Lendingtree’s (NASDAQ:TREE) “Overweight” Rating Reaffirmed at Stephens

Stephens reiterated their overweight rating on shares of Lendingtree (NASDAQ:TREE) in a research report released on Monday, December 18th, Marketbeat Ratings reports. They currently have a $375.00 target price on the financial services provider’s stock, up from their prior target price of $300.00.

A number of other equities research analysts have also weighed in on the company. Needham & Company LLC boosted their price target on Lendingtree from $300.00 to $375.00 and gave the stock a buy rating in a research note on Thursday, December 14th. Oppenheimer boosted their price target on Lendingtree to $340.00 and gave the stock an outperform rating in a research note on Friday, December 1st. Northland Securities restated a buy rating and set a $280.00 price target on shares of Lendingtree in a research note on Thursday, October 26th. Zacks Investment Research upgraded Lendingtree from a sell rating to a strong-buy rating and set a $308.00 price target on the stock in a research note on Thursday, November 2nd. Finally, BidaskClub upgraded Lendingtree from a buy rating to a strong-buy rating in a research report on Friday, December 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Lendingtree presently has an average rating of Buy and a consensus target price of $278.08.

Shares of Lendingtree (TREE) traded down $0.35 during trading on Monday, reaching $362.30. 118,203 shares of the company’s stock were exchanged, compared to its average volume of 149,313. The company has a market capitalization of $4,340.00, a P/E ratio of 143.20, a PEG ratio of 2.11 and a beta of 1.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86. Lendingtree has a fifty-two week low of $101.65 and a fifty-two week high of $370.74.

Lendingtree (NASDAQ:TREE) last announced its earnings results on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.20. The business had revenue of $171.50 million during the quarter, compared to the consensus estimate of $157.97 million. Lendingtree had a net margin of 5.49% and a return on equity of 16.52%. The firm’s revenue was up 81.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. equities research analysts predict that Lendingtree will post 3.06 EPS for the current year.

In other news, insider Nikul Patel sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the insider now directly owns 4,953 shares of the company’s stock, valued at approximately $1,485,900. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas R. Lebda sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $222.64, for a total value of $890,560.00. Following the transaction, the chief executive officer now directly owns 484,992 shares of the company’s stock, valued at $107,978,618.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,374 shares of company stock valued at $38,061,646. Corporate insiders own 21.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Group LLC raised its stake in Lendingtree by 2.4% in the 2nd quarter. Renaissance Group LLC now owns 2,859 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 68 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Lendingtree by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,059 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 70 shares during the last quarter. Texas Permanent School Fund raised its stake in Lendingtree by 1.7% in the 2nd quarter. Texas Permanent School Fund now owns 5,319 shares of the financial services provider’s stock valued at $916,000 after purchasing an additional 90 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Lendingtree by 5.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 90 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. raised its stake in Lendingtree by 4.9% in the 2nd quarter. Campbell Newman Asset Management Inc. now owns 3,125 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 145 shares during the last quarter. 71.68% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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