LendingTree, Inc. (NASDAQ:TREE) was upgraded by Zacks Investment Research from a “sell” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, November 2nd. The brokerage currently has a $308.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 14.60% from the company’s current price.
According to Zacks, “LendingTree is the nation’s leading online loan marketplace, empowering consumers as they comparison-shop across a full suite of loan and credit-based offerings. LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 55 million loan requests. LendingTree provides free monthly credit scores through My LendingTree and access to its network of over 350 lenders offering home loans, personal loans, credit cards, student loans, business loans, home equity loans/lines of credit, auto loans and more. LendingTree, LLC is a subsidiary of LendingTree, Inc. “
Several other research analysts have also recently issued reports on TREE. Northland Securities restated a “buy” rating and issued a $150.00 price objective on shares of LendingTree in a research note on Tuesday, July 25th. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price target (up from $200.00) on shares of LendingTree in a research report on Thursday, July 27th. Royal Bank Of Canada lifted their price target on LendingTree from $160.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Stephens reiterated an “overweight” rating and set a $250.00 price target (up from $200.00) on shares of LendingTree in a research report on Sunday, July 30th. Finally, Bank of America Corporation lifted their price target on LendingTree from $250.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $247.08.
Shares of LendingTree (TREE) opened at $268.75 on Thursday. LendingTree has a twelve month low of $87.16 and a twelve month high of $280.80. The firm has a market capitalization of $3,166.94, a PE ratio of 80.43, a price-to-earnings-growth ratio of 2.69 and a beta of 1.51. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78.
LendingTree (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.20. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The firm had revenue of $171.50 million during the quarter, compared to analysts’ expectations of $157.97 million. During the same period last year, the business posted $0.80 earnings per share. The company’s revenue for the quarter was up 81.3% compared to the same quarter last year. sell-side analysts forecast that LendingTree will post 3.06 EPS for the current year.
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In other news, CEO Douglas R. Lebda sold 4,000 shares of LendingTree stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $222.64, for a total value of $890,560.00. Following the sale, the chief executive officer now directly owns 484,992 shares of the company’s stock, valued at $107,978,618.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Neil Salvage sold 1,500 shares of LendingTree stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $267.08, for a total value of $400,620.00. Following the completion of the sale, the president now directly owns 12,907 shares in the company, valued at $3,447,201.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,810 shares of company stock worth $13,425,828. 21.90% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of TREE. Invictus RG acquired a new position in LendingTree during the third quarter worth $104,000. Advisor Group Inc. boosted its stake in LendingTree by 61.7% during the third quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock worth $128,000 after buying an additional 201 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in LendingTree by 2,685.7% during the second quarter. Meeder Asset Management Inc. now owns 780 shares of the financial services provider’s stock worth $135,000 after buying an additional 752 shares during the last quarter. SG Americas Securities LLC acquired a new position in LendingTree during the second quarter worth $148,000. Finally, Aperio Group LLC acquired a new position in LendingTree during the third quarter worth $201,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.
LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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