Lendingtree (NASDAQ:TREE)‘s stock had its “buy” rating restated by equities research analysts at Compass Point in a research note issued on Tuesday, April 30th, MarketBeat.com reports. They presently have a $345.00 target price on the financial services provider’s stock, up from their prior target price of $305.00. Compass Point’s target price would indicate a potential downside of 8.97% from the stock’s previous close.
TREE has been the topic of several other research reports. Northland Securities restated a “hold” rating on shares of Lendingtree in a research note on Friday, April 26th. Zacks Investment Research raised Lendingtree from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. BidaskClub raised Lendingtree from a “hold” rating to a “buy” rating in a research report on Tuesday, January 15th. SunTrust Banks reaffirmed a “hold” rating and issued a $260.00 price objective on shares of Lendingtree in a research report on Tuesday, February 26th. Finally, Oppenheimer upped their price objective on Lendingtree from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, February 22nd. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Lendingtree has an average rating of “Buy” and an average price target of $340.40.
Shares of TREE stock traded up $0.85 during midday trading on Tuesday, reaching $379.01. 122,480 shares of the stock were exchanged, compared to its average volume of 179,929. Lendingtree has a 1 year low of $183.25 and a 1 year high of $400.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 42.68, a price-to-earnings-growth ratio of 3.56 and a beta of 2.38.
Lendingtree (NASDAQ:TREE) last posted its earnings results on Friday, April 26th. The financial services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.56. The firm had revenue of $262.40 million for the quarter, compared to the consensus estimate of $239.73 million. Lendingtree had a return on equity of 13.71% and a net margin of 7.62%. The business’s revenue for the quarter was up 45.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. Sell-side analysts forecast that Lendingtree will post 3.85 earnings per share for the current year.
In other news, President Neil Salvage sold 1,370 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $393.00, for a total transaction of $538,410.00. Following the transaction, the president now directly owns 10,671 shares of the company’s stock, valued at approximately $4,193,703. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gabriel Dalporto sold 637 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $386.34, for a total value of $246,098.58. Following the completion of the transaction, the director now directly owns 187 shares in the company, valued at $72,245.58. The disclosure for this sale can be found here. Insiders have sold a total of 30,937 shares of company stock worth $10,732,737 over the last three months. Insiders own 17.90% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Kore Private Wealth LLC bought a new position in Lendingtree in the 1st quarter worth $28,000. Whittier Trust Co. raised its holdings in Lendingtree by 488.2% in the 4th quarter. Whittier Trust Co. now owns 200 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 166 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in Lendingtree by 314.3% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 145 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 110 shares during the period. US Bancorp DE raised its holdings in Lendingtree by 2,212.5% in the 1st quarter. US Bancorp DE now owns 185 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 177 shares during the period. Finally, Toronto Dominion Bank bought a new position in Lendingtree in the 4th quarter worth $71,000. 86.25% of the stock is currently owned by institutional investors.
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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