Northland Securities cut shares of Lendingtree (NASDAQ:TREE) from an outperform rating to a market perform rating in a research note published on Monday morning, Marketbeat Ratings reports.

A number of other research analysts have also commented on TREE. Compass Point reiterated a hold rating and issued a $250.00 price objective on shares of Lendingtree in a research report on Friday, July 27th. Zacks Investment Research lowered Lendingtree from a strong-buy rating to a hold rating in a research report on Wednesday, August 1st. BidaskClub upgraded Lendingtree from a sell rating to a hold rating in a research report on Friday, November 2nd. Royal Bank of Canada reiterated a buy rating on shares of Lendingtree in a research report on Friday, July 27th. Finally, ValuEngine lowered Lendingtree from a hold rating to a sell rating in a research report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. Lendingtree currently has an average rating of Hold and an average target price of $330.13.

Shares of TREE opened at $234.74 on Monday. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 77.73, a PEG ratio of 1.81 and a beta of 2.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.33 and a current ratio of 3.33. Lendingtree has a 52 week low of $183.25 and a 52 week high of $404.40.

Lendingtree (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, November 1st. The financial services provider reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.61. The firm had revenue of $197.10 million for the quarter, compared to analyst estimates of $199.28 million. Lendingtree had a return on equity of 12.86% and a net margin of 12.73%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS. Analysts forecast that Lendingtree will post 3.69 EPS for the current year.

In other news, Director Steven Ozonian sold 975 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $247.83, for a total value of $241,634.25. Following the transaction, the director now directly owns 7,344 shares in the company, valued at approximately $1,820,063.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.50% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Macquarie Group Ltd. lifted its holdings in Lendingtree by 13.2% during the third quarter. Macquarie Group Ltd. now owns 399,730 shares of the financial services provider’s stock worth $91,978,000 after acquiring an additional 46,543 shares in the last quarter. MetLife Investment Advisors LLC lifted its holdings in Lendingtree by 18.4% during the third quarter. MetLife Investment Advisors LLC now owns 10,092 shares of the financial services provider’s stock worth $2,322,000 after acquiring an additional 1,568 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Lendingtree by 12.6% during the third quarter. Pacer Advisors Inc. now owns 2,695 shares of the financial services provider’s stock worth $620,000 after acquiring an additional 301 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Lendingtree by 6.1% during the third quarter. The Manufacturers Life Insurance Company now owns 69,380 shares of the financial services provider’s stock worth $15,965,000 after acquiring an additional 3,991 shares in the last quarter. Finally, Bamco Inc. NY lifted its holdings in Lendingtree by 62.9% during the third quarter. Bamco Inc. NY now owns 173,376 shares of the financial services provider’s stock worth $39,894,000 after acquiring an additional 66,916 shares in the last quarter. Institutional investors and hedge funds own 83.91% of the company’s stock.

Lendingtree Company Profile

LendingTree, Inc engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It provides mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans, and small business loans. The company was founded Douglas Lebda in April 2008 and is headquartered in Charlotte, NC.

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Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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