Northland Securities restated their buy rating on shares of LendingTree, Inc. (NASDAQ:TREE) in a report released on Tuesday, July 25th. Northland Securities currently has a $150.00 price target on the financial services provider’s stock.
A number of other brokerages also recently weighed in on TREE. Needham & Company LLC upped their price objective on shares of LendingTree from $170.00 to $200.00 and gave the stock a buy rating in a research report on Tuesday, June 20th. Zacks Investment Research downgraded shares of LendingTree from a hold rating to a strong sell rating in a research report on Wednesday, June 28th. William Blair began coverage on shares of LendingTree in a research report on Wednesday, June 21st. They set an outperform rating and a $173.00 price target for the company. Bank of America Corporation restated a buy rating and set a $190.00 price target (up previously from $160.00) on shares of LendingTree in a research report on Friday, June 9th. Finally, Royal Bank Of Canada restated a buy rating on shares of LendingTree in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $178.07.
Shares of LendingTree (NASDAQ TREE) traded down 0.45% during trading on Tuesday, hitting $232.40. The stock had a trading volume of 108,921 shares. The firm has a 50-day moving average price of $180.38 and a 200 day moving average price of $142.34. LendingTree has a 52 week low of $75.05 and a 52 week high of $235.30. The company has a market capitalization of $2.79 billion, a PE ratio of 108.50 and a beta of 1.58.
LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.90 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 company had revenue of $152.80 million for the quarter, compared to analyst estimates of $135.48 million. During the same period in the prior year, the company earned $0.92 earnings per share. The firm’s revenue was up 62.0% on a year-over-year basis. Equities analysts anticipate that LendingTree will post $3.82 earnings per share for the current year.
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In other news, Director Interactive Corp Liberty acquired 450,000 shares of LendingTree stock in a transaction dated Tuesday, June 6th. The shares were acquired at an average cost of $170.70 per share, for a total transaction of $76,815,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven Ozonian sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $145.26, for a total transaction of $363,150.00. Following the completion of the sale, the director now owns 15,446 shares in the company, valued at $2,243,685.96. The disclosure for this sale can be found here. Insiders have sold a total of 118,145 shares of company stock valued at $18,548,851 in the last ninety days. 21.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in TREE. State of Alaska Department of Revenue raised its stake in shares of LendingTree by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 800 shares of the financial services provider’s stock valued at $100,000 after buying an additional 20 shares in the last quarter. Renaissance Group LLC raised its stake in shares of LendingTree by 2.4% in the second quarter. Renaissance Group LLC now owns 2,859 shares of the financial services provider’s stock valued at $492,000 after buying an additional 68 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of LendingTree by 0.6% in the first quarter. Prudential Financial Inc. now owns 12,575 shares of the financial services provider’s stock valued at $1,576,000 after buying an additional 70 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of LendingTree by 5.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock valued at $294,000 after buying an additional 90 shares in the last quarter. Finally, Texas Permanent School Fund raised its stake in shares of LendingTree by 1.7% in the second quarter. Texas Permanent School Fund now owns 5,319 shares of the financial services provider’s stock valued at $916,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 75.33% 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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