New insider activity at LendingClub ( (LC) ) has taken place on February 6, 2025.
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Director Michael Zeisser has made a significant purchase of 20,000 shares of LendingClub stock, valued at $257,600.
Recent Updates on LC stock
LendingClub’s stock experienced a significant decline of 18.4% following its recent earnings call. The company reported a positive outlook on growth in originations, deposit expansion, and strong marketplace demand, highlighted by achievements such as exiting its bank operating agreement. However, despite these positive developments, the company faced financial challenges including increased provisions for credit losses and higher non-interest expenses. Analysts lowered LendingClub’s price targets, attributing the changes to missed consensus earnings per share, financial headwinds, and a cautious guidance for future origination volumes amidst uncertain economic conditions. The mixed sentiment of optimism in strategic achievements and caution in financial projections contributed to the stock’s negative market reaction.
More about LendingClub
YTD Price Performance: -18.29%
Average Trading Volume: 2,047,776
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.48B