supporting its broader strategy of combining technology with traditional banking capabilities.

LendingClub serves customers primarily in the United States.

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