Lendingtree Inc (TREE) Given Average Recommendation of “Buy” by Brokerages

Lendingtree Inc (NASDAQ:TREE) has received a consensus rating of “Buy” from the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $287.25.

TREE has been the topic of a number of analyst reports. SunTrust Banks initiated coverage on shares of Lendingtree in a research report on Tuesday, January 23rd. They issued a “hold” rating on the stock. Zacks Investment Research lowered shares of Lendingtree from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Stephens lifted their price objective on shares of Lendingtree from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Northland Securities reiterated a “buy” rating and issued a $280.00 price objective on shares of Lendingtree in a research report on Thursday, October 26th. Finally, Oppenheimer lifted their price objective on shares of Lendingtree to $340.00 and gave the company an “outperform” rating in a research report on Friday, December 1st.

Lendingtree (TREE) opened at $348.65 on Tuesday. Lendingtree has a 1 year low of $111.88 and a 1 year high of $404.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86. The firm has a market cap of $4,170.00, a price-to-earnings ratio of 137.81, a P/E/G ratio of 1.84 and a beta of 1.62.

In other Lendingtree news, President Neil Salvage sold 2,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $283.97, for a total transaction of $567,940.00. Following the sale, the president now directly owns 7,025 shares in the company, valued at approximately $1,994,889.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas R. Lebda sold 12,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $272.31, for a total transaction of $3,267,720.00. Following the sale, the chief executive officer now owns 432,715 shares in the company, valued at $117,832,621.65. The disclosure for this sale can be found here. Insiders have sold a total of 136,090 shares of company stock worth $43,811,407 over the last 90 days. Insiders own 21.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Invictus RG acquired a new position in shares of Lendingtree during the 3rd quarter worth $104,000. Advisor Group Inc. raised its stake in shares of Lendingtree by 61.7% during the 3rd quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock worth $128,000 after buying an additional 201 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Lendingtree during the 4th quarter worth $153,000. Aperio Group LLC acquired a new position in shares of Lendingtree during the 3rd quarter worth $201,000. Finally, Verition Fund Management LLC acquired a new position in shares of Lendingtree during the 2nd quarter worth $210,000. Institutional investors own 70.38% of the company’s stock.

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About Lendingtree

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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