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.
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.
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