Lendingtree (NASDAQ:TREE) Given Buy Rating at Stephens

Stephens restated their buy rating on shares of Lendingtree (NASDAQ:TREE) in a report released on Monday, BenzingaRatingsTable reports. They currently have a $450.00 price objective on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the company. Compass Point raised Lendingtree from a neutral rating to a buy rating and set a $340.00 price target for the company in a report on Monday, December 30th. JPMorgan Chase & Co. cut their price target on Lendingtree from $405.00 to $370.00 and set an overweight rating for the company in a report on Thursday, December 12th. SunTrust Banks cut their price target on Lendingtree from $400.00 to $350.00 and set a hold rating for the company in a report on Thursday, December 12th. Oppenheimer cut their price target on Lendingtree from $410.00 to $380.00 and set an outperform rating for the company in a report on Thursday, December 12th. Finally, BidaskClub cut Lendingtree from a sell rating to a strong sell rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $366.75.

NASDAQ TREE opened at $272.57 on Monday. The stock has a 50-day simple moving average of $315.43 and a 200 day simple moving average of $320.56. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.82. The stock has a market capitalization of $3.54 billion, a PE ratio of 227.14, a P/E/G ratio of 5.57 and a beta of 1.99. Lendingtree has a twelve month low of $272.56 and a twelve month high of $434.94.

Lendingtree (NASDAQ:TREE) last posted its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $1.12 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.31). The firm had revenue of $255.20 million during the quarter, compared to analyst estimates of $262.42 million. Lendingtree had a net margin of 1.61% and a return on equity of 13.08%. The company’s revenue was up 25.9% on a year-over-year basis. During the same period last year, the company earned $1.22 EPS. As a group, equities research analysts forecast that Lendingtree will post 2.2 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its holdings in shares of Lendingtree by 4.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 766 shares of the financial services provider’s stock worth $232,000 after buying an additional 35 shares in the last quarter. Mason Street Advisors LLC raised its holdings in shares of Lendingtree by 0.9% in the 3rd quarter. Mason Street Advisors LLC now owns 4,019 shares of the financial services provider’s stock worth $1,248,000 after buying an additional 37 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Lendingtree by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 1,518 shares of the financial services provider’s stock worth $461,000 after buying an additional 44 shares in the last quarter. Comerica Bank raised its holdings in shares of Lendingtree by 1.0% in the 3rd quarter. Comerica Bank now owns 4,400 shares of the financial services provider’s stock worth $1,382,000 after buying an additional 45 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of Lendingtree by 15.5% in the 4th quarter. Toronto Dominion Bank now owns 342 shares of the financial services provider’s stock worth $104,000 after buying an additional 46 shares in the last quarter. 76.97% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: How much money do you need to begin day trading?

Analyst Recommendations for Lendingtree (NASDAQ:TREE)

Receive News & Ratings for Lendingtree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lendingtree and related companies with MarketBeat.com's FREE daily email newsletter.