LendingTree (TREE) to Release Earnings on Tuesday

LendingTree (NASDAQ:TREE) will likely be issuing its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $238.12 million for the quarter.

LendingTree Price Performance

Shares of TREE stock opened at $46.97 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree has a 1 year low of $28.50 and a 1 year high of $62.49. The firm’s fifty day moving average price is $41.74 and its two-hundred day moving average price is $48.21.

Analysts Set New Price Targets

Several research analysts recently commented on TREE shares. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Tuesday, January 21st. Susquehanna raised their target price on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Needham & Company LLC upped their target price on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods raised their target price on shares of LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, LendingTree has a consensus rating of “Buy” and a consensus target price of $64.00.

Insider Activity

In related news, CEO Douglas R. Lebda acquired 13,000 shares of the business’s stock in a transaction on Friday, December 6th. The stock was acquired at an average cost of $39.72 per share, with a total value of $516,360.00. Following the acquisition, the chief executive officer now directly owns 121,599 shares in the company, valued at $4,829,912.28. This represents a 11.97 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Scott V. Totman purchased 3,750 shares of LendingTree stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the transaction, the chief technology officer now directly owns 18,192 shares of the company’s stock, valued at $702,029.28. The trade was a 25.97 % 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.