Other equities research analysts also recently issued reports about the company. ValuEngine downgraded Lendingtree from a buy rating to a hold rating in a research report on Tuesday, December 3rd. UBS Group upgraded Lendingtree from a neutral rating to a buy rating and raised their target price for the company from $355.00 to $395.00 in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. initiated coverage on Lendingtree in a research report on Friday, November 22nd. They set an overweight rating and a $405.00 target price on the stock. SunTrust Banks dropped their target price on Lendingtree to $335.00 and set a hold rating on the stock in a research report on Tuesday, October 29th. They noted that the move was a valuation call. Finally, Northland Securities initiated coverage on Lendingtree in a research report on Friday, December 6th. They set a hold rating and a $375.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Lendingtree presently has a consensus rating of Hold and an average price target of $361.27.
TREE traded down $13.95 during midday trading on Wednesday, hitting $292.13. 10,833 shares of the company were exchanged, compared to its average volume of 77,679. The company’s 50 day simple moving average is $355.00 and its 200 day simple moving average is $351.41. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 5.55 and a beta of 2.12. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. Lendingtree has a 1-year low of $199.15 and a 1-year high of $434.94.
Lendingtree (NASDAQ:TREE) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $2.25 earnings per share for the quarter, topping the consensus estimate of $0.63 by $1.62. The company had revenue of $310.60 million for the quarter, compared to the consensus estimate of $295.26 million. Lendingtree had a return on equity of 14.58% and a net margin of 1.20%. The firm’s revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period last year, the firm earned $1.92 EPS. On average, equities analysts anticipate that Lendingtree will post 2.22 EPS for the current year.
In other news, Director Peter Horan sold 500 shares of the firm’s stock in a transaction dated 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 approximately $6,903,488.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.90% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of TREE. Rehmann Capital Advisory Group lifted its stake in Lendingtree by 240.0% in the 2nd quarter. Rehmann Capital Advisory Group now owns 85 shares of the financial services provider’s stock valued at $36,000 after buying an additional 60 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in Lendingtree in the 2nd quarter valued at about $81,000. Tower Research Capital LLC TRC lifted its stake in Lendingtree by 1,293.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 209 shares of the financial services provider’s stock valued at $88,000 after buying an additional 194 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Lendingtree in the 3rd quarter valued at about $93,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in Lendingtree by 99.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 289 shares of the financial services provider’s stock valued at $121,000 after buying an additional 144 shares in the last quarter. Hedge funds and other 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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