LendingTree, Inc. (NASDAQ:TREE – Get Rating) shares have been given an average rating of “Moderate Buy” by the 11 analysts currently covering the company, reports MarketBeat. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target set by analysts who have covered the stock for the past year is $72.25.
→ The gold catalyst we’ve been waiting for (From Stansberry Research)
TREE has been the subject of a number of recent research reports. Bank of America lowered its price target on LendingTree to $43.00 from $53.00 and gave the stock a “buy” rating in a research report on Tuesday, February 28. Oppenheimer raised its price target on LendingTree to $40.00 from $35.00 and gave the stock a “Outperform” rating in a research note on Tuesday, February 28. StockNews.com acquired coverage of LendingTree in a research note on Thursday, March 16th. They give the company a “hold” rating. Needham & Company LLC raised its price target on LendingTree to $45.00 from $32.00 and issued a research note on Monday, February 27th with a “buy” rating of the stock. Finally, Keefe, Bruyette & Woods raised their price target on LendingTree to $34.00 from $25.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 28.
LendingTree stock performance
LendingTree shares opened at $25.80 on Friday. The stock’s 50-day moving average is $34.97 and its 200-day moving average is $28.09. The company has a market cap of $330.50 million, a PE ratio of -1.75 and a beta of 1.93. The company has a quick ratio of 5.02, a current ratio of 5.02 and a debt to equity ratio of 3.91. LendingTree has a 52-week low of $17.59 and a 52-week high of $129.30.
LendingTree (NASDAQ:TREE – Get Rating) last released its quarterly earnings results on Monday, February 27th. The financial services firm reported earnings per share (EPS) of $0.38 for the quarter, beating analyst consensus estimates of ($0.34) by $0.72. LendingTree had a negative return on equity of 14.55% and a negative net margin of 19.08%. The company had revenue of $202.10 million for the quarter, compared to the consensus estimate of $208.13 million. In the same quarter last year, the company earned ($1.23) EPS. The company’s revenue fell 21.8% compared to the prior-year quarter. As a group, analysts expect LendingTree to report year-to-date EPS of -3.02.
Insider buying and selling at LendingTree
In other news from LendingTree, CEO Douglas R. Lebda acquired 18,268 shares of the company’s shares in a transaction on Monday, January 30th. The stock was purchased at an average price of $38.63 per share for a total transaction of $705,692.84. Upon completion of the purchase, the Chief Executive Officer now owns 214,859 shares of the Company, valued at approximately $8,300,003.17. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. 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. Upon completion of the acquisition, the Chief Executive Officer now owns 214,859 shares of the Company, valued at $8,300,003.17. The acquisition was announced in a legal filing with the SEC, which is available on the SEC’s website. In addition, CEO Douglas R. Lebda acquired 65,062 shares of the company’s shares in a transaction dated Monday, January 23. The stock was purchased at an average price of $32.03 per share for a total transaction of $2,083,935.86. Upon completion of the acquisition, the Chief Executive Officer now directly owns 65,062 shares of the Company, valued at approximately $2,083,935.86. The disclosure for this purchase can be found here. 17.90% of the shares are currently owned by company insiders.
Institutional inflows and outflows
Hedge funds recently changed their holdings in the company. Inspire Investing LLC increased its holdings of LendingTree stock by 74.9% during the third quarter. Inspire Investing LLC now owns 8,565 shares of the financial services firm, valued at $204,000, having purchased an additional 3,667 shares during the period. Jacobs Levy Equity Management Inc. increased its ownership of LendingTree stock by 82.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 217,735 shares of the financial services provider valued at $5,195,000 after purchasing an additional 98,669 shares during the period. Monaco Asset Management SAM acquired a new stake in LendingTree valued at approximately $429,000 during the third quarter. Quent Capital LLC increased its stake in LendingTree by 247.9% in the third quarter. Quent Capital LLC now owns 10,526 shares of the financial services firm, valued at $251,000, having purchased an additional 7,500 shares during the period. Finally, Barclays PLC increased its stake in LendingTree by 57.4% in the third quarter. Barclays PLC now owns 12,085 shares of the financial services provider, valued at $288,000, having purchased an additional 4,407 shares during the period. 83.16% of the shares are owned by institutional investors and hedge funds.
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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