Zacks Investment Research upgraded shares of LendingTree, Inc. (NASDAQ:TREE) from a sell rating to a strong-buy rating in a research report report published on Thursday morning. Zacks Investment Research currently has $308.00 target price on the financial services provider’s stock.
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. “
TREE has been the topic of several other research reports. BWS Financial cut shares of LendingTree from a buy rating to a sell rating and set a $194.00 target price on the stock. in a report on Thursday, October 12th. Needham & Company LLC restated a buy rating and issued a $300.00 target price (up previously from $250.00) on shares of LendingTree in a report on Thursday, October 26th. Northland Securities restated a buy rating and issued a $280.00 target price on shares of LendingTree in a report on Thursday, October 26th. Citigroup Inc. restated an outperform rating and issued a $290.00 target price on shares of LendingTree in a report on Friday, October 27th. Finally, Stephens raised their target price on shares of LendingTree from $250.00 to $300.00 and gave the stock an overweight rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. LendingTree presently has an average rating of Buy and a consensus target price of $247.08.
LendingTree (TREE) opened at $273.20 on Thursday. 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 has a fifty-two week low of $79.71 and a fifty-two week high of $275.00. The stock has a market cap of $3,269.88, a P/E ratio of 83.04, a PEG ratio of 2.78 and a beta of 1.51.
LendingTree (NASDAQ:TREE) last issued its earnings results 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 net margin of 5.49% and a return on equity of 16.52%. The firm had revenue of $171.50 million for the quarter, compared to analysts’ expectations of $157.97 million. During the same quarter last year, the business earned $0.80 earnings per share. The business’s revenue was up 81.3% on a year-over-year basis. research analysts forecast that LendingTree will post 3.06 EPS for the current fiscal year.
In related news, CEO Douglas R. Lebda sold 4,000 shares of LendingTree stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $258.68, for a total value of $1,034,720.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven Ozonian sold 2,850 shares of LendingTree stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $223.05, for a total transaction of $635,692.50. Following the completion of the sale, the director now owns 14,029 shares in the company, valued at approximately $3,129,168.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,850 shares of company stock worth $6,875,633. 21.90% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. lifted its position 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 valued at $135,000 after buying an additional 752 shares during the period. SG Americas Securities LLC purchased a new position in LendingTree during the second quarter valued at $148,000. Aperio Group LLC purchased a new position in LendingTree during the third quarter valued at $201,000. Seven Eight Capital LP purchased a new position in LendingTree during the second quarter valued at $207,000. Finally, Profund Advisors LLC purchased a new position in LendingTree during the second quarter valued at $210,000. 70.55% of the stock is owned by institutional investors and hedge funds.
LendingTree Company Profile
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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