Lendingtree (TREE) Reaches New 12-Month Low at $202.42

Lendingtree Inc (NASDAQ:TREE) shares reached a new 52-week low on Thursday . The company traded as low as $202.42 and last traded at $206.64, with a volume of 12689 shares changing hands. The stock had previously closed at $210.18.

TREE has been the topic of a number of recent analyst reports. Compass Point lowered shares of Lendingtree from a “buy” rating to a “neutral” rating and dropped their price target for the company from $350.00 to $275.00 in a research report on Tuesday, June 26th. ValuEngine downgraded shares of Lendingtree from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Northland Securities downgraded shares of Lendingtree from an “outperform” rating to a “market perform” rating in a report on Friday, July 27th. Zacks Investment Research downgraded shares of Lendingtree from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. Finally, BidaskClub downgraded shares of Lendingtree from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. Lendingtree presently has an average rating of “Hold” and an average target price of $327.76.

The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $2.95 billion, a PE ratio of 65.99, a PEG ratio of 1.52 and a beta of 2.11.

Lendingtree (NASDAQ:TREE) last posted its earnings results on Thursday, July 26th. The financial services provider reported $1.47 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.69. The firm had revenue of $184.10 million during the quarter, compared to the consensus estimate of $194.88 million. Lendingtree had a net margin of 10.82% and a return on equity of 12.09%. The company’s revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the company earned $0.90 earnings per share. Analysts forecast that Lendingtree Inc will post 3.62 earnings per share for the current fiscal year.

In other news, Director Peter Horan sold 1,000 shares of Lendingtree stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $244.51, for a total value of $244,510.00. Following the completion of the transaction, the director now owns 24,015 shares in the company, valued at $5,871,907.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas R. Lebda sold 14,750 shares of Lendingtree stock in a transaction dated Tuesday, July 17th. The stock was sold at an average price of $239.37, for a total transaction of $3,530,707.50. Following the completion of the transaction, the chief executive officer now owns 534,354 shares of the company’s stock, valued at approximately $127,908,316.98. The disclosure for this sale can be found here. Insiders sold 15,752 shares of company stock valued at $3,775,698 in the last quarter. Corporate insiders own 20.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP purchased a new position in shares of Lendingtree in the second quarter worth about $203,000. Xact Kapitalforvaltning AB increased its stake in shares of Lendingtree by 43.7% in the first quarter. Xact Kapitalforvaltning AB now owns 986 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 300 shares in the last quarter. Alps Advisors Inc. purchased a new position in shares of Lendingtree in the second quarter worth about $235,000. Sunbelt Securities Inc. purchased a new position in Lendingtree during the second quarter valued at approximately $243,000. Finally, New Jersey Better Educational Savings Trust purchased a new position in Lendingtree during the second quarter valued at approximately $257,000. Hedge funds and other institutional investors own 84.22% of the company’s stock.

About Lendingtree (NASDAQ:TREE)

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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