Lendingtree (TREE) Upgraded to Buy at ValuEngine

Lendingtree (NASDAQ:TREE) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other equities analysts have also recently commented on TREE. Oppenheimer set a $300.00 price target on shares of Lendingtree and gave the stock a “buy” rating in a research note on Wednesday. BidaskClub lowered shares of Lendingtree from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Northland Securities upgraded shares of Lendingtree from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 31st. Deutsche Bank lowered their price objective on shares of Lendingtree from $290.00 to $270.00 and set a “hold” rating for the company in a report on Thursday, August 16th. Finally, Zacks Investment Research upgraded shares of Lendingtree from a “hold” rating to a “buy” rating and set a $253.00 price objective for the company in a report on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $323.88.

TREE stock opened at $242.74 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.33 and a quick ratio of 3.33. Lendingtree has a one year low of $183.25 and a one year high of $404.40. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 80.38, a P/E/G ratio of 1.91 and a beta of 2.18.

Lendingtree (NASDAQ:TREE) last released its quarterly earnings results on Thursday, November 1st. The financial services provider reported $1.92 EPS for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.61. Lendingtree had a net margin of 12.73% and a return on equity of 12.86%. The business had revenue of $197.10 million during the quarter, compared to analysts’ expectations of $199.28 million. During the same quarter in the previous year, the company earned $1.17 EPS. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, equities research analysts forecast that Lendingtree will post 3.69 earnings per share for the current fiscal year.

In other news, Director Steven Ozonian sold 975 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $247.83, for a total value of $241,634.25. Following the completion of the sale, the director now directly owns 7,344 shares in the company, valued at approximately $1,820,063.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 20.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. raised its holdings in Lendingtree by 84.2% during the 2nd quarter. Macquarie Group Ltd. now owns 353,187 shares of the financial services provider’s stock valued at $75,511,000 after buying an additional 161,407 shares during the last quarter. Keybank National Association OH raised its holdings in Lendingtree by 45.3% during the 2nd quarter. Keybank National Association OH now owns 4,510 shares of the financial services provider’s stock valued at $964,000 after buying an additional 1,407 shares during the last quarter. Granahan Investment Management Inc. MA raised its holdings in Lendingtree by 337.4% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 41,171 shares of the financial services provider’s stock valued at $8,802,000 after buying an additional 31,758 shares during the last quarter. Schroder Investment Management Group raised its holdings in Lendingtree by 35.4% during the 2nd quarter. Schroder Investment Management Group now owns 2,134 shares of the financial services provider’s stock valued at $448,000 after buying an additional 558 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Lendingtree by 12.4% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 4,584 shares of the financial services provider’s stock valued at $980,000 after buying an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

Lendingtree Company Profile

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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Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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