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$15.33 as of 2026-10-08 close
- Market cap$1.8B as of 2026-07-17 (share count; price 2026-10-08)
- 1-year return-2.7% 2025-10-08 close $15.76 → 2026-10-08 close $15.33
- P/E9.24 as of 2026-10-08
- ROE+9.0% FY2025, SEC XBRL
- Debt / equity6.87 as of 2026-09-03
- Revenue growth (YoY)-37.4% as of 2026-09-03
- Revenue CAGR (3y)-18.2% SEC XBRL
- Beta2.02 as of 2026-09-03
- 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 ratiobottom 25% 513 covered Financials peers, as of 2026-10-08
- return on equitymiddle range 559 covered Financials peers, as of 2026-09-03
- 3-year revenue CAGRbottom 10% 347 covered Financials peers
- free cash flow (absolute dollars, latest fiscal year)bottom 10% 430 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.
Top 10 score
31.5 #1373 of 1,421 scored · #221 of 226 in Financials
Valuation 83rd (price to book 1.3, price to earnings 10.5) and profitability 42nd (return on equity 9%); weakest is growth (2nd, revenue growth year over year -37.4%, 3-year revenue CAGR -18.2%).
Scores as of 8 Sep 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 4. HAPN was not in the scored universe at the latest run on 8 Oct 2026, so these scores are its last ones.
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 11.7% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed above its 200-day average about 75 trading days ago — a "golden cross", a bullish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 30, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 38, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 5 trading days ago (its momentum flipped positive). It made a new 20-day low about 7 trading days ago. It is 29.3% below its highest point of the past year. Trading volume is running unusually high — about 2.3× its 30-day average, a sign of heightened interest.
Trend
7
| Distance from the 200-day | it is trading 11.7% below its 200-day average, the long-term trend line — a long-term downtrend | -11.7% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $17.43 | $17.43 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $17.37 | $17.37 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing low 8 calendar days ago — the swings before that are what the structure reading is measured on | 8 sessions |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 75 trading days ago — a "golden cross", a bullish long-term signal | 75 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 30, with sellers in control | 30.1 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 38, neither overbought (above 70) nor oversold (below 30) | 37.5 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($14.56 to $16.52) — its "stochastic" reading is 39 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. | 39.3 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 5 trading days ago (its momentum flipped positive) | 5 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 29.3% below its 52-week high (its highest price of the past year) | -29.3% |
| Above the 52-week low | it is 17.5% above its 52-week low (its lowest price of the past year) | +17.5% |
| Below the 52-week high | it is 29.3% below its highest point of the past year | 29.3% |
| Since a 20-day breakout | it made a new 20-day low about 7 trading days ago | 7 sessions |
| Since a 55-day breakout | it made a new 55-day low about 7 trading days ago | 7 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 roughly a quarter of its fall from last year’s high — 24% 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. | 24.3% |
| From the all-time high | it is 89.5% below its all-time high | -89.5% |
| Nearest price level | it is trading 1.9% below a resistance level at $15.62 — a price it turned at three times since 2024-10-24, most recently on 2025-11-21. Since 2024-10-08 it has 6 such levels below the current price and 9 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +1.9% |
| 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 255.3% above its all-time low | +255.3% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 35th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.53 between its high and its low — about 3.5% 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 | $0.53 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $14.42 and $16.88 — 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 | $14.42 – $15.65 – $16.88 |
| Typical daily range (% of price) | its price moves about 3.5% 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 | 3.5% |
| Stretch from the 200-day average | it is trading 3.9 daily ranges below its 200-day average price (11.7% below 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 | 3.9 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is running unusually high — about 2.3× its 30-day average, a sign of heightened interest | 2.29× |
|---|
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 | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
3
| Since a doji | 3 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 3 sessions ago |
|---|---|---|
| Since a bullish engulfing | today it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | today |
| Since a bearish engulfing | 9 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 | 9 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-10-08 1.5% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -1.4% |
|---|---|---|
| Gap filled | a 2.5% gap up opened on 2026-10-02 has been "filled" 4 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 4 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 13.4 percentage points (the stock lost 12.3% while the market gained 1.0%) | -13.4% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 22.2 percentage points (the stock lost 18.4% while the market gained 3.8%) | -22.2% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 13.4 percentage points (the stock gained 4.0% while the market gained 17.5%) | -13.4% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 17.7 percentage points (the stock lost 2.7% while the market gained 15.0%) | -17.7% |
Signal agreement
2
| Bullish technical signals | 2 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, MACD momentum is positive — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bearish state: trading below its 200-day average, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 16% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 4.3% of the share price. | -16.2% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 11% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $17.29 — a volume-weighted average of daily closes over 192 sessions, not a true tick-by-tick VWAP. | -11.3% |
|---|---|---|
| Vs the average paid since it last reported | the price is 11% 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 $17.32 — a volume-weighted average of daily closes over 53 sessions, not a true tick-by-tick VWAP. | -11.5% |
Price levels it has turned at before
HAPN last closed at $15.33 on 2026-10-08. Since 2024-10-08 it has turned at 6 prices below its last close and 9 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $15.62 | Resistance | 1.9% above the last close | turned there three times · 2024-10-24 to 2025-11-21 |
| $14.98 | Support | 2.3% below the last close | turned there three times · 2025-08-11 to 2026-05-20 |
| $14.57 | Support | 5.0% below the last close | turned there six times · 2024-11-19 to 2026-09-30 |
| $16.13 | Resistance | 5.2% above the last close | turned there three times · 2024-11-13 to 2026-04-29 |
| $16.75 | Resistance | 9.2% above the last close | turned there three times · 2025-10-30 to 2026-09-01 |
| $13.63 | Support | 11.1% below the last close | turned there three times · 2024-10-15 to 2026-03-30 |
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
No Elliott-wave labelling currently fits its swings: the recent highs and lows do not satisfy the three rules a five-wave count has to obey, so there is no count to show rather than a count we are unsure about.
Read from daily closes as of 2026-10-08.
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 below the 200-day moving average · Pulled back from the 12-month high · Unusually heavy trading volume · MACD just crossed bullish (12/26/9) · lagging the market · Printed a bullish engulfing pair | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low · volume and relative volume
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingStrong Buy (1.50 mean, 1=Strong Buy…5=Strong Sell) — 8 analysts
- Mean price target$24.50 range $20.00 – $29.00; median $25.00
Analyst estimates, as of 2026-10-09. 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$0.4533 next reporting period, as of 2026-10-09
- Estimate change, 30 days-$0.0081 (-1.8%) from $0.4614, on 2026-09-04, 35-day window
- Readings revised upward0% of 9 comparable readings
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 2026-07-30 against the prior one filed 2026-04-30.
Management's Discussion & Analysis (MD&A)
The two filings could not be meaningfully compared for this section.
Risk Factors
- Added:
- Added Exhibit 3.1 description: 'Certificate of Amendment of Eighth Amended and Restated Certificate of Incorporation, effective June 22, 2026', incorporated by reference to Form 8-K filed June 22, 2026.
- Added Exhibit 3.2: 'Ninth Amended and Restated Certificate of Incorporation, effective July 28, 2026', filed with the newer exhibit index.
- Added Exhibit 3.4: 'Third Amended and Restated Bylaws of the Company, effective July 28, 2026', filed with the newer exhibit index.
- Added Exhibit 10.1: 'Non-Employee Director Compensation Policy, effective June 2, 2026', filed with the newer exhibit index.
- Added Exhibit 10.2: '2014 Equity Incentive Plan, as amended and restated on June 8, 2023, and forms of award agreements thereunder', filed with the newer exhibit index.
- Added discussion in Item 5 regarding the Ninth Amended and Restated Certificate of Incorporation and Third Amended and Restated Bylaws, including stockholder approval of the Declassification Amendment and Supermajority Voting Amendment on June 2, 2026, and filing of the Ninth Amended and Restated Certificate and Third Amended and Restated Bylaws on July 28, 2026.
- Removed:
- Removed Exhibit 3.1 description: 'Eighth Amended and Restated Certificate of Incorporation of LendingClub Corporation, effective July 30, 2024', incorporated by reference to Form 10-Q filed August 01, 2024.
- Removed Exhibit 3.2 description: 'Amended and Restated Bylaws of the Company, effective March 22, 2018', incorporated by reference to Form 8-K/A filed June 22, 2018.
- Removed the paragraph in Item 5 describing Scott Sanborn and Andrew LaBenne entering into Rule 10b5-1(c) sales plans in March 2026 and February 2026, respectively, including maximum percentage of equity interest represented by the plans.
- Removed the signature block for the registrant with explicit signatures of Scott Sanborn as Chief Executive Officer and Andrew LaBenne as Chief Financial Officer dated April 30, 2026.
- Reworded:
- The issuer purchases table period changed from first quarter 2026 months (January–March) to second quarter 2026 months (April–June), with different total shares purchased, average price, and approximate dollar value remaining.
- The share repurchase footnote changed from describing January and February 2026 tax-withholding holdbacks ($5.3M and $8.6M, 259,885 and 571,090 shares) and inception-to-March 31, 2026 totals ($38.4M, 2,254,494 shares) to describing May 2026 holdback ($4.1M, 261,458 shares) and inception-to-June 30, 2026 totals ($50.3M, 2,991,083 shares).
- The Rule 10b5-1 trading plan table changed from listing Scott Sanborn, Fergal Stack, Andrew LaBenne, and Jordan Cheng for the first quarter of 2026 with their respective adoption/expiration dates and share counts to listing Fergal Stack, Jordan Cheng, and Erin Selleck for the second quarter of 2026 with different dates and share counts.
- The registrant name in the body changed from LendingClub Corporation / LendingClub to Happen, Inc. / Happen in several locations.
- The Exhibit 3.3 description changed to 'Second Amended and Restated Bylaws of the Company, effective June 22, 2026', incorporated by reference to Form 8-K filed June 22, 2026.
- The unregistered sales statement changed from referring to the three months ended March 31, 2026 to the three months ended June 30, 2026.
- The heading of the repurchase activity table changed from first quarter 2026 to second quarter 2026.
- Notes:
- The provided 'Risk Factors' sections are excerpts that include later Items (2-6) rather than the full Risk Factors discussion; the comparison is limited to the supplied excerpts.
- The newer text appears incomplete or truncated at the signature page.
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 10 open-market sales by insiders in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 30 days · read to 2026-10-040 buys · 1 sell ($119229) — 1 selling insider
- Last 90 days · read to 2026-10-040 buys · 10 sells ($4M) — 5 selling insiders
- Last 180 days · read to 2026-10-040 buys · 21 sells ($9M) — 5 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-09-15. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
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)
5 institutional 13F filers reported holding HAPN as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 15,256,130
- Reported value $316,406,416
reported quarterly holdings change (2026-03-31 → 2026-06-30): 1 new, 3 increased, 1 decreased, 0 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.
Ask about HAPN's institutional holders → See what each manager we track holds →
Short interest (FINRA)
HAPN had 6,356,690 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
HAPN had 5.51% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 5.29 days to cover at the same settlement.
- Reported short interest (shares) 6,356,690
- Short interest (% of shares outstanding) 5.51%
- Prior settlement (shares) 5,742,582
- Reported change 10.69%
- Days to cover (reported) 5.29
Reported to FINRA as of the 2026-09-15 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 2026-09-03). 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 38, in the neutral middle (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on HAPN come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; 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: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.