LendingClub (LC) Expected to Announce Quarterly Earnings on Tuesday

LendingClub (NYSE:LC) is expected to be posting its Q1 2025 quarterly earnings results after the market closes on Tuesday, April 29th. Analysts expect LendingClub to post earnings of $0.10 per share and revenue of $213.71 million for the quarter.

LendingClub Stock Up 0.8 %

Shares of LC opened at $10.96 on Friday. LendingClub has a 52-week low of $7.48 and a 52-week high of $18.75. The stock has a 50 day moving average price of $10.74 and a 200 day moving average price of $13.65. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 24.36 and a beta of 2.09.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. dropped 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. StockNews.com upgraded LendingClub from a “sell” rating to a “hold” rating in a research report on Friday, April 4th. Piper Sandler reissued an “overweight” rating and issued a $19.00 target price (down from $20.00) on shares of LendingClub in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $16.00 price target (down previously from $17.00) on shares of LendingClub in a research 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Insider Buying and Selling at LendingClub

In other news, Director Michael P. Zeisser bought 20,000 shares of the stock in a transaction on Monday, February 3rd. The shares were bought at an average price of $12.88 per share, with a total value of $257,600.00. Following the completion of the acquisition, the director now owns 148,018 shares of the company’s stock, valued at approximately $1,906,471.84. This trade represents a 15.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott Sanborn sold 5,250 shares of the business’s stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $10.00, for a total transaction of $52,500.00. Following the completion of the sale, the chief executive officer now owns 1,303,032 shares in the company, valued at $13,030,320. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,500 shares of company stock valued at $439,405 in the last ninety days. Insiders own 3.31% 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.