LendingTree, Inc. (NASDAQ:TREE – Get a rating) earned a consensus rating of “Hold” from the ten rating agencies that cover the company, Marketbeat reports. One investment analyst rated the stock with a sell recommendation, three assigned a hold recommendation and three gave the company a buy recommendation. The 1-year average price target among brokerages that updated their coverage on the stock in the past year is $161.89.
TREE has been the subject of several research analyst reports. Keefe, Bruyette & Woods launched a hedge on LendingTree shares in a research report on Monday, February 14. They issued a “market performance” rating and a target price of $139.00 for the company. Susquehanna reduced its price target on LendingTree from $180.00 to $160.00 in a Friday May 6 research note. Needham & Company LLC reduced its price target on LendingTree from $175.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, February 28. Susquehanna Bancshares lowered its price target on LendingTree from $180.00 to $160.00 in a Friday May 6 research note. Finally, Northland Securities downgraded LendingTree from an “outperform” rating to a “market perform” rating and set a price target of $90.00 for the stock. in a Friday May 6 research note.
TREE was down $1.62 on Friday, hitting $62.95. The company’s stock had a trading volume of 173,634 shares, compared to an average trading volume of 223,723. The stock has a market capitalization of $803.62 million, a price-earnings ratio of 22.24 and a beta of 1.60. LendingTree has a 1-year minimum of $58.89 and a 1-year maximum of $228.81. The company has a debt ratio of 1.66, a current ratio of 1.18 and a quick ratio of 1.18. The company’s 50-day moving average is $97.36 and its 200-day moving average is $113.84.
LendingTree (NASDAQ:TREE – Get a rating) last released its quarterly results on Thursday, May 5. The financial services provider reported ($0.62) earnings per share for the quarter, beating analyst consensus estimates of ($1.02) by $0.40. The company posted revenue of $283.18 million in the quarter, compared to a consensus estimate of $283.65 million. LendingTree had a net margin of 3.54% and a negative return on equity of 4.84%. The company’s quarterly revenue increased by 3.8% compared to the same quarter last year. In the same quarter last year, the company earned earnings per share of $0.18. As a group, research analysts expect LendingTree to post -2.21 earnings per share for the current fiscal year.
Separately, director Mark A. Ernst purchased 10,000 shares of the company in a transaction on Monday, May 9. The shares were purchased at an average cost of $65.67 per share, with a total value of $656,700.00. Following completion of the transaction, the director now directly owns 10,000 shares of the company, valued at $656,700. The acquisition was disclosed in a filing with the Securities & Exchange Commission, available at this link. 16.70% of the shares are held by insiders of the company.
Hedge funds have recently changed their stock holdings. BlackRock Inc. increased its stake in LendingTree by 62.8% during the 4th quarter. BlackRock Inc. now owns 2,114,327 shares of the financial services provider valued at $259,215,000 after acquiring an additional 815,531 shares last quarter. Vanguard Group Inc. increased its stake in LendingTree by 2.2% in the first quarter. Vanguard Group Inc. now owns 1,260,887 shares of the financial services provider worth $150,890,000 after purchasing an additional 26,934 shares during the period. Bernzott Capital Advisors increased its position in LendingTree by 38.3% in Q1. Bernzott Capital Advisors now owns 217,358 shares of the financial services provider valued at $26,011,000 after buying an additional 60,154 shares last quarter. Geode Capital Management LLC increased its stake in LendingTree by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 199,267 shares of the financial services provider valued at $27,863,000 after purchasing an additional 1,626 shares during the period. Finally, Invesco Ltd. increased its position in LendingTree shares by 1.8% during the 4th quarter. Invesco Ltd. now owns 187,258 shares of the financial services provider worth $22,958,000 after buying 3,303 more shares last quarter. 86.31% of the shares are held by institutional investors and hedge funds.
About LendingTree (Get a rating)
LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, operates an online consumer platform in the United States. It operates through three segments: Home, Consumer and Insurance. The Home segment offers purchase mortgages, mortgage refinances, reverse mortgages and home equity loans; Lines of credit; and real estate brokerage services.
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