Wall Street brokers expect LendingTree, Inc. (NASDAQ:TREE) to report $258.22 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have released earnings estimates for LendingTree, with the highest sales estimate at $258.83 million and the lowest estimate at $258.00 million. LendingTree reported sales of $222.33 million in the same quarter last year, indicating a positive year-over-year growth rate of 16.1%. The company is expected to announce its next quarterly earnings report before market open on Friday, February 25.
On average, analysts expect LendingTree to report annual sales of $1.10 billion for the current year, with estimates ranging from $1.10 billion to $1.11 billion. For the next fiscal year, analysts expect the company to post sales of $1.22 billion, with estimates ranging from $1.21 billion to $1.23 billion. Zacks Investment Research’s Sell Averages are an average based on a survey of sell-side research analysts who cover LendingTree.
A number of stock analysts have commented on TREE shares. StockNews.com moved LendingTree’s shares from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research reduced LendingTree shares from a “hold” rating to a “sell” rating and set a target price of $123.00 for the company. in a research report on Wednesday, December 1. Oppenheimer reduced his target price on LendingTree shares from $240.00 to $200.00 in a Thursday, Feb. 3 research report. Truist Financial reduced its target price on LendingTree shares from $275.00 to $250.00 in a Wednesday, January 26 research report. Finally, Susquehanna Bancshares reduced its target price on LendingTree shares from $310.00 to $265.00 in a Thursday, Feb. 3 research report. One financial analyst gave the stock a sell rating and seven gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $249.22.
Shares of TREE opened at $115.60 on Friday. The company has a debt ratio of 1.09, a quick ratio of 1.32 and a current ratio of 1.32. The company’s 50-day moving average price is $124.04 and its two-hundred-day moving average price is $143.18. LendingTree has a 52 week low of $105.00 and a 52 week high of $372.64. The company has a market capitalization of $1.54 billion, a P/E ratio of 134.42 and a beta of 1.52.
A number of hedge funds have recently bought and sold shares of TREE. FMR LLC increased its stake in LendingTree by 16.0% in the second quarter. FMR LLC now owns 926,548 shares of the financial services provider valued at $196,317,000 after purchasing an additional 127,978 shares last quarter. HST Ventures LLC acquired a new position in LendingTree during the fourth quarter worth approximately $10,992,000. State Street Corp increased its stake in LendingTree by 33.4% during the second quarter. State Street Corp now owns 348,042 shares of the financial services provider worth $73,743,000 after acquiring an additional 87,210 shares last quarter. Voloridge Investment Management LLC increased its stake in LendingTree by 640.9% during the third quarter. Voloridge Investment Management LLC now owns 80,486 shares of the financial services provider worth $11,254,000 after acquiring an additional 69,623 shares in the last quarter. Finally, Northern Trust Corp increased its stake in LendingTree by 73.5% during the second quarter. Northern Trust Corp now owns 159,872 shares of the financial services provider worth $33,874,000 after acquiring an additional 67,732 shares last quarter. 86.39% of the shares are held by institutional investors and hedge funds.
LendingTree Company Profile
LendingTree, Inc engages in the operation of an online lending marketplace for consumers seeking loans and other credit-based offerings. It operates through the following segments: Home, Consumer and Insurance. The Home segment includes purchase of mortgages, mortgage refinancing, home equity loans and lines of credit and reverse mortgages and real estate.
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