LendingTree (TREE) Price Target Increased to $375.00 by Analysts at Needham & Company LLC

LendingTree (NASDAQ:TREE) had its price target boosted by investment analysts at Needham & Company LLC from $300.00 to $375.00 in a report released on Thursday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Needham & Company LLC’s price target would suggest a potential upside of 15.17% from the stock’s current price.

Several other analysts have also recently issued reports on TREE. Zacks Investment Research raised shares of LendingTree from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Bank of America upped their price target on shares of LendingTree from $250.00 to $285.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. BWS Financial cut shares of LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price target on the stock. in a report on Thursday, October 12th. Stephens upped their price target on shares of LendingTree from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $280.00 price target on shares of LendingTree in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has given a strong buy rating to the stock. LendingTree currently has a consensus rating of “Buy” and a consensus price target of $260.00.

Shares of LendingTree (TREE) opened at $325.60 on Thursday. The stock has a market cap of $3,742.04, a price-to-earnings ratio of 95.03, a P/E/G ratio of 2.81 and a beta of 1.54. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78. LendingTree has a twelve month low of $96.20 and a twelve month high of $326.50.

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

In other LendingTree news, CAO Carla Shumate sold 2,414 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $275.00, for a total transaction of $663,850.00. Following the completion of the sale, the chief accounting officer now owns 4,841 shares in the company, valued at $1,331,275. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas R. Lebda sold 8,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $306.96, for a total transaction of $2,455,680.00. Following the sale, the chief executive officer now owns 403,818 shares of the company’s stock, valued at approximately $123,955,973.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,374 shares of company stock valued at $27,064,286. 21.90% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Invictus RG bought a new position in shares of LendingTree during the third quarter worth about $104,000. Advisor Group Inc. grew its position in shares of LendingTree by 61.7% during the third quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 201 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of LendingTree during the second quarter worth about $148,000. Aperio Group LLC bought a new position in shares of LendingTree during the third quarter worth about $201,000. Finally, Seven Eight Capital LP bought a new position in shares of LendingTree during the second quarter worth about $207,000. Hedge funds and other institutional investors own 72.11% of the company’s stock.

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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.