Media coverage about Lendingtree (NASDAQ:TREE) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Lendingtree earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 44.9389518195403 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- LendingTree: Des Moines, Pittsburgh, Buffalo Millennials Pursuing Mortgages at Fastest Rate (finance.yahoo.com)
- LendingTree Launches Free Credit Monitoring Service (finance.yahoo.com)
- Overbought Signal Stock: LendingTree, Inc. (TREE) – Nasdaq Chronicle (nasdaqchronicle.com)
- Des Moines, Pittsburgh and Buffalo Among Most Popular Cities for Millennial Homebuyers (finance.yahoo.com)
- Lendingtree (TREE) Receives Overweight Rating from Stephens (americanbankingnews.com)
Several equities research analysts have commented on the company. Stephens upped their price objective on Lendingtree from $385.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday. They noted that the move was a valuation call. BidaskClub upgraded Lendingtree from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 17th. Susquehanna Bancshares assumed coverage on Lendingtree in a research report on Wednesday, March 7th. They issued a “neutral” rating and a $325.00 price objective on the stock. ValuEngine lowered Lendingtree from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Northland Securities restated a “buy” rating and issued a $360.00 price objective on shares of Lendingtree in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $311.33.
Lendingtree (NASDAQ:TREE) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.06). Lendingtree had a net margin of 2.52% and a return on equity of 14.67%. The business had revenue of $161.00 million for the quarter, compared to analysts’ expectations of $150.25 million. During the same quarter last year, the business earned $0.87 EPS. The company’s quarterly revenue was up 59.7% on a year-over-year basis. analysts expect that Lendingtree will post 4.11 earnings per share for the current fiscal year.
Lendingtree declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 22nd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other news, Director Steven Ozonian sold 500 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $360.00, for a total transaction of $180,000.00. Following the transaction, the director now owns 8,879 shares in the company, valued at approximately $3,196,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Carla Shumate sold 9,200 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $333.96, for a total value of $3,072,432.00. The disclosure for this sale can be found here. Insiders have sold a total of 93,654 shares of company stock worth $31,962,877 in the last quarter. Insiders own 21.90% of the company’s stock.
Lendingtree Company Profile
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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