Shares of LendingTree, Inc. (NASDAQ:TREE) have earned an average rating of “Buy” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $247.08.

A number of research analysts have recently weighed in on TREE shares. Northland Securities restated a “buy” rating and issued a $150.00 price target on shares of LendingTree in a research report on Tuesday, July 25th. Needham & Company LLC restated a “buy” rating and issued a $250.00 price target (up previously from $200.00) on shares of LendingTree in a research report on Thursday, July 27th. Royal Bank Of Canada raised their price target on LendingTree from $160.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Stephens restated an “overweight” rating and issued a $250.00 price target (up previously from $200.00) on shares of LendingTree in a research report on Sunday, July 30th. Finally, Zacks Investment Research cut LendingTree from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd.

In related news, President Neil Salvage sold 1,500 shares of LendingTree stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $267.08, for a total transaction of $400,620.00. Following the completion of the sale, the president now owns 12,907 shares in the company, valued at approximately $3,447,201.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director G Kennedy Thompson acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were bought at an average price of $230.91 per share, with a total value of $1,154,550.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $1,154,550. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 27,850 shares of company stock valued at $6,875,633. 21.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Renaissance Group LLC increased its position in LendingTree by 2.4% during the 2nd quarter. Renaissance Group LLC now owns 2,859 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 68 shares in the last quarter. The Manufacturers Life Insurance Company boosted 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 worth $871,000 after buying an additional 70 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted 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 worth $294,000 after buying an additional 90 shares during the last quarter. Texas Permanent School Fund boosted 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 worth $916,000 after buying an additional 90 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in LendingTree by 3.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 3,000 shares of the financial services provider’s stock worth $517,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 72.00% of the company’s stock.

LendingTree (NASDAQ:TREE) opened at $273.20 on Friday. LendingTree has a 52-week low of $79.71 and a 52-week high of $275.00. The firm has a market capitalization of $3,269.93, a price-to-earnings ratio of 83.04, a PEG ratio of 2.78 and a beta of 1.51. 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 (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.20. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The business had revenue of $171.50 million during the quarter, compared to analysts’ expectations of $157.97 million. During the same quarter last year, the business posted $0.80 earnings per share. The business’s revenue for the quarter was up 81.3% on a year-over-year basis. sell-side analysts forecast that LendingTree will post 3.06 EPS for the current year.

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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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