Lendingtree (NASDAQ:TREE) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
A number of other research analysts have also recently commented on TREE. BidaskClub cut Lendingtree from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Deutsche Bank reduced their price objective on Lendingtree from $290.00 to $270.00 and set a “hold” rating on the stock in a research note on Thursday, August 16th. Zacks Investment Research upgraded Lendingtree from a “hold” rating to a “buy” rating and set a $253.00 price objective on the stock in a research note on Tuesday, September 25th. Northland Securities upgraded Lendingtree from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 31st. Finally, Oppenheimer set a $300.00 price objective on Lendingtree and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $323.88.
Shares of TREE traded up $11.61 during midday trading on Thursday, reaching $261.92. 490,118 shares of the company were exchanged, compared to its average volume of 238,054. The stock has a market cap of $3.21 billion, a PE ratio of 86.73, a P/E/G ratio of 1.91 and a beta of 2.18. Lendingtree has a 1-year low of $183.25 and a 1-year high of $404.40. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.33 and a quick ratio of 3.33.
Lendingtree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, November 1st. The financial services provider reported $1.92 EPS for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.61. The company had revenue of $197.10 million for the quarter, compared to analysts’ expectations of $199.28 million. Lendingtree had a return on equity of 12.86% and a net margin of 12.73%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. On average, research analysts anticipate that Lendingtree will post 3.69 earnings per share for the current year.
In related news, Director Steven Ozonian sold 975 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $247.83, for a total value of $241,634.25. Following the transaction, the director now owns 7,344 shares in the company, valued at $1,820,063.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 20.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TREE. Bank of Montreal Can lifted its stake in shares of Lendingtree by 16.1% in the second quarter. Bank of Montreal Can now owns 7,485 shares of the financial services provider’s stock worth $1,600,000 after acquiring an additional 1,036 shares in the last quarter. Comerica Bank lifted its stake in shares of Lendingtree by 9.2% in the second quarter. Comerica Bank now owns 6,555 shares of the financial services provider’s stock worth $1,567,000 after acquiring an additional 553 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Lendingtree by 150.9% in the second quarter. Victory Capital Management Inc. now owns 286,528 shares of the financial services provider’s stock worth $61,259,000 after acquiring an additional 172,310 shares in the last quarter. Alps Advisors Inc. acquired a new position in shares of Lendingtree in the second quarter worth about $235,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Lendingtree in the second quarter worth about $454,000. Institutional investors and hedge funds own 86.43% of the company’s stock.
LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.
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