Northland Securities Initiates Coverage on Lendingtree (NASDAQ:TREE)

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Northland Securities initiated coverage on shares of Lendingtree (NASDAQ:TREE) in a research note published on Friday, Stock Target Advisor reports. The firm issued a hold rating and a $375.00 price target on the financial services provider’s stock.

A number of other research analysts have also issued reports on TREE. BidaskClub lowered shares of Lendingtree from a hold rating to a sell rating in a research note on Tuesday, November 19th. Zacks Investment Research upgraded shares of Lendingtree from a strong sell rating to a hold rating and set a $264.00 price objective for the company in a research report on Friday, September 27th. UBS Group raised Lendingtree from a neutral rating to a buy rating and lifted their price objective for the company from $355.00 to $395.00 in a report on Tuesday, September 3rd. SunTrust Banks dropped their target price on Lendingtree to $335.00 and set a hold rating on the stock in a research report on Tuesday, October 29th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. started coverage on Lendingtree in a research report on Friday, November 22nd. They issued an overweight rating and a $405.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $364.91.

Shares of TREE opened at $350.84 on Friday. Lendingtree has a fifty-two week low of $199.15 and a fifty-two week high of $434.94. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 39.51, a price-to-earnings-growth ratio of 5.84 and a beta of 2.12. The firm has a 50-day simple moving average of $353.13 and a 200-day simple moving average of $352.55. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.73.

Lendingtree (NASDAQ:TREE) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $2.25 earnings per share for the quarter, beating the consensus estimate of $0.63 by $1.62. Lendingtree had a return on equity of 14.58% and a net margin of 1.20%. The company had revenue of $310.60 million for the quarter, compared to the consensus estimate of $295.26 million. During the same period last year, the business posted $1.92 EPS. The company’s revenue was up 57.6% on a year-over-year basis. Equities research analysts forecast that Lendingtree will post 2.22 EPS for the current year.

In other news, Director Peter Horan sold 500 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $364.82, for a total value of $182,410.00. Following the sale, the director now directly owns 18,923 shares in the company, valued at $6,903,488.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.90% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group boosted its stake in shares of Lendingtree by 240.0% during the second quarter. Rehmann Capital Advisory Group now owns 85 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 60 shares during the last quarter. Pinebridge Investments L.P. purchased a new stake in Lendingtree during the 2nd quarter worth about $81,000. Tower Research Capital LLC TRC increased its position in Lendingtree by 1,293.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 209 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 194 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Lendingtree in the 3rd quarter valued at about $93,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Lendingtree by 99.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 289 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 144 shares during the last quarter. 78.15% of the stock is owned by institutional investors.

About Lendingtree

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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Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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