LendingClub Corporation (NYSE:LC) Short Interest Update

LendingClub Corporation (NYSE:LC) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 4,161,597 shares, a growth of 22.7% from the December 31st total of 3,392,540 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average trading volume of 1,808,777 shares, the short-interest ratio is currently 2.3 days. Based on an average trading volume of 1,808,777 shares, the short-interest ratio is currently 2.3 days. Approximately 3.7% of the shares of the company are sold short.

Wall Street Analyst Weigh In

LC has been the topic of several research analyst reports. Citizens Jmp upgraded LendingClub from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a research report on Monday, November 10th. JPMorgan Chase & Co. raised their target price on LendingClub from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Keefe, Bruyette & Woods lifted their target price on LendingClub from $20.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Piper Sandler reissued an “overweight” rating and issued a $23.00 price target on shares of LendingClub in a report on Thursday, January 29th. Finally, BTIG Research restated a “buy” rating and set a $26.00 price objective on shares of LendingClub in a research report on Thursday, January 29th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Insider Transactions at LendingClub

In other LendingClub news, Director Erin Selleck sold 2,390 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $19.47, for a total transaction of $46,533.30. Following the completion of the transaction, the director owned 76,377 shares in the company, valued at approximately $1,487,060.19. The trade was a 3.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Asset Management One Co. Ltd. lifted its stake in LendingClub by 7.4% in the 2nd quarter. Asset Management One Co. Ltd. now owns 10,232 shares of the credit services provider’s stock worth $123,000 after acquiring an additional 706 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of LendingClub by 3.5% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,482 shares of the credit services provider’s stock worth $357,000 after purchasing an additional 793 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of LendingClub by 8.8% in the second quarter. Osaic Holdings Inc. now owns 13,354 shares of the credit services provider’s stock worth $160,000 after purchasing an additional 1,084 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of LendingClub by 46.7% during the third quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider’s stock worth $67,000 after purchasing an additional 1,290 shares during the period. Finally, KLP Kapitalforvaltning AS grew its position in LendingClub by 5.3% during the second quarter. KLP Kapitalforvaltning AS now owns 25,840 shares of the credit services provider’s stock valued at $311,000 after purchasing an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 74.08% of the company’s stock.

LendingClub Trading Down 4.5%

LC stock opened at $16.10 on Wednesday. LendingClub has a one year low of $7.90 and a one year high of $21.67. The firm has a 50-day moving average of $19.39 and a two-hundred day moving average of $17.35. The firm has a market capitalization of $1.86 billion, a PE ratio of 14.00 and a beta of 2.08.

LendingClub (NYSE:LC) last released its earnings results on Wednesday, January 28th. The credit services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $266.47 million for the quarter, compared to the consensus estimate of $262.88 million. LendingClub had a net margin of 13.58% and a return on equity of 9.62%. The firm’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. On average, equities research analysts anticipate that LendingClub will post 0.72 earnings per share for the current year.

LendingClub announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 5th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the credit services provider to repurchase up to 4.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

About LendingClub

LendingClub Corporation operates an online lending marketplace that connects borrowers seeking personal and small business credit with individual and institutional investors. The platform leverages technology to streamline the loan application and underwriting process, offering unsecured personal loans, auto refinancing, and small business loans. In addition to lending products, LendingClub provides high-yield savings accounts and certificates of deposit through its banking charter, following its acquisition of Radius Bank in 2021.

Founded in 2006 by Renaud Laplanche, LendingClub pioneered peer-to-peer lending in the United States, helping to democratize access to credit and investment opportunities.