LendingTree, Inc. (NASDAQ:TREE – Get Rating) shares have been given a consensus rating of “Moderate Buy” by the twelve brokers currently covering the company, reports Marketbeat Ratings. Four equity analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers who have updated their coverage of the stock over the past year is $69.56.
Several brokerage firms have recently commented on TREE. Bank of America has lowered its price target on LendingTree to $43.00 from $53.00 and gave the company a “buy” rating in a report Tuesday, February 28. StockNews.com began coverage of LendingTree in a research report on Thursday, March 16th. They gave the company a “hold” rating. Susquehanna lowered LendingTree from a “positive” rating to a “neutral” rating in a research report on Tuesday, February 28, and lowered the price target on the stock to $36.00 from $46.00. Stephens reranked an overweight rating and price target of $48.00 on shares of LendingTree in a research report on Thursday, March 30th. Finally, Keefe, Bruyette & Woods raised their target price on LendingTree to $34.00 from $25.00 and gave the company a “Market Perform” rating in a research report on Tuesday, February 28.
Also, CEO Douglas R. Lebda acquired 18,268 shares of the company’s shares in a transaction dated Monday, January 30. The shares were purchased at an average price of $38.63 per share for a total value of $705,692.84. Following the purchase, the Chief Executive Officer now owns 214,859 shares of the company, valued at $8,300,003.17. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. In other news from LendingTree, CEO Douglas R. Lebda acquired 65,062 shares of the company’s stock in a transaction that took place on Monday, January 23rd. The shares were acquired at an average price of $32.03 per share for a total transaction of $2,083,935.86. Following the transaction, the Chief Executive Officer now directly owns 65,062 shares of the Company, valued at $2,083,935.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed at this link. In addition, CEO Douglas R. Lebda acquired 18,268 shares of the company’s stock in a transaction that took place on Monday, January 30th. The shares were acquired at an average price of $38.63 per share for a total transaction of $705,692.84. Upon completion of the transaction, the Chief Executive Officer now owns 214,859 shares of the Company, valued at $8,300,003.17. The disclosure for this purchase can be found here. Company insiders own 17.90% of the company’s shares.
Institutional inflows and outflows
Several hedge funds and other institutional investors recently changed their positions in the stock. Captrust Financial Advisors increased its stake in LendingTree by 59.1% during the second quarter. Captrust Financial Advisors now owns 719 shares of the financial services provider, valued at $32,000, after purchasing an additional 267 shares last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in LendingTree valued at approximately $34,000 during the fourth quarter. PNC Financial Services Group Inc. increased its position in LendingTree by 136.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,705 shares of the financial services provider, valued at $36,000, after purchasing an additional 984 shares last quarter. Asset Management One Co.Ltd. increased its holdings of LendingTree shares by 69.4% in the third quarter. Asset Management One Co.Ltd. now owns 1,757 shares of the financial services firm, valued at $41,000, after purchasing an additional 720 shares last quarter. Finally, Point72 Middle East FZE acquired a new position in shares of LendingTree valued at approximately $42,000 during the fourth quarter. 83.16% of the shares are currently held by institutional investors.
LendingTree stock performance
TREE shares opened at $22.93 on Wednesday. The stock has a 50-day moving average price of $31.05 and a 200-day moving average price of $27.44. The company has a quick ratio of 5.02, a current ratio of 5.02 and a debt to equity ratio of 3.91. The company has a market cap of $293.73 million, a price to earnings ratio of -1.56 and a beta of 1.91. LendingTree has a 52-week low of $17.59 and a 52-week high of $106.77.
LendingTree (NASDAQ:TREE – Get Rating) last released its quarterly earnings data on Monday, February 27th. The financial services firm reported earnings per share of $0.38 for the quarter, beating the consensus estimate of ($0.34) by $0.72. The company had revenue of $202.10 million for the quarter, compared to the consensus estimate of $208.13 million. LendingTree had a negative return on equity of 14.55% and a negative net margin of 19.08%. The company’s revenue fell 21.8% compared to the prior-year quarter. For the same period last year, the company made ($1.23) earnings per share. Research analysts are forecasting that LendingTree will report earnings per share of -3.02 for the current fiscal year.
LendingTree Company Profile
LendingTree, Inc operates an online credit marketplace for consumers seeking credit and other credit-based offerings. It operates through the following segments: Household, Consumer and Insurance. The Home segment refers to purchase mortgages, refinance mortgages, home equity loans and lines of credit, and reverse mortgage loans and real estate.
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