LendingTree (TREE) Projected to Post Earnings on Wednesday

LendingTree (NASDAQ:TREE) will likely be releasing its earnings data after the market closes on Wednesday, March 5th. Analysts expect LendingTree to post earnings of $0.68 per share and revenue of $238.12 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

LendingTree Stock Performance

NASDAQ:TREE opened at $41.10 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The firm has a market capitalization of $549.18 million, a price-to-earnings ratio of -15.22 and a beta of 2.07. The firm’s fifty day simple moving average is $41.92 and its 200 day simple moving average is $48.11. LendingTree has a twelve month low of $28.50 and a twelve month high of $62.49.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TREE. Northland Securities upgraded shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Tuesday, January 21st. Oppenheimer lifted their target price on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods lifted their target price on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Northland Capmk upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, LendingTree currently has an average rating of “Buy” and a consensus price target of $64.00.

Insiders Place Their Bets

In related news, CTO Scott V. Totman bought 3,750 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the purchase, the chief technology officer now owns 18,192 shares in the company, valued at $702,029.28. This trade represents a 25.97 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas R. Lebda bought 13,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was bought at an average price of $39.72 per share, for a total transaction of $516,360.00. Following the purchase, the chief executive officer now owns 121,599 shares in the company, valued at approximately $4,829,912.28. This represents a 11.97 % increase in their position. The disclosure for this purchase can be found here. 23.40% of the stock is currently owned by company insiders.

LendingTree Company Profile

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.