LendingTree, Inc. (TREE) Receives Average Recommendation of “Buy” from Analysts
Shares of LendingTree, Inc. (NASDAQ:TREE) have received a consensus rating of “Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $197.55.
TREE has been the topic of a number of research reports. Needham & Company LLC boosted their target price on shares of LendingTree from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, June 20th. Northland Securities reaffirmed a “buy” rating and set a $150.00 price target on shares of LendingTree in a research note on Tuesday, July 25th. Bank of America Corporation lifted their price target on shares of LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research raised shares of LendingTree from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, William Blair assumed coverage on shares of LendingTree in a research note on Wednesday, June 21st. They set an “outperform” rating and a $173.00 price target for the company.
In related news, Director G Kennedy Thompson acquired 5,000 shares of the stock in a transaction on Thursday, August 31st. The stock was bought at an average cost of $230.91 per share, with a total value of $1,154,550.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $1,154,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Horan sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $226.90, for a total transaction of $453,800.00. Following the completion of the sale, the director now directly owns 31,624 shares of the company’s stock, valued at $7,175,485.60. The disclosure for this sale can be found here. 21.90% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new stake in LendingTree in the 2nd quarter valued at about $1,100,000. Verition Fund Management LLC purchased a new stake in LendingTree in the 2nd quarter valued at about $210,000. Piedmont Investment Advisors LLC purchased a new stake in LendingTree in the 2nd quarter valued at about $271,000. The Manufacturers Life Insurance Company boosted its position 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 buying an additional 70 shares during the period. Finally, State Street Corp boosted its position in LendingTree by 6.8% in the 2nd quarter. State Street Corp now owns 165,642 shares of the financial services provider’s stock valued at $28,527,000 after buying an additional 10,547 shares during the period. 71.69% of the stock is owned by institutional investors.
Shares of LendingTree (NASDAQ TREE) opened at 261.30 on Wednesday. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 121.99 and a beta of 1.56. LendingTree has a 52-week low of $75.05 and a 52-week high of $262.25. The firm’s 50-day moving average is $238.44 and its 200 day moving average is $184.73.
LendingTree (NASDAQ:TREE) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. LendingTree had a net margin of 5.85% and a return on equity of 17.01%. The firm had revenue of $152.80 million for the quarter, compared to the consensus estimate of $135.48 million. During the same period in the previous year, the firm posted $0.92 EPS. The business’s quarterly revenue was up 62.0% on a year-over-year basis. Equities analysts expect that LendingTree will post $3.82 EPS for the current year.
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.
Receive News & Ratings for LendingTree Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingTree Inc. and related companies with MarketBeat.com's FREE daily email newsletter.