Northland Securities initiated coverage on shares of Lendingtree (NASDAQ:TREE) in a report issued on Friday morning, Stock Target Advisor reports. The firm issued a hold rating and a $375.00 target price on the financial services provider’s stock.
A number of other research firms have also recently issued reports on TREE. SunTrust Banks cut their price target on Lendingtree to $335.00 and set a hold rating on the stock in a report on Tuesday, October 29th. They noted that the move was a valuation call. ValuEngine lowered shares of Lendingtree from a buy rating to a hold rating in a research note on Tuesday, December 3rd. Oppenheimer dropped their target price on shares of Lendingtree from $415.00 to $400.00 and set an outperform rating on the stock in a research report on Tuesday, October 22nd. UBS Group raised shares of Lendingtree from a neutral rating to a buy rating and increased their target price for the stock from $355.00 to $395.00 in a research note on Tuesday, September 3rd. Finally, Zacks Investment Research raised shares of Lendingtree from a strong sell rating to a hold rating and set a $264.00 target price on the stock in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $364.91.
TREE stock opened at $337.41 on Friday. Lendingtree has a 1-year low of $199.15 and a 1-year high of $434.94. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average price of $354.98 and a 200-day moving average price of $352.00. The firm has a market cap of $4.56 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 5.78 and a beta of 2.12.
Lendingtree (NASDAQ:TREE) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.25 EPS for the quarter, topping the consensus estimate of $0.63 by $1.62. The business had revenue of $310.60 million during the quarter, compared to analysts’ expectations of $295.26 million. Lendingtree had a return on equity of 14.58% and a net margin of 1.20%. The firm’s revenue was up 57.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 earnings per share. On average, analysts forecast that Lendingtree will post 2.22 earnings per share for the current year.
In related news, Director Peter Horan sold 500 shares of Lendingtree stock in a transaction on Monday, November 11th. The stock was sold at an average price of $364.82, for a total transaction of $182,410.00. Following the sale, the director now directly owns 18,923 shares in the company, valued at $6,903,488.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in TREE. Voloridge Investment Management LLC purchased a new stake in shares of Lendingtree in the second quarter worth $3,720,000. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Lendingtree by 2.5% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 2,185 shares of the financial services provider’s stock valued at $678,000 after acquiring an additional 54 shares during the last quarter. Keybank National Association OH boosted its position in shares of Lendingtree by 142.8% during the 3rd quarter. Keybank National Association OH now owns 2,409 shares of the financial services provider’s stock valued at $748,000 after acquiring an additional 1,417 shares during the last quarter. Comerica Bank grew its holdings in shares of Lendingtree by 1.0% during the third quarter. Comerica Bank now owns 4,400 shares of the financial services provider’s stock worth $1,382,000 after purchasing an additional 45 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. purchased a new position in shares of Lendingtree during the second quarter worth about $420,000. Institutional investors own 78.12% of the company’s stock.
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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