LendingClub (NYSE:LC) Cut to Hold at Zacks Research

Zacks Research downgraded shares of LendingClub (NYSE:LC) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks.com reports.

LC has been the subject of several other research reports. Wall Street Zen downgraded shares of LendingClub from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Weiss Ratings reissued a “hold (c)” rating on shares of LendingClub in a report on Monday, December 29th. JPMorgan Chase & Co. upped their price objective on shares of LendingClub from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Piper Sandler reaffirmed an “overweight” rating and set a $23.00 price objective on shares of LendingClub in a research note on Thursday, January 29th. Finally, BTIG Research reiterated a “buy” rating and set a $26.00 target price on shares of LendingClub in a 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 company’s stock. According to data from MarketBeat.com, LendingClub presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

LendingClub Trading Down 0.2%

Shares of LC opened at $14.29 on Monday. The stock has a market cap of $1.65 billion, a P/E ratio of 12.42 and a beta of 1.94. LendingClub has a 1 year low of $7.90 and a 1 year high of $21.67. The stock’s 50-day moving average price is $15.79 and its two-hundred day moving average price is $17.21.

LendingClub (NYSE:LC) last announced its quarterly earnings results on Wednesday, January 28th. The credit services provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. LendingClub had a return on equity of 9.47% and a net margin of 13.58%.The company had revenue of $266.47 million during the quarter, compared to analysts’ expectations of $262.88 million. During the same period in the prior year, the business posted $0.08 EPS. LendingClub’s revenue was up 22.7% on a year-over-year basis. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. As a group, equities analysts forecast that LendingClub will post 0.72 EPS for the current year.

Insider Activity

In other LendingClub news, Director Erin Selleck sold 2,390 shares of LendingClub stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $15.46, for a total value of $36,949.40. Following the sale, the director owned 78,767 shares of the company’s stock, valued at $1,217,737.82. This trade represents a 2.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LendingClub

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in LendingClub by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock valued at $221,547,000 after acquiring an additional 516,542 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of LendingClub by 18.8% in the third quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock valued at $120,921,000 after purchasing an additional 1,261,861 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of LendingClub in the fourth quarter valued at approximately $63,580,000. Azora Capital LP lifted its position in shares of LendingClub by 258.2% in the third quarter. Azora Capital LP now owns 2,391,190 shares of the credit services provider’s stock worth $36,322,000 after purchasing an additional 1,723,658 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of LendingClub by 184.1% in the third quarter. Assenagon Asset Management S.A. now owns 2,121,802 shares of the credit services provider’s stock worth $32,230,000 after purchasing an additional 1,375,002 shares in the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.

LendingClub Company Profile

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.