LendingTree (NASDAQ:TREE – Get Free Report) was downgraded to a “hold” from a “buy” rating by investment analysts at StockNews.com in a research note issued to investors on Monday.
Other equities analysts have also issued research reports on the stock. Susquehanna increased their price target on shares of LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Oppenheimer increased their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Needham & Company LLC increased their price target on shares of LendingTree from $56.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Stephens increased their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, Northland Securities raised their price target on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, July 26. Three equities analysts have rated the stock with a “hold” rating and six have given a “buy” rating. Based on data from MarketBeat, the stock currently has a consensus rating of “moderate buy” and a consensus price target of $58.13.
Check out our latest analysis on TREE
LendingTree price development
TREE shares opened at $46.22 on Monday. The company has a market cap of $616.57 million, a P/E ratio of -4.45 and a beta of 2.11. The company’s 50-day moving average is $45.40 and its 200-day moving average is $41.39. LendingTree has a one year low of $10.12 and a one year high of $59.00. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 3.71.
LendingTree (NASDAQ:TREE – Get Free Report) last announced its quarterly results on Thursday, July 25. The financial services provider reported earnings per share (EPS) of $0.54 for the quarter, missing the consensus estimate of $0.73 by ($0.19). The company had revenue of $210.10 million for the quarter, compared to the consensus estimate of $187.41 million. LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%. The company’s revenue for the quarter increased 15.1% compared to the year-ago quarter. During the same period last year, the company generated earnings per share of $0.43. As a group, equities analysts expect that LendingTree will post earnings per share of -$0.52 for the current year.
Insider transactions at LendingTree
In related news, Director Steven Ozonian sold 1,610 shares of the company’s stock on Friday, May 24. The shares were sold at an average price of $44.31, for a total transaction of $71,339.10. Following the transaction, the director now directly owns 6,784 shares of the company’s stock, valued at approximately $300,599.04. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this link. Insiders own 23.40% of the company’s stock.
LendingTree Institutional Trading
Large investors have recently been buying and selling shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of LendingTree by 1.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,280 shares of the financial services provider’s stock valued at $979,000 after buying an additional 553 shares in the last quarter. Bristlecone Advisors LLC acquired a new stake in shares of LendingTree in the fourth quarter valued at about $201,000. Intellectus Partners LLC increased its stake in shares of LendingTree by 29.6% in the fourth quarter. Intellectus Partners LLC now owns 20,800 shares of the financial services provider’s stock valued at $631,000 after buying an additional 4,750 shares during the same period. Los Angeles Capital Management LLC acquired a new stake in LendingTree in the fourth quarter valued at about $1,946,000. Finally, Charles Schwab Investment Management Inc. increased its stake in LendingTree by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 227,302 shares of the financial services provider’s stock valued at $6,892,000 after purchasing an additional 11,753 shares during the period. Hedge funds and other institutional investors own 68.26% of the company’s stock.
LendingTree Company Profile
(Get free report)
LendingTree, Inc., through its subsidiary, operates an online consumer platform in the United States. The company operates in three segments: Home, Consumer and Insurance. The Home segment offers purchase mortgages, refinance mortgages and home equity loans and lines of credit, as well as real estate brokerage services.
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