<div id="readability-page-1"><p>LendingClub Corporation (NYSE:LC - Get Free Report) CFO Andrew Labenne sold 17,955 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $16.65, for a total value of $298,950.75. Following the transaction, the chief financial officer directly owned 178,111 shares in the company, valued at approximately $2,965,548.15. This trade represents a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.</p><h2>LendingClub Price Performance</h2><ul><li>AI-Powered Lending Stock Surges on Rate Cut Hopes</li></ul><p>LC remained flat at $15.59 during mid-day trading on Friday. 4,147,162 shares of the company's stock were exchanged, compared to its average volume of 1,722,031. The firm has a market cap of $1.78 billion, a PE ratio of 24.36 and a beta of 2.44. The stock's 50-day moving average is $11.82 and its two-hundred day moving average is $11.83. LendingClub Corporation has a 1-year low of $7.90 and a 1-year high of $18.75. </p><p>LendingClub (NYSE:LC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.18. LendingClub had a return on equity of 5.72% and a net margin of 8.36%. The firm had revenue of $248.44 million during the quarter, compared to analyst estimates of $227.04 million. During the same quarter last year, the business posted $0.13 earnings per share. The business's quarterly revenue was up 14.1% compared to the same quarter last year.  On average, research analysts forecast that  LendingClub Corporation will post 0.72 earnings per share for the current year. </p><h2>Analysts Set New Price Targets</h2><ul><li>Top 3 Small Cap Stocks Emerging as Rotation Winners</li></ul><p>A number of analysts have commented on the company. Citizens Jmp assumed coverage on LendingClub in a report on Monday, July 7th. They set a &#34;market perform&#34; rating for the company. Citigroup assumed coverage on LendingClub in a report on Monday, July 7th. They set a &#34;market perform&#34; rating for the company. Stephens initiated coverage on LendingClub in a report on Thursday, June 12th. They set an &#34;overweight&#34; rating and a $15.00 price objective for the company. Wall Street Zen downgraded LendingClub from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research report on Saturday, July 12th. Finally, Piper Sandler  set a $15.50 price target on LendingClub and gave the company an &#34;overweight&#34; rating in a research report on Wednesday. One investment analyst  has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $16.57.</p><p><b>View Our Latest Stock Analysis on LendingClub</b></p><h2>Hedge Funds Weigh In On LendingClub</h2><ul><li>3 Automotive Parts Makers Growing at Double-Digit Rates</li></ul><p>A number of large investors have recently bought and sold shares of the business. Comerica Bank acquired a new position in  LendingClub during the fourth quarter valued at $37,000.  Quarry LP raised its position in shares of  LendingClub by 1,427.2% in the first quarter. Quarry LP now owns 2,810 shares of the credit services provider's stock worth $29,000 after acquiring an additional 2,626 shares during the period.  BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of  LendingClub in the first quarter worth about $35,000.  Sterling Capital Management LLC raised its position in shares of  LendingClub by 818.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,500 shares of the credit services provider's stock worth $57,000 after acquiring an additional 3,119 shares during the period.  Finally, National Bank of Canada FI raised its position in shares of  LendingClub by 150.6% in the fourth quarter. National Bank of Canada FI now owns 4,074 shares of the credit services provider's stock worth $66,000 after acquiring an additional 2,448 shares during the period. Institutional investors own  74.08% of the company's stock. </p><h2>About LendingClub</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than LendingClub</li><li>Why Invest in 5G? How to Invest in 5G Stocks  </li><li>Will Hims &amp; Hers Fall Along With Novo Nordisk?</li><li>Technology Stocks Explained: Here's What to Know About Tech</li><li>Play It Cool: Why Comfort Systems USA Is a Hidden AI Winner</li><li>What Are Dividend Achievers? An Introduction</li><li>Rocket Lab Reports Next Week: Here’s What Investors Should Know</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUxD?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUxD"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in LendingClub Right Now?</h2><p>Before you consider LendingClub, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LendingClub wasn't on the list.</p><p>While LendingClub currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>LendingClub Corporation CFO Andrew Labenne sold 17,955 shares of the company's stock for $298,950.75 at an average price of $16.65 on July 30th. This sale reduced his ownership by 9.16%, leaving him with 178,111 shares valued at approximately $2.97 million. The transaction was disclosed to the SEC. LendingClub's stock remained flat at $15.59 during mid-day trading, with a market cap of $1.78 billion and a PE ratio of 24.36. Analysts have mixed ratings on the stock, with an average target price of $16.57.</p>

LendingClub Corporation (NYSE:LC) CFO Sells $298,950.75 in Stock