Other analysts have also issued reports about the stock. Northland Securities restated a hold rating on shares of Lendingtree in a research report on Friday, April 26th. Royal Bank of Canada lowered shares of Roku from an outperform rating to a sector perform rating and set a $90.00 price target on the stock. in a research report on Monday, July 1st. They noted that the move was a valuation call. Deutsche Bank lowered shares of RIGHTMOVE PLC/ADR from a buy rating to a hold rating in a research report on Monday, April 29th. Compass Point restated a buy rating and issued a $345.00 price target (up from $305.00) on shares of Lendingtree in a research report on Tuesday, April 30th. Finally, Bank of America restated a buy rating and issued a $420.00 price target (up from $400.00) on shares of Lendingtree in a research report on Monday, April 29th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Lendingtree currently has an average rating of Hold and a consensus price target of $356.56.
NASDAQ TREE opened at $432.68 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.72. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 123.62, a price-to-earnings-growth ratio of 4.01 and a beta of 2.25. The stock has a fifty day moving average of $399.63. Lendingtree has a 52-week low of $183.25 and a 52-week high of $434.94.
Lendingtree (NASDAQ:TREE) last posted its quarterly earnings results on Friday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.56. The company had revenue of $262.40 million for the quarter, compared to analyst estimates of $239.73 million. Lendingtree had a net margin of 7.62% and a return on equity of 13.71%. The business’s quarterly revenue was up 45.0% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. Sell-side analysts forecast that Lendingtree will post 3.85 earnings per share for the current year.
In other news, Director Gabriel Dalporto sold 637 shares of Lendingtree stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $386.34, for a total transaction of $246,098.58. Following the sale, the director now directly owns 187 shares in the company, valued at approximately $72,245.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven Ozonian sold 1,650 shares of Lendingtree stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $373.06, for a total transaction of $615,549.00. Following the sale, the director now owns 5,467 shares in the company, valued at $2,039,519.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,380 shares of company stock worth $20,469,998. 17.90% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Meridian Wealth Management LLC bought a new position in Lendingtree during the 1st quarter valued at about $35,000. Amundi Pioneer Asset Management Inc. bought a new position in Lendingtree during the 4th quarter valued at about $108,000. Strs Ohio bought a new position in Lendingtree during the 1st quarter valued at about $140,000. Magnus Financial Group LLC bought a new position in Lendingtree during the 1st quarter valued at about $243,000. Finally, Blueshift Asset Management LLC bought a new position in Lendingtree during the 4th quarter valued at about $246,000. Institutional investors and hedge funds own 84.97% of the company’s stock.
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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