Brokerages Set Lendingtree Inc (TREE) Target Price at $305.63

Shares of Lendingtree Inc (NASDAQ:TREE) have been assigned an average rating of “Buy” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $305.63.

A number of brokerages recently commented on TREE. ValuEngine upgraded Lendingtree from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Northland Securities cut Lendingtree from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 26th. Zacks Investment Research cut Lendingtree from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 5th. BidaskClub raised Lendingtree from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 25th. Finally, SunTrust Banks increased their target price on Lendingtree to $285.00 and gave the stock a “positive” rating in a research note on Wednesday, February 27th. They noted that the move was a valuation call.

In related news, President Neil Salvage sold 5,000 shares of Lendingtree stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $320.00, for a total transaction of $1,600,000.00. Following the sale, the president now owns 11,025 shares of the company’s stock, valued at approximately $3,528,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carla Shumate sold 2,495 shares of Lendingtree stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $350.00, for a total value of $873,250.00. Following the sale, the insider now directly owns 5,152 shares in the company, valued at approximately $1,803,200. The disclosure for this sale can be found here. In the last three months, insiders sold 27,280 shares of company stock worth $9,332,679. 20.50% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Texas Permanent School Fund grew its holdings in Lendingtree by 4.1% during the 4th quarter. Texas Permanent School Fund now owns 4,869 shares of the financial services provider’s stock valued at $1,069,000 after buying an additional 192 shares in the last quarter. Lisanti Capital Growth LLC purchased a new position in Lendingtree during the 4th quarter valued at $3,367,000. MetLife Investment Advisors LLC boosted its holdings in Lendingtree by 18.4% during the 3rd quarter. MetLife Investment Advisors LLC now owns 10,092 shares of the financial services provider’s stock valued at $2,322,000 after acquiring an additional 1,568 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in Lendingtree by 9.0% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 275,020 shares of the financial services provider’s stock valued at $60,386,000 after acquiring an additional 22,715 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in Lendingtree by 13.2% during the 3rd quarter. Macquarie Group Ltd. now owns 399,730 shares of the financial services provider’s stock valued at $91,978,000 after acquiring an additional 46,543 shares during the period. 84.74% of the stock is currently owned by institutional investors.

Shares of TREE stock opened at $369.73 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.72. Lendingtree has a fifty-two week low of $183.25 and a fifty-two week high of $372.91. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 41.64, a P/E/G ratio of 2.80 and a beta of 2.40.

Lendingtree (NASDAQ:TREE) last announced its quarterly earnings data on Tuesday, February 26th. The financial services provider reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.04). The company had revenue of $202.70 million during the quarter, compared to the consensus estimate of $208.14 million. Lendingtree had a net margin of 12.62% and a return on equity of 13.92%. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 EPS. On average, equities analysts predict that Lendingtree will post 4.92 EPS for the current year.

Lendingtree Company Profile

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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