Happen (HAPN) Stock Overview
Operates as a bank holding company that provides financial and lending services. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
HAPN Community Fair Values
Create NarrativeSee what 39 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Happen, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$17.98 |
| 52 Week High | US$21.67 |
| 52 Week Low | US$12.65 |
| Beta | 1.94 |
| 1 Month Change | -5.17% |
| 3 Month Change | 2.92% |
| 1 Year Change | 36.52% |
| 3 Year Change | 123.63% |
| 5 Year Change | -25.15% |
| Change since IPO | -84.65% |
Recent News & Updates
Seeking Alpha • 7h
Happen, Inc.: Looks A Bit Pricey Now (Rating Downgrade)
Summary Happen, Inc. has surged 83% since April 2025, outperforming the S&P 500 and prompting a reassessment of its valuation. I now rate Happen as a Hold due to its elevated 1.5x tangible book value and highest forward P/E among peers, reducing near-term upside. The recent rebrand, Nasdaq listing, and entry into home improvement lending signal strategic growth, but valuation concerns temper enthusiasm. Solid fundamentals—ROE in the low teens, originations up to $2.69bn, and $0.44 EPS—support the business, but risk/reward is less compelling at current levels. Read the full article on Seeking Alpha
Narrative Update • Jul 09
HAPN: Earnings Power And Buybacks Will Support Stronger Future Returns
Analysts have lifted the 12 month price target for Happen from $22.50 to $23.95, citing updated sector estimates and expectations for stronger earnings power as key drivers of the revision. What’s in the News for Happen Happen Bank reports annual revenue growth of 28.7% over the past five years, with earnings per share growth outpacing revenue and a net cash position, according to recent coverage of the company’s fundamentals.Recent updates
Seeking Alpha • 7h
Happen, Inc.: Looks A Bit Pricey Now (Rating Downgrade)
Summary Happen, Inc. has surged 83% since April 2025, outperforming the S&P 500 and prompting a reassessment of its valuation. I now rate Happen as a Hold due to its elevated 1.5x tangible book value and highest forward P/E among peers, reducing near-term upside. The recent rebrand, Nasdaq listing, and entry into home improvement lending signal strategic growth, but valuation concerns temper enthusiasm. Solid fundamentals—ROE in the low teens, originations up to $2.69bn, and $0.44 EPS—support the business, but risk/reward is less compelling at current levels. Read the full article on Seeking AlphaNarrative Update • Jul 09
HAPN: Earnings Power And Buybacks Will Support Stronger Future Returns
Analysts have lifted the 12 month price target for Happen from $22.50 to $23.95, citing updated sector estimates and expectations for stronger earnings power as key drivers of the revision. What’s in the News for Happen Happen Bank reports annual revenue growth of 28.7% over the past five years, with earnings per share growth outpacing revenue and a net cash position, according to recent coverage of the company’s fundamentals.
Narrative Update • Jun 16
LC: Rebrand To Happen Bank And Product Expansion Will Shape Returns
Analysts have kept their $20.00 price target on LendingClub unchanged, pointing to slightly adjusted assumptions around discount rate, revenue growth, profit margin, and forward P/E that offset each other in their valuation work. What’s in the News for LendingClub LendingClub plans to rebrand as Happen Bank, reflecting its shift toward a broader digital bank model that goes beyond personal lending, according to recent company announcements.Narrative Update • Jun 02
LC: Higher Margins And Rebranding To Happen Bank Will Shape Returns
Analysts have kept LendingClub's fair value estimate steady at $20.00 while modestly adjusting underlying assumptions such as discount rate, revenue outlook, profit margin, and future P/E to reflect updated views on the business mix and risk profile. What's in the News LendingClub reported Q1 2026 earnings per share of $0.44, above consensus estimates, with loan originations up 31% year over year and net income described as having risen by a very large multiple.
Narrative Update • May 16
LC: Higher Margins And Buybacks Will Support Stronger Future EPS
Analysts maintained their fair value estimate for LendingClub at $28.08, making only modest tweaks to inputs such as the discount rate, revenue growth, profit margin, and future P/E. These small model adjustments suggest that the stock's risk and earnings profile is viewed as largely unchanged.Narrative Update • May 01
LC: Higher Margins And Buybacks Will Support Stronger Future Returns
Analysts have nudged their price target on LendingClub up from $26.00 to about $28.08. This reflects updated views on slightly lower revenue growth assumptions, a modestly reduced discount rate, improved profit margin expectations, and a small adjustment to the forward P/E multiple.Narrative Update • Apr 17
LC: Buybacks And 2026 Earnings Outlook Will Support Future Returns
Analysts have trimmed their price target for LendingClub from $24.20 to $22.50, linking the change to updated assumptions around a slightly higher discount rate, modestly different revenue growth and profit margin expectations, and a lower future P/E multiple. What's in the News LendingClub issued earnings guidance for the first quarter of 2026, targeting diluted EPS in a range of $0.34 to $0.39 (corporate guidance).Narrative Update • Apr 03
LC: Higher Margins And EPS Guidance Will Support Future Rerating
Analysts have reduced their fair value estimate for LendingClub from $21.00 to $20.00, citing updated assumptions on the discount rate, revenue growth, profit margin, and future P/E ratio that in their view better reflect the current risk and earnings profile. What's in the News LendingClub reported net charge offs of $40,074,000 for the fourth quarter ended December 31, 2025, compared with $45,977,000 a year earlier (Key Developments).Narrative Update • Mar 19
LC: Higher Margins And Share Repurchases Will Drive Future Rerating
Analysts are maintaining their $21.00 price target for LendingClub. They cite only marginal adjustments to the discount rate, revenue growth assumptions, profit margin outlook, and future P/E expectations as reasons for keeping their view steady.Narrative Update • Mar 05
LC: Higher Margins And Credit Trends Will Drive ReRating
Analysts have increased their price target on LendingClub from $12.00 to $21.00, citing updated assumptions that include a higher projected profit margin and a future P/E of about 8.8, while also reflecting changes in their revenue growth outlook and discount rate assumptions. What's in the News LendingClub reported fourth quarter 2025 net charge offs of US$40,074,000, compared with US$45,977,000 a year earlier (company update).Narrative Update • Feb 19
LC: Share Repurchases And Stable Margins Will Support Returns Through 2026
LendingClub's analyst price target holds steady at $24.20, with analysts pointing to only minor tweaks in the discount rate and future P/E assumptions, rather than any shift in their core outlook on revenue growth or profitability. What's in the News LendingClub reported fourth quarter 2025 net charge offs of US$40,074,000, compared with US$45,977,000 for the same quarter a year earlier (company filing).Narrative Update • Feb 05
LC: Share Repurchases And Higher Margins Will Support Returns Through 2026
Analysts have nudged their fair value estimate for LendingClub to US$24.20 from US$23.82, reflecting updated assumptions around slightly lower revenue growth, a modestly higher profit margin outlook, and a small shift in the discount rate and future P/E input. What's in the News LendingClub issued earnings guidance for the first quarter of 2026, projecting diluted EPS in a range of $0.34 to $0.39 (company guidance).Narrative Update • Jan 22
LC: Share Repurchases Will Support Returns As Profit Margins Strengthen Through 2026
Analysts have lifted their fair value estimate for LendingClub from about US$22.45 to roughly US$23.82 per share, citing updated assumptions for revenue growth, profit margins and a lower discount rate, along with a modestly lower future P/E multiple in their models. What's in the News LendingClub Corporation announced a share repurchase program for up to US$100 million of its common stock, with the authorization running through December 31, 2026 (Key Developments).Narrative Update • Jan 08
LC: Share Repurchases And Stronger Margins Will Support Returns Through 2026
Analysts have slightly lifted their price target for LendingClub to around US$22, up from about US$22 previously. This reflects updated assumptions for revenue growth, profitability and a modestly lower future P/E multiple.Narrative Update • Dec 24
LC: Higher Long Term Margins And Buybacks Will Drive Stronger Returns
LendingClub's analyst price target has been raised from approximately $19.50 to $26.00, as analysts now expect lower valuation multiples and slightly slower growth to be more than offset by a substantially higher long term profit margin profile. What's in the News LendingClub's Board of Directors has authorized a new share repurchase plan, allowing the company to buy back up to $100 million of its common stock through December 31, 2026 (Key Developments) The share repurchase authorization, approved on November 4, 2025, reflects management's view of the company and its valuation (Key Developments) For the fourth quarter of 2025, LendingClub expects pre provision net revenue of $90 million to $100 million, representing growth of approximately 21% to 35% (Key Developments) LendingClub has scheduled an analyst and investor day to discuss its strategic vision, product roadmap and recent financial performance (Key Developments) Valuation Changes The fair value estimate increased from approximately $19.50 to $26.00, rising significantly on expectations of a structurally higher long term profitability profile.Narrative Update • Dec 10
LC: Share Repurchases Will Drive Stronger Returns Through 2026
Analysts have nudged their price target on LendingClub slightly higher to approximately 22.18 dollars from around 21.91 dollars, citing modest improvements in fair value assumptions and expectations for a marginally higher future earnings multiple. What's in the News LendingClub Corporation has launched a share repurchase program authorizing the buyback of up to 100 million dollars of common stock, with the program running through December 31, 2026 (company announcement).Narrative Update • Nov 26
LC: Share Repurchase Plan Will Support Stronger Returns Through 2026
Analysts have maintained LendingClub’s fair value estimate at $21.91 per share, citing improved revenue growth projections, which are balanced by a slightly lower profit margin outlook and a reduced discount rate. What's in the News LendingClub Corporation has announced a share repurchase program, authorizing the company to repurchase up to $100 million of its common stock through December 31, 2026.Narrative Update • Nov 12
LC: Share Buyback Authorization Will Drive Stronger Returns Through 2026
Analysts have raised their price target for LendingClub from $20.25 to $21.91. They cite improved revenue growth projections, despite slight changes in discount rate and profitability estimates.Analysis Article • Nov 06
Investors Appear Satisfied With LendingClub Corporation's (NYSE:LC) Prospects As Shares Rocket 29%
LendingClub Corporation ( NYSE:LC ) shareholders have had their patience rewarded with a 29% share price jump in the...Narrative Update • Oct 28
Digital Banking and Hybrid Model Will Drive Wider Consumer Access Tomorrow
Analysts have raised their price target for LendingClub from $18.65 to $20.25. They cited improved revenue growth and profit margin forecasts as key drivers for the update.Narrative Update • Oct 14
Digital Banking And Hybrid Model Will Expand Consumer Access
Analysts have raised their price target for LendingClub from $17.95 to $18.65, citing modest improvements in profit margin expectations even as they anticipate lower revenue growth. What's in the News LendingClub will hold an Analyst/Investor Day to discuss its strategic vision, product innovations, and financial performance (Key Developments).Analysis Article • Aug 05
After Leaping 28% LendingClub Corporation (NYSE:LC) Shares Are Not Flying Under The Radar
NYSE:LC 1 Year Share Price vs Fair Value Explore LendingClub's Fair Values from the Community and select yours Despite...Seeking Alpha • Apr 23
LendingClub: Cheap For A Reason Or A Mispriced FinTech?
Summary LendingClub is one of the oldest publicly traded FinTechs around, with a banking charter to boot, lowering deposit costs in comparison to its FinTech peers. The company and its peers have seen significant volatility since the COVID and stimulus years, with the macro and rate environment looking equally unpredictable today. LendingClub is trading at 0.86x book value, but at a rather meagre 2.9% ROE in the last quarter, with unimpressive growth in originations and stiff competition in the lending space. Management has been conservative, and I think even minor macro tailwinds along with internal execution could bring valuation up to book value, warranting a small position. Read the full article on Seeking AlphaSeeking Alpha • Mar 16
LendingClub: Promising Long-Term, But Don't Hold A Falling Knife
Summary LendingClub Corporation's stock fell from $18.75 to $10 in Q4 2024, prompting a "hold" position due to uncertain market conditions. LC's financials show improved revenue and asset growth, but ongoing FTC litigation and increased compliance costs pose significant risks. Valuations indicate LC is undervalued compared to competitors, with a forward P/E of 13.82x and PB ratio of 0.91x. Despite promising qualitative developments, the stock's sharp decline suggests waiting is prudent to avoid potential further losses. Read the full article on Seeking AlphaAnalysis Article • Feb 25
LendingClub Corporation (NYSE:LC) Shares Slammed 27% But Getting In Cheap Might Be Difficult Regardless
The LendingClub Corporation ( NYSE:LC ) share price has fared very poorly over the last month, falling by a substantial...Seeking Alpha • Feb 20
LendingClub: Lowering 2026 Estimates And Reiterating Buy
Summary LendingClub reported solid 4Q24 earnings, but guidance came in below expectations, causing the stock to sell off after earnings. Management recently announced it received an investment grade rating on the senior note of its structured certificates, enabling the company to sell these notes to insurance companies. Selling the senior notes to insurance companies should lead to better pricing on loan sales. I revised my 2025 and 2026 EPS estimates, leaving 2025 unchanged and lowering 2026 due to several factors. Read the full article on Seeking AlphaSeeking Alpha • Feb 10
LendingClub: Remaining Bullish After Mixed Update
Summary LendingClub's stock fell 20% post-earnings due to mixed results and guidance, presenting a buying opportunity for long-term investors. Despite concerns over loan origination growth, LC focuses on high credit quality and prudent growth, aiming for >$2.3 billion in 2025. Valuation remains low, and if 2025 guidance is conservative, the stock could see significant upside, currently trading at ~1.2x book value. Risks include the pace of loan originations and credit quality; however, the long-term growth opportunity and disciplined approach remain attractive. Read the full article on Seeking AlphaSeeking Alpha • Jan 30
LendingClub: Not The Destination
Summary LendingClub disappointed the market with conservative guidance for 2025. The fintech's potential remains high, with plans to double loan originations over time and expand into new investment products, including a rated structured certificate program. LC stock is attractive at less than 10x peak earnings potential, but patience is required for full growth realization. Read the full article on Seeking AlphaSeeking Alpha • Jan 21
Initiating Buy On LendingClub: Lower Interest Rates And Excess Capital Present Opportunity
Summary Since acquiring Radius Bank in 2021, LendingClub's stock has been volatile. The high interest rate environment proved challenging, but the company has begun to turn the corner thanks to a more stable rate environment and the potential for further interest rate cuts. LendingClub can grow earnings significantly in 2025/2026 as loan originations ramp and bank buyers return to the marketplace. The company exited an operating agreement with the OCC in 2024 and now has significant excess capital it can use to drive earnings. Read the full article on Seeking AlphaSeeking Alpha • Jan 05
LendingClub: Joining The Club For 2025
Summary LendingClub remains an attractive investment due to significant growth opportunities, strong execution, and a valuation below historical norms, despite a strong 2024 performance. The company has evolved from a P2P lender to a mature financial institution, offering diverse loan products across personal, business, auto, and banking services. LendingClub's focus on consumer education and innovative solutions like DebtIQ and Tally positions it to capitalize on rising credit card debt and high interest rates. Read the full article on Seeking AlphaSeeking Alpha • Dec 19
LendingClub: The Historic Debt Consolidation Opportunity Has Just Started
Summary I believe the 750 bps spread between credit card rates and personal loan rates will drive continued demand for debt consolidation loans, leading to double-digit origination fee growth in 2025. The 75 bps Fed's rate cuts have made the returns on LendingClub’s loans significantly more attractive than US Treasuries, increasing demand from banks and asset managers. Despite a 73% rally, I find LendingClub’s P/B ratio of 1.48 remains undervalued relative to its 2021 highs and industry peers. Risk factors include the 5.4% net charge-off ratio, which is above industry standards. I would keep a close eye on this ratio moving forward. Overall, I rate LendingClub as a Buy due to favorable debt consolidation trends, increasing loan sales, and attractive valuation, with a price target of $25. Read the full article on Seeking AlphaShareholder Returns
| HAPN | US Consumer Finance | US Market | |
|---|---|---|---|
| 7D | -8.8% | -2.9% | -1.4% |
| 1Y | 36.5% | 2.2% | 16.4% |
Return vs Industry: HAPN exceeded the US Consumer Finance industry which returned 2.2% over the past year.
Return vs Market: HAPN exceeded the US Market which returned 16.4% over the past year.
Price Volatility
| HAPN volatility | |
|---|---|
| HAPN Average Weekly Movement | 6.5% |
| Consumer Finance Industry Average Movement | 6.7% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: HAPN has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: HAPN's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2006 | 1,075 | Scott Sanborn | www.happen.com |
Happen, Inc. operates as a bank holding company that provides financial and lending services. The company offers deposit products including savings accounts, checking accounts, and certificates of deposit, and provides consumer loan products such as unsecured loans, fixed-rate and fixed-term loans, secured auto refinance loans, personal loans for credit card refinancing and debt consolidation, and financing for health and wellness, home improvement, retail services, and large expenses. The company also offers commercial lending including small business loans and SBA loans.
Happen, Inc. Fundamentals Summary
| HAPN fundamental statistics | |
|---|---|
| Market cap | US$2.17b |
| Earnings (TTM) | US$175.61m |
| Revenue (TTM) | US$1.37b |
11.8x
P/E Ratio1.5x
P/S RatioIs HAPN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HAPN income statement (TTM) | |
|---|---|
| Revenue | US$1.37b |
| Cost of Revenue | US$248.88m |
| Gross Profit | US$532.47m |
| Other Expenses | US$356.86m |
| Earnings | US$175.61m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 27, 2026
| Earnings per share (EPS) | 1.52 |
| Gross Margin | 38.81% |
| Net Profit Margin | 12.80% |
| Debt/Equity Ratio | 0% |
How did HAPN perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/23 21:56 |
| End of Day Share Price | 2026/07/23 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Happen, Inc. is covered by 23 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Edward Williams | BMO Capital Markets Equity Research |
| Vincent Caintic | BTIG |
| Michael Graham | Canaccord Genuity |