Somewhat Positive Press Coverage Somewhat Unlikely to Impact LendingTree (TREE) Stock Price
Media stories about LendingTree (NASDAQ:TREE) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. LendingTree earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.2128619035519 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- LendingTree, Inc. (TREE) CEO Sells $1,034,720.00 in Stock (americanbankingnews.com)
- Will LendingTree Wither Amid Q4 Headwinds? (finance.yahoo.com)
- LendingTree, Inc. (TREE) Lowered to Sell at BWS Financial (americanbankingnews.com)
- RealtyShares Wins LendingTree Fintech Innovation Challenge, $10K At Benzinga Fintech Summit – Benzinga (benzinga.com)
- LendingTree, Inc. to Report Third Quarter 2017 Earnings on October 26, 2017 – PR Newswire (press release) (prnewswire.com)
LendingTree (TREE) opened at 241.60 on Tuesday. The firm has a market capitalization of $2.90 billion, a P/E ratio of 112.79 and a beta of 1.56. LendingTree has a 52-week low of $75.05 and a 52-week high of $262.55. The firm’s 50-day moving average is $240.91 and its 200 day moving average is $187.48.
LendingTree (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $152.80 million for the quarter, compared to analyst estimates of $135.48 million. During the same period in the previous year, the business earned $0.92 EPS. The company’s revenue was up 62.0% compared to the same quarter last year. Equities analysts anticipate that LendingTree will post $3.82 EPS for the current year.
A number of equities analysts have recently weighed in on TREE shares. Zacks Investment Research raised shares of LendingTree from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. BWS Financial downgraded shares of LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price target on the stock. in a research note on Thursday, October 12th. Bank of America Corporation upped their price target on shares of LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Needham & Company LLC upped their price target on shares of LendingTree from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $150.00 price target on shares of LendingTree in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $203.70.
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In other news, Director Peter Horan sold 2,000 shares of the business’s 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 transaction, the director now directly owns 31,624 shares in the company, valued at approximately $7,175,485.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas R. Lebda sold 4,000 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $258.68, for a total transaction of $1,034,720.00. The disclosure for this sale can be found here. Insiders sold a total of 8,850 shares of company stock worth $2,124,213 over the last quarter. Company insiders own 21.90% 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.
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