HAPPEN INC (HAPN)
Financials · digital banking and consumer lending · NASDAQ
A digital marketplace bank connecting borrowers with financial solutions through a proprietary online platform.
What HAPPEN INC does
Happen, Inc. (formerly LendingClub Corporation) operates as a digital marketplace bank that provides an online platform for unsecured personal loans, auto loans, and small business loans. The company facilitates loans through Happen Bank, National Association, and offers a structured program for asset-backed securitization for institutional investors.
Themes: fintech, digital banking, marketplace lending, consumer finance, securitization
Fundamentals
- Price$18.25 as of 2026-08-24 close
- Market cap$2.1B as of 2026-08-24
- 1-year return+11.9% 2025-08-22 close $16.31 → 2026-08-24 close $18.25
- P/E11.00 as of 2026-08-24
- Net margin+19.7% as of 2026-08-24
- Gross margin+70.9% as of 2026-08-24
- ROE+12.9% as of 2026-08-24
- Debt / equity6.87 as of 2026-08-24
- Revenue growth (YoY)-37.4% as of 2026-08-24
- Revenue CAGR (3y)-18.2% SEC XBRL
- Beta2.02 as of 2026-08-24
- Last reported earnings2026-07-27 SEC EDGAR Form 8-K (Item 2.02)
Dividend: pays a dividend.
How HAPN compares in its sector
- price-to-earnings ratiomiddle range 513 covered Financials peers, as of 2026-08-24
- net profit marginmiddle range 538 covered Financials peers, as of 2026-08-24
- operating marginmiddle range 534 covered Financials peers, as of 2026-08-24
- gross marginmiddle range 176 covered Financials peers, as of 2026-08-24
- return on equitymiddle range 575 covered Financials peers, as of 2026-08-24
- 3-year revenue CAGRbottom 10% 347 covered Financials peers
- free cash flow (absolute dollars, latest fiscal year)bottom 10% 431 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
HAPN is not currently in any published Top 10 list. Its scores are below.
Long-term score
Not scored for the long-term list: no shareholder return data.
Short-term score
39.0 #1435 of 1,704 scored · #252 of 277 in Financials
Catalysts 64th: open-market insider buys in 90 days 22, analysts' average price target is unchanged from the prior reading; momentum 48th: near the bottom of its 14-day range (oversold); weakest is volume and participation 6th: trading volume is about normal versus its 30-day average.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which HAPN reported a dividend payment is FY2020, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2020 ratio would not describe HAPN today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2020) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
How HAPPEN INC looks technically
HAPPEN INC (HAPN) is trading 4.3% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 42 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 16, below the 25 that marks a real trend), though sellers have been pushing harder than buyers lately — pressure, not a trend. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 43, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 10 trading days ago (its momentum flipped negative). It made a new 20-day low about 2 trading days ago.
Trend
8
| Distance from the 200-day | it is trading 4.3% above its 200-day average, the long-term trend line — a longer-term uptrend | +4.3% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $19.30 | $19.30 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $17.66 | $17.66 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 17 calendar days ago — the swings before that are what the structure reading is measured on | 17 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 21.251. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 42 trading days ago — a "golden cross", a bullish long-term signal | 42 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 16, below the 25 that marks a real trend), though sellers have been pushing harder than buyers lately — pressure, not a trend | 16.1 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 43, neither overbought (above 70) nor oversold (below 30) | 43.2 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($17.78 to $21.25) — its "stochastic" reading is 18 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 18.4 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 10 trading days ago (its momentum flipped negative) | 10 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $21.67 | $21.67 |
|---|---|---|
| From the 52-week high | it is 15.0% below its 52-week high (its highest price of the past year) | -15.0% |
| Above the 52-week low | it is 41.1% above its 52-week low (its lowest price of the past year) | +41.1% |
| Below the 52-week high | it is 15.0% below its highest point of the past year | 15.0% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day high about 14 trading days ago | 14 sessions |
| All-time high | its highest closing price on record is $146.45 (set on 2014-12-18) | $146.45 |
| Given back of the 52-week move | over the past year its closes ranged ($13.32 to $21.58), and it has recovered a bit over half of its fall from last year’s high — 62% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $18.42 to $18.69. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 61.7% |
| From the all-time high | it is 87.4% below its all-time high | -87.4% |
| Nearest price level | it is sitting right on a resistance level at $18.44 — a price it turned at three times since 2025-12-17, most recently on 2026-07-08. Since 2024-08-21 it has 11 such levels below the current price and 4 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.1% |
| All-time low | its lowest closing price on record is $4.32 (set on 2020-06-26) | $4.32 |
| Above the all-time low | it is 326.9% above its all-time low | +326.9% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 33rd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.6897 between its high and its low — about 3.7% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.6897 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $17.86 and $20.71 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $17.86 – $19.28 – $20.71 |
| Typical daily range (% of price) | its price moves about 3.7% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.7% |
| Stretch from the 200-day average | it is trading 1.1 daily ranges above its 200-day average price (4.3% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.1 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.51× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
1
| Since a bearish engulfing | 8 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 8 sessions ago |
|---|
Price gaps
2
| Gap at the open | it opened on 2026-08-21 1.3% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and had not traded back through that level by the close | +1.3% |
|---|---|---|
| Gap filled | a 4.3% gap up opened on 2026-07-28 has been "filled" 18 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 18 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 6.6 percentage points (the stock lost 4.3% while the market gained 2.3%) | -6.6% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 13.8 percentage points (the stock gained 16.9% while the market gained 3.1%) | +13.8% |
| vs market, 6 months | over the past 6 months this stock beat the market by 2.2 percentage points (the stock gained 13.3% while the market gained 11.1%) | +2.2% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 0.6 percentage points (the stock gained 19.9% while the market gained 20.5%) | -0.6% |
Signal agreement
2
| Bullish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, outperforming the market over 6 months, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 4 of 9 |
|---|---|---|
| Bearish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bearish state: a fresh 20-day low, MACD momentum is negative — these describe past price behaviour, not a forecast | 2 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading inside the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-15 and projected forward over today's price, the zone traders read as unresolved — neither side has established a trend, and the band is where that gets settled. The band itself is moderate, spanning 7.4% of the share price. | 0.0% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 5% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $17.46 — a volume-weighted average of daily closes over 159 sessions, not a true tick-by-tick VWAP. | +5.5% |
|---|---|---|
| Vs the average paid since it last reported | the price is 4% below the average price paid since it last reported on 2026-07-27 (its 8-K), so the typical buyer over that stretch is under water. That average is $19.27 — a volume-weighted average of daily closes over 20 sessions, not a true tick-by-tick VWAP. | -4.4% |
Price levels it has turned at before
HAPN last closed at $18.42 on 2026-08-21. Since 2024-08-21 it has turned at 11 prices below its last close and 4 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $18.44 | Resistance | 0.1% above the last close | turned there three times · 2025-12-17 to 2026-07-08 |
| $18.79 | Resistance | 2.0% above the last close | turned there three times · 2024-12-17 to 2026-04-28 |
| $17.84 | Support | 3.2% below the last close | turned there four times · 2025-01-06 to 2026-07-23 |
| $17.33 | Support | 5.9% below the last close | turned there five times · 2024-11-29 to 2026-05-06 |
| $16.79 | Support | 8.8% below the last close | turned there twice · 2025-10-30 to 2026-02-26 |
| $20.42 | Resistance | 10.9% above the last close | turned there twice · 2025-12-22 to 2026-06-17 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $21.25.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Broke down to a new 20-day low · trendless / choppy (low ADX) · At the bottom of its 14-day range (stochastic below 20) · Near the golden pocket (has given back about two thirds of its 52-week move) · Under water since its last earnings report (below the anchored VWAP) | Learn: moving average · golden cross · adx · rsi · macd · breakout
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$24.78 range $22.00 – $29.00; median $25.00
Analyst estimates, as of 2026-08-21. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for HAPN
- Consensus EPS estimate$0.4614 next reporting period, as of 2026-08-21
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Regulatory and compliance risks involving evolving laws and banking examinations","Credit risk and the requirement to maintain adequate allowances for loan losses","Capital and liquidity management requirements under Basel III standards"]
What changed in the latest 10-Q
AI-assisted comparison of HAPN's 10-Q filed 2026-04-30 against the prior one filed 2025-10-30.
Management's Discussion & Analysis (MD&A)
- Added:
- New section on 'Loans at Fair Value' explaining fair value option classification as Level 3 instruments and DCF approach (filed 2026-04-30)
- Description of significant unobservable inputs: Discount Rate, Annualized net credit loss rate, and Annualized prepayment rate (filed 2026-04-30)
- Statement that critical accounting estimates have been updated to incorporate all loans held at fair value, regardless of HFS or HFI classification (filed 2026-04-30)
- Removed:
- Reference to 'Market Risk' section in Annual Report (filed 2025-10-30)
- Discussion of contractual maturities and weighted-average yields on AFS securities portfolio (filed 2025-10-30)
- Section on LendingClub Holding Company interest rate sensitivity measurement and fair value impact (filed 2025-10-30)
- Section on Contingencies with reference to Note 18 (filed 2025-10-30)
- Reworded:
- Item numbering changed: older filing shows 'Item 3. Quantitative and Qualitative Disclosures About Market Risk' while newer shows continuation of Item 7 discussion followed by 'Item 3. Quantitative and Qualitative Disclosures About Market Risk'
- Notes:
- The two filings appear to compare different sections of the MD&A; the older filing excerpt shows broader market risk and contingency discussions while the newer filing focuses specifically on loans at fair value accounting methodology
- The newer filing explicitly states changes were made 'during the first quarter of 2026' to update critical accounting estimates
Risk Factors
- Added:
- Added 'outlook' as an identifier for forward-looking statements (newer filing 2026-04-30)
- Added 'small business loans' to Loan Originations definition (newer filing 2026-04-30)
- Added 'home improvement merchants and contractors' to Unsecured consumer loans platform description (newer filing 2026-04-30)
- Added new 'Unsecured consumer loans' glossary term with expanded platform description (newer filing 2026-04-30)
- Removed:
- Removed 'Annual Report on Form 10-K for the year ended December 31, 2024' and replaced with 'December 31, 2025' (older filing 2025-10-30 vs newer filing 2026-04-30)
- Removed 'Marketplace Loans' glossary term definition (older filing 2025-10-30)
- Removed 'PPNR or Pre-Provision Net Revenue' glossary term and its full definition (older filing 2025-10-30)
- Removed reference to 'CECL standard' from accounting standards bullet point (older filing 2025-10-30)
- Removed 'or disruptions in government operations, including any government shutdown' from political environment bullet (older filing 2025-10-30)
- Removed 'securities in loss positions' language and simplified to just 'AFS investment portfolio' (older filing 2025-10-30)
- Removed 'outline' reference in final bullet point (older filing 2025-10-30, text appears truncated)
- Reworded:
- AUM definition changed from 'serviced by the Company' to 'serviced on the Company's platform' (2026-04-30 vs 2025-10-30)
- AUM definition changed from 'loans held for investment and held for sale by the Company' to 'loans sold to investors as well as loans retained by the Company' (2026-04-30 vs 2025-10-30)
- Loan Originations definition changed from 'Unsecured personal loans and auto refinance loans' to 'Unsecured consumer loans, secured consumer auto loans and small business loans' (2026-04-30 vs 2025-10-30)
- Loan Originations definition changed from 'originated by the Company or facilitated by third-party issuing banks' to same wording but applied to broader loan types (2026-04-30 vs 2025-10-30)
- Structured Program transactions definition changed from 'unsecured personal whole loans' to 'unsecured consumer loans' (2026-04-30 vs 2025-10-30)
- Changed 'accounting standards or policies, including the Current Expected Credit Losses (CECL) standard' to 'accounting standards, policies, elections or methodologies' (2026-04-30 vs 2025-10-30)
- Changed 'our intention not to sell our available for sale (AFS) investment portfolio securities in loss positions' to 'our intention not to sell our available for sale (AFS) investment portfolio securities in loss positions' (removed 'securities in loss positions' qualifier) (2026-04-30 vs 2025-10-30)
- Notes:
- The older filing text appears truncated at the end ('the timeline for occu'), making complete comparison of final forward-looking statement bullet points not fully assessable
- Page number changes from older (Item 1A at page 87) to newer (Item 1A at page 82) reflect document restructuring rather than content removal
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 12 open-market sales by insiders in the last 90 days.
- Last 30 days0 buys · 1 sell ($591192) — 1 selling insider
- Last 90 days0 buys · 12 sells ($6M) — 4 selling insiders
- Last 180 days0 buys · 12 sells ($6M) — 4 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-05. As of 2026-08-25.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about HAPN's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
4 institutional 13F filers reported holding HAPN as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 4
- Reported shares held 15,049,220
- Reported value $215,504,828
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 1 increased, 3 decreased, 1 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
HAPN had 5,148,688 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
HAPN had 4.46% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 2.99 days to cover at the same settlement.
- Reported short interest (shares) 5,148,688
- Short interest (% of shares outstanding) 4.46%
- Prior settlement (shares) 5,252,851
- Reported change -1.98%
- Days to cover (reported) 2.99
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- SoFi Technologies (SOFI)
- Upstart Holdings (UPST)
- Affirm Holdings (AFRM)
- Synchrony Financial (SYF)
- Ally Financial (ALLY)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does HAPPEN INC (HAPN) do?
Happen, Inc. (formerly LendingClub Corporation) operates as a digital marketplace bank that provides an online platform for unsecured personal loans, auto loans, and small business loans. The company facilitates loans through Happen Bank, National Association, and offers a structured program for asset-backed securitization for institutional investors.
What sector is HAPPEN INC (HAPN) in?
HAPPEN INC (HAPN) is classified in the Financials sector. Its industry is digital banking and consumer lending. It trades on NASDAQ.
Does HAPN pay a dividend?
Yes — HAPPEN INC (HAPN) pays a dividend (market data, as of 2026-08-24). Informational only — not financial advice.
Who are HAPPEN INC's (HAPN) competitors?
Notable peers of HAPPEN INC (HAPN) include SoFi Technologies, Upstart Holdings, Affirm Holdings, Synchrony Financial and Ally Financial. This peer set is informational only — not financial advice.
Is HAPPEN INC (HAPN) overbought or oversold right now?
HAPPEN INC (HAPN) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 43, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on HAPN come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-24.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.