LendingTree, Inc. (TREE) Receives Average Recommendation of “Buy” from Brokerages
LendingTree, Inc. (NASDAQ:TREE) has earned an average rating of “Buy” from the fourteen research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $183.07.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of LendingTree from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada lifted their target price on shares of LendingTree from $160.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Stephens reiterated an “overweight” rating and set a $250.00 target price (up from $200.00) on shares of LendingTree in a research report on Sunday, July 30th. Northland Securities reiterated a “buy” rating and set a $150.00 target price on shares of LendingTree in a research report on Tuesday, July 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $250.00 price target (up previously from $200.00) on shares of LendingTree in a research report on Thursday, July 27th.
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In other news, Director Steven Ozonian sold 2,500 shares of LendingTree stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $145.26, for a total value of $363,150.00. Following the completion of the sale, the director now owns 15,446 shares in the company, valued at approximately $2,243,685.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Interactive Corp Liberty acquired 450,000 shares of the stock in a transaction dated Tuesday, June 6th. The stock was bought at an average price of $170.70 per share, with a total value of $76,815,000.00. The disclosure for this purchase can be found here. Insiders sold a total of 118,145 shares of company stock valued at $18,548,851 in the last quarter. 21.90% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in TREE. State of Alaska Department of Revenue raised its stake in shares of LendingTree by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 800 shares of the financial services provider’s stock worth $100,000 after buying an additional 20 shares during the period. Meeder Asset Management Inc. raised its stake in shares of LendingTree by 2,685.7% in the second quarter. Meeder Asset Management Inc. now owns 780 shares of the financial services provider’s stock worth $135,000 after buying an additional 752 shares during the period. SG Americas Securities LLC acquired a new stake in shares of LendingTree during the second quarter worth approximately $148,000. BNP Paribas Arbitrage SA raised its stake in shares of LendingTree by 14.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,339 shares of the financial services provider’s stock worth $168,000 after buying an additional 168 shares during the period. Finally, Invictus RG acquired a new stake in shares of LendingTree during the first quarter worth approximately $179,000. Institutional investors own 75.33% of the company’s stock.
LendingTree (NASDAQ TREE) opened at 233.45 on Friday. The company has a 50-day moving average of $180.38 and a 200 day moving average of $142.34. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 108.99 and a beta of 1.58. LendingTree has a one year low of $75.05 and a one year high of $234.15.
LendingTree (NASDAQ:TREE) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.73 by $0.17. LendingTree had a net margin of 5.85% and a return on equity of 17.01%. The business had revenue of $152.80 million for the quarter, compared to the consensus estimate of $135.48 million. During the same period last year, the company earned $0.92 EPS. The firm’s revenue was up 62.0% compared to the same quarter last year. On average, analysts anticipate that LendingTree will post $3.82 EPS for the current year.
LendingTree Company Profile
LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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