Lendingtree Inc (NASDAQ:TREE) has been given a consensus rating of “Buy” by the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $370.42.
A number of research analysts recently issued reports on TREE shares. Compass Point upgraded Lendingtree from a “neutral” rating to a “buy” rating and set a $340.00 price target on the stock in a report on Monday, December 30th. Oppenheimer reduced their price target on Lendingtree from $410.00 to $380.00 and set an “outperform” rating on the stock in a report on Thursday, December 12th. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Lendingtree in a report on Friday, December 13th. Royal Bank of Canada restated a “sector perform” rating and set a $341.00 price target on shares of Lendingtree in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. reduced their target price on Lendingtree from $405.00 to $370.00 and set an “overweight” rating on the stock in a report on Thursday, December 12th.
NASDAQ:TREE traded down $0.14 during mid-day trading on Tuesday, reaching $310.38. 76,656 shares of the company’s stock traded hands, compared to its average volume of 102,248. Lendingtree has a 12-month low of $276.58 and a 12-month high of $434.94. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 373.95, a PEG ratio of 5.89 and a beta of 2.06. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.73 and a quick ratio of 0.73. The company has a 50 day moving average price of $311.87 and a 200-day moving average price of $333.93.
Lendingtree (NASDAQ:TREE) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $1.62. Lendingtree had a return on equity of 14.58% and a net margin of 1.20%. The company had revenue of $310.60 million for the quarter, compared to the consensus estimate of $295.26 million. During the same quarter in the previous year, the business earned $1.92 EPS. Lendingtree’s revenue was up 57.6% compared to the same quarter last year. As a group, analysts forecast that Lendingtree will post 2.22 EPS for the current year.
In related news, Director Peter Horan sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $364.82, for a total value of $182,410.00. Following the sale, the director now owns 18,923 shares in the company, valued at approximately $6,903,488.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Rehmann Capital Advisory Group grew its stake in shares of Lendingtree by 240.0% in the 2nd quarter. Rehmann Capital Advisory Group now owns 85 shares of the financial services provider’s stock worth $36,000 after buying an additional 60 shares during the last quarter. Pinebridge Investments L.P. bought a new position in Lendingtree in the 2nd quarter valued at approximately $81,000. Tower Research Capital LLC TRC lifted its position in Lendingtree by 1,293.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 209 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 194 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in Lendingtree by 99.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 289 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 144 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Lendingtree in the 3rd quarter valued at approximately $93,000. Institutional investors own 78.12% of the company’s stock.
Lendingtree Company Profile
LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans 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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