Lendingtree Inc (NASDAQ:TREE) has received a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $305.63.
TREE has been the topic of a number of research analyst reports. Northland Securities cut shares of Lendingtree from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 26th. Zacks Investment Research cut shares of Lendingtree from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 5th. SunTrust Banks boosted their target price on shares of Lendingtree to $285.00 and gave the company a “positive” rating in a research note on Wednesday, February 27th. They noted that the move was a valuation call. Needham & Company LLC initiated coverage on shares of Lendingtree in a research note on Wednesday, December 19th. They issued a “buy” rating and a $300.00 target price on the stock. Finally, BidaskClub upgraded shares of Lendingtree from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th.
In other news, Director Steven Ozonian sold 975 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $314.98, for a total value of $307,105.50. Following the sale, the director now owns 6,394 shares of the company’s stock, valued at $2,013,982.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Carla Shumate sold 2,495 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $350.00, for a total transaction of $873,250.00. Following the completion of the sale, the insider now directly owns 5,152 shares in the company, valued at approximately $1,803,200. The disclosure for this sale can be found here. In the last three months, insiders sold 9,775 shares of company stock worth $3,205,929. Insiders own 20.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of TREE. Whittier Trust Co. raised its position in shares of Lendingtree by 488.2% in the fourth quarter. Whittier Trust Co. now owns 200 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 166 shares during the period. Toronto Dominion Bank bought a new stake in shares of Lendingtree in the fourth quarter valued at approximately $71,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Lendingtree in the fourth quarter valued at approximately $108,000. Advisors Asset Management Inc. raised its position in shares of Lendingtree by 27.7% in the fourth quarter. Advisors Asset Management Inc. now owns 683 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 148 shares during the period. Finally, Blueshift Asset Management LLC bought a new stake in shares of Lendingtree in the fourth quarter valued at approximately $246,000. 84.23% of the stock is currently owned by institutional investors.
TREE opened at $330.64 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 37.23, a P/E/G ratio of 2.62 and a beta of 2.40. Lendingtree has a twelve month low of $183.25 and a twelve month high of $371.28.
Lendingtree (NASDAQ:TREE) last released its earnings results on Tuesday, February 26th. The financial services provider reported $1.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.24). The company had revenue of $202.70 million during the quarter, compared to analysts’ expectations of $208.14 million. Lendingtree had a net margin of 12.62% and a return on equity of 13.92%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share. As a group, research analysts anticipate that Lendingtree will post 4.92 earnings per share for the current fiscal year.
LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.
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