LendingTree (TREE) Getting Somewhat Positive Press Coverage, Report Finds
Media stories about LendingTree (NASDAQ:TREE) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LendingTree earned a news impact score of 0.03 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.5697543002117 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- LendingTree, Inc. (NASDAQ:TREE) Analysts Digging into the Details – Evergreen Caller (evergreencaller.com)
- LendingTree, Inc. (TREE) Director Purchases $1,154,550.00 in Stock (americanbankingnews.com)
- LendingTree Announces Starbutter AI as Winner of $25,000 Startup Innovation Spotlight (finance.yahoo.com)
- BRIEF-LendingTree, Inc. Announces changes to its executive team (reuters.com)
- LendingTree, Inc. (NASDAQ:TREE) Stock Closed 12.1% Above Its 50 Day Average (highlightpress.com)
TREE has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their price target on LendingTree from $160.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Northland Securities reiterated a “buy” rating and set a $150.00 price target on shares of LendingTree in a report on Tuesday, July 25th. Stephens reiterated an “overweight” rating and set a $250.00 price target (up from $200.00) on shares of LendingTree in a report on Sunday, July 30th. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price target (up from $200.00) on shares of LendingTree in a report on Thursday, July 27th. Finally, Zacks Investment Research cut LendingTree from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. LendingTree has a consensus rating of “Buy” and a consensus price target of $183.00.
LendingTree (TREE) opened at 235.90 on Tuesday. LendingTree has a 1-year low of $75.05 and a 1-year high of $236.35. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 110.13 and a beta of 1.55. The company’s 50-day moving average price is $214.79 and its 200 day moving average price is $160.85.
LendingTree (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.17. The business had revenue of $152.80 million during the quarter, compared to the consensus estimate of $135.48 million. LendingTree had a return on equity of 17.01% and a net margin of 5.85%. The business’s revenue for the quarter was up 62.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. On average, equities analysts expect that LendingTree will post $3.82 earnings per share for the current fiscal year.
In other LendingTree news, Director Peter Horan sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $226.90, for a total transaction of $453,800.00. Following the completion of the sale, the director now owns 31,624 shares of the company’s stock, valued at $7,175,485.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director G Kennedy Thompson purchased 5,000 shares of the stock in a transaction on Thursday, August 31st. The shares were purchased at an average cost of $230.91 per share, with a total value of $1,154,550.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,154,550. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 36,850 shares of company stock valued at $6,623,413. Company insiders own 21.90% of the company’s stock.
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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