Compass Point lowered shares of Lendingtree (NASDAQ:TREE) from a buy rating to a neutral rating in a research note published on Tuesday, Marketbeat.com reports. The brokerage currently has $275.00 price target on the financial services provider’s stock, down from their prior price target of $350.00.
Other research analysts have also recently issued reports about the company. Stephens increased their price target on Lendingtree from $385.00 to $420.00 and gave the company an overweight rating in a research report on Monday, March 19th. They noted that the move was a valuation call. Susquehanna Bancshares began coverage on Lendingtree in a research report on Wednesday, March 7th. They set a neutral rating and a $325.00 price target for the company. Deutsche Bank began coverage on Lendingtree in a research report on Wednesday, May 30th. They set a hold rating for the company. BidaskClub cut Lendingtree from a hold rating to a sell rating in a research report on Wednesday, May 30th. Finally, Zacks Investment Research cut Lendingtree from a buy rating to a strong sell rating in a research report on Thursday, May 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $343.07.
Lendingtree opened at $210.15 on Tuesday, Marketbeat Ratings reports. Lendingtree has a fifty-two week low of $166.85 and a fifty-two week high of $404.40. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.73. The stock has a market cap of $2.63 billion, a PE ratio of 69.59, a PEG ratio of 1.72 and a beta of 1.80.
Lendingtree (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, April 26th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.02). Lendingtree had a net margin of 6.04% and a return on equity of 11.81%. The company had revenue of $181.00 million for the quarter, compared to analyst estimates of $174.13 million. During the same period last year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 36.6% on a year-over-year basis. equities research analysts anticipate that Lendingtree will post 3.37 EPS for the current fiscal year.
In other Lendingtree news, CEO Douglas R. Lebda sold 14,750 shares of the company’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $323.22, for a total value of $4,767,495.00. Following the sale, the chief executive officer now owns 517,706 shares in the company, valued at $167,332,933.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director G Kennedy Thompson acquired 1,000 shares of the company’s stock in a transaction on Friday, April 27th. The stock was acquired at an average price of $248.13 per share, for a total transaction of $248,130.00. Following the purchase, the director now directly owns 11,252 shares of the company’s stock, valued at $2,791,958.76. The disclosure for this purchase can be found here. Insiders sold 370,039 shares of company stock worth $103,405,571 in the last 90 days. Corporate insiders own 20.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in TREE. Schwab Charles Investment Management Inc. increased its stake in shares of Lendingtree by 1.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 34,069 shares of the financial services provider’s stock worth $11,599,000 after purchasing an additional 634 shares during the period. Aperio Group LLC increased its stake in shares of Lendingtree by 22.2% during the fourth quarter. Aperio Group LLC now owns 1,006 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 183 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Lendingtree during the fourth quarter worth approximately $898,000. California Public Employees Retirement System increased its stake in shares of Lendingtree by 2.7% during the fourth quarter. California Public Employees Retirement System now owns 21,804 shares of the financial services provider’s stock worth $7,423,000 after purchasing an additional 565 shares during the period. Finally, Swiss National Bank increased its stake in shares of Lendingtree by 3.1% during the fourth quarter. Swiss National Bank now owns 13,150 shares of the financial services provider’s stock worth $4,477,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 78.25% of the company’s stock.
LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings 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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