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Happen
(NASDAQ:HAPN)
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Rating:69Neutral
Price Target:
$21.00
▲(20.41% Upside)
Action:Reiterated
Date:06/23/26
The score is lifted by strong earnings-call execution and guidance, plus constructive technical momentum and a reasonable P/E. The primary offset is financial quality risk from persistently large negative operating and free cash flow despite improved profitability and a strong, low-leverage balance sheet.
Positive Factors
Improving profitability and margins
Sustained margin expansion and stronger profitability provide a durable earnings buffer that supports reinvestment, capital returns, and resilience through credit cycles. Higher EBITDA and net margins improve operating leverage, enabling the company to fund growth and absorb periodic credit or rate shocks over months.
Negative Factors
Weak cash conversion (negative operating and free cash flow)
Persistent negative operating and free cash flow undermines financial flexibility and forces dependence on deposits, securitizations, or equity actions to fund growth and investments. If prolonged, weak cash conversion constrains capital deployment, increases funding risk in tighter markets, and limits ability to sustain buybacks or discretionary spend.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability and margins
Sustained margin expansion and stronger profitability provide a durable earnings buffer that supports reinvestment, capital returns, and resilience through credit cycles. Higher EBITDA and net margins improve operating leverage, enabling the company to fund growth and absorb periodic credit or rate shocks over months.
Read all positive factors
Happen Key Performance Indicators (KPIs)
Any
Revenue by Segment
Shows how different parts of the business contribute to overall sales, highlighting which areas are driving growth and which might need strategic adjustments.
Shows how different parts of the business contribute to overall sales, highlighting which areas are driving growth and which might need strategic adjustments.
Data provided by:
The Fly
The FlyHappen (HAPN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.27B
Dividend YieldN/A
Average Volume (3M)2.22M
Price to Earnings (P/E)12.6
Beta (1Y)1.49
Revenue Growth17.38%
EPS Growth237.98%
CountryUS
Employees1,075
SectorFinancial
Sector Strength70
IndustryBanks
Share Statistics
EPS (TTM)1.53
Shares Outstanding115,350,920
10 Day Avg. Volume1,393,966
30 Day Avg. Volume2,221,266
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)1.46
Price to Sales (P/S)1.64
P/FCF Ratio-0.76
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$22.70Price Target Upside30.16% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1.74
Revenue Forecast (FY)$1.06B
Happen Business Overview & Revenue Model
Company Description
Happen, Inc., operates as a bank holding company, that provides range of financial products and services in the United States. [8, 24, 33, 52, 60, 62] It offers deposit products, including savings accounts, checking accounts, and certificates of d...
How the Company Makes Money
LendingClub primarily makes money through (1) net interest income and (2) non-interest (fee and other) income tied to loan origination, loan sales, and servicing. Net interest income is earned when loans are retained on the balance sheet and funde...
Happen Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.30B | 1.33B | 1.16B | 1.14B | 1.27B | 898.63M |
| Gross Profit | 871.36M | 863.75M | 608.74M | 621.05M | 919.89M | 679.83M |
| EBITDA | 264.53M | 369.90M | 118.37M | 101.81M | 196.87M | 62.73M |
| Net Income | 175.61M | 135.68M | 51.33M | 38.94M | 289.69M | 18.58M |
Balance Sheet | ||||||
| Total Assets | 11.94B | 11.57B | 10.63B | 8.83B | 7.98B | 4.90B |
| Cash, Cash Equivalents and Short-Term Investments | 804.92M | 917.65M | 4.41B | 2.87B | 1.40B | 950.66M |
| Total Debt | 59.74M | 15.83M | 28.50M | 57.22M | 210.19M | 429.99M |
| Total Liabilities | 10.42B | 10.07B | 9.29B | 7.58B | 6.82B | 4.05B |
| Stockholders Equity | 1.52B | 1.50B | 1.34B | 1.25B | 1.16B | 850.24M |
Cash Flow | ||||||
| Free Cash Flow | -3.16B | -2.87B | -2.69B | -1.20B | 306.09M | 205.46M |
| Operating Cash Flow | -3.01B | -2.73B | -2.63B | -1.14B | 375.57M | 239.87M |
| Investing Cash Flow | 1.66B | 1.93B | 607.81M | 516.70M | -2.81B | -454.41M |
| Financing Cash Flow | 1.24B | 747.82M | 1.71B | 789.57M | 2.80B | 349.64M |
Happen Technical Analysis
Neutral
17.44
Price Trends
18.04
Positive
16.72
Positive
17.30
Positive
Market Momentum
0.44
Positive
50.25
Neutral
47.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HAPN, the sentiment is Neutral. The current price of 17.44 is below the 20-day moving average (MA) of 19.72, below the 50-day MA of 18.04, and above the 200-day MA of 17.30, indicating a neutral trend. The MACD of 0.44 indicates Positive momentum. The RSI at 50.25 is Neutral, neither overbought nor oversold. The STOCH value of 47.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HAPN.
Happen Risk Analysis
Happen disclosed 55 risk factors in its most recent earnings report. Happen reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Happen Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $1.16B | 3.66 | 5.33% | 5.20% | 0.84% | -12.02% | |
69 Neutral | $2.27B | 12.57 | 11.92% | ― | 17.38% | 237.98% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
48 Neutral | $814.89M | -14.18 | -2.45% | 4.95% | -20.89% | -217.55% | |
| ― | $1.34B | -7.42 | -67.58% | ― | 75.04% | -679.87% | |
| ― | $2.33B | -3.05 | -2.37% | ― | ― | ― |
* Financial Sector Average
HAPN
Happen
19.23
6.42
50.12%
NAVI
Navient
8.65
-4.73
-35.36%
AHG
Akso Health Group Sponsored ADR
1.51
-0.51
-25.25%
FINV
FinVolution Group
4.76
-4.68
-49.59%
LU
Lufax Holding
1.39
-1.52
-52.23%
Happen Corporate Events
Business Operations and StrategyDelistings and Listing Changes
LendingClub Rebrands as Happen, Shifts to Nasdaq
Positive
Jun 22, 2026
On June 22, 2026, LendingClub Corporation formally changed its corporate name to Happen, Inc., and rebranded its wholly owned banking subsidiary as Happen Bank, National Association, marking a strategic evolution of its digital banking franchise. ...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
LendingClub Shareholders Approve Board, Pay and Governance Changes
Positive
Jun 4, 2026
On June 2, 2026, LendingClub held its annual meeting of stockholders, with 79.66% of outstanding common shares represented, and shareholders elected three Class III directors — Kathryn Reimann, Scott Sanborn and Michael Zeisser — to te...
Business Operations and StrategyDelistings and Listing Changes
LendingClub Shifts Stock Listing to Nasdaq Amid Rebrand
Positive
Jun 2, 2026
On June 2, 2026, LendingClub announced it will voluntarily move its stock listing from the New York Stock Exchange to the Nasdaq Global Select Market, with NYSE trading expected to end on June 18, 2026 and Nasdaq trading to begin on June 22, 2026 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.