Analysts Set Lendingtree Inc (TREE) PT at $305.63

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Shares of Lendingtree Inc (NASDAQ:TREE) have received an average recommendation of “Buy” from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $305.63.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Lendingtree from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. BidaskClub upgraded Lendingtree from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th. SunTrust Banks restated a “hold” rating and issued a $260.00 price target on shares of Lendingtree in a research note on Tuesday, February 26th. Needham & Company LLC initiated coverage on Lendingtree in a research note on Wednesday, December 19th. They issued a “buy” rating and a $300.00 price target on the stock. Finally, Oppenheimer raised their price target on Lendingtree from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 22nd.

In other Lendingtree news, President Neil Salvage sold 1,305 shares of Lendingtree stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $326.11, for a total value of $425,573.55. Following the sale, the president now owns 7,130 shares of the company’s stock, valued at approximately $2,325,164.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven Ozonian sold 975 shares of Lendingtree stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $314.98, for a total value of $307,105.50. Following the completion of the sale, the director now directly owns 6,394 shares in the company, valued at approximately $2,013,982.12. The disclosure for this sale can be found here. Insiders sold a total of 27,280 shares of company stock worth $9,332,679 in the last ninety days. 20.50% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. Retirement Systems of Alabama raised its holdings in Lendingtree by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 9,688 shares of the financial services provider’s stock valued at $3,406,000 after acquiring an additional 41 shares during the last quarter. Scout Investments Inc. grew its stake in shares of Lendingtree by 197.3% during the 1st quarter. Scout Investments Inc. now owns 64,474 shares of the financial services provider’s stock valued at $22,666,000 after buying an additional 42,791 shares during the period. Virtu Financial LLC purchased a new stake in shares of Lendingtree during the 1st quarter valued at $454,000. Geode Capital Management LLC grew its stake in shares of Lendingtree by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 114,460 shares of the financial services provider’s stock valued at $25,131,000 after buying an additional 1,170 shares during the period. Finally, Norges Bank purchased a new stake in shares of Lendingtree during the 4th quarter valued at $12,737,000. Hedge funds and other institutional investors own 84.74% of the company’s stock.

Shares of NASDAQ TREE opened at $369.73 on Friday. The firm has a market capitalization of $4.67 billion, a PE ratio of 41.64, a P/E/G ratio of 2.80 and a beta of 2.40. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 0.89. Lendingtree has a 12-month low of $183.25 and a 12-month high of $372.91.

Lendingtree (NASDAQ:TREE) last announced its quarterly earnings data on Tuesday, February 26th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.04). The company had revenue of $202.70 million during the quarter, compared to analyst estimates of $208.14 million. Lendingtree had a net margin of 12.62% and a return on equity of 13.92%. The firm’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 earnings per share. As a group, analysts anticipate that Lendingtree will post 4.92 earnings per share for the current year.

Lendingtree Company Profile

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans 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.

Further Reading: What are Institutional Investors?

Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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