Shares of LendingTree, Inc. (NASDAQ:TREE) have been given a consensus rating of “Buy” by the thirteen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $188.91.

Several equities analysts have issued reports on the company. William Blair assumed coverage on LendingTree in a report on Wednesday, June 21st. They set an “outperform” rating and a $173.00 price objective on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of LendingTree in a report on Friday, June 9th. Stephens reaffirmed an “overweight” rating and set a $250.00 price objective (up previously from $200.00) on shares of LendingTree in a report on Sunday, July 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price objective (up previously from $200.00) on shares of LendingTree in a report on Thursday, July 27th. Finally, Northland Securities reaffirmed a “buy” rating and set a $150.00 price objective on shares of LendingTree in a report on Tuesday, July 25th.

Shares of LendingTree (NASDAQ:TREE) opened at 227.75 on Friday. The firm has a market cap of $2.73 billion, a PE ratio of 106.33 and a beta of 1.55. The firm’s 50-day moving average price is $227.64 and its 200-day moving average price is $168.19. LendingTree has a 12 month low of $75.05 and a 12 month high of $238.25.

LendingTree (NASDAQ:TREE) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.73 by $0.17. The firm had revenue of $152.80 million for the quarter, compared to analyst estimates of $135.48 million. LendingTree had a return on equity of 17.01% and a net margin of 5.85%. LendingTree’s revenue for the quarter was up 62.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. Analysts expect that LendingTree will post $3.82 earnings per share for the current year.

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In other news, Director Peter Horan sold 2,000 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were 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 in the company, valued at $7,175,485.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas R. Lebda sold 8,000 shares of the stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $179.26, for a total transaction of $1,434,080.00. Following the sale, the chief executive officer now owns 509,506 shares of the company’s stock, valued at approximately $91,334,045.56. The disclosure for this sale can be found here. Insiders have sold 20,850 shares of company stock valued at $3,951,493 in the last quarter. Insiders own 21.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of LendingTree by 117,777.8% during the first quarter. BlackRock Inc. now owns 823,966 shares of the financial services provider’s stock worth $103,284,000 after buying an additional 823,267 shares during the period. Victory Capital Management Inc. boosted its stake in shares of LendingTree by 19.1% during the first quarter. Victory Capital Management Inc. now owns 607,253 shares of the financial services provider’s stock worth $76,119,000 after buying an additional 97,351 shares during the period. Vanguard Group Inc. boosted its stake in shares of LendingTree by 45.6% during the second quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock worth $92,333,000 after buying an additional 167,933 shares during the period. Baillie Gifford & Co. boosted its stake in shares of LendingTree by 39.7% during the second quarter. Baillie Gifford & Co. now owns 336,171 shares of the financial services provider’s stock worth $57,889,000 after buying an additional 95,471 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of LendingTree by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 316,069 shares of the financial services provider’s stock worth $54,428,000 after buying an additional 18,678 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.

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.

Analyst Recommendations for LendingTree (NASDAQ:TREE)

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