LendingTree (NASDAQ: TREE) released its results on Thursday. The financial services provider reported $ 0.75 of EPS for the quarter, beating the Thomson Reuters consensus estimate of ($ 0.56) by $ 1.31, Briefing.com reports. The company posted revenue of $ 297.40 million in the quarter, compared to analysts’ estimates of $ 292.57 million. LendingTree had a negative return on equity of 3.64% and a negative net margin of 0.74%. The company’s quarterly revenue is up 35.0% from the same quarter last year. During the same period of the previous year, the company posted ($ 1.33) earnings per share. LendingTree has updated its guidance for the fourth quarter of 2021 in terms of EPS.
TREE traded at $ 18.12 on Friday, rising to $ 159.35. The company’s shares had a trading volume of 15,693 shares, compared to its average volume of 302,298. The stock has a market capitalization of $ 2.12 billion, a price / earnings ratio of -228.67 and a beta of 1.48. LendingTree has a one-year low at $ 130.02 and a one-year high at $ 372.64. The company has a leverage ratio of 1.11, a current ratio of 1.23, and a quick ratio of 1.23. The company’s 50-day moving average is $ 156.43 and its 200-day moving average is $ 188.13.
In other LendingTree news, insider Neil Salvage sold 2,000 shares in a trade that took place on Monday, August 9. The stock was sold at an average price of $ 185.47, for a total trade of $ 370,940.00. As a result of the transaction, the insider now owns 3,475 shares of the company, valued at approximately $ 644,508.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Additionally, director Robin Henderson sold 735 shares in a trade that took place on Friday, August 27. The stock was sold for an average price of $ 170.00, for a total value of $ 124,950.00. As a result of the transaction, the director now directly owns 469 shares of the company, valued at approximately $ 79,730. Disclosure of this sale can be found here. Company insiders own 16.70% of the company’s shares.
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A hedge fund recently increased its stake in LendingTree stock. Morgan Stanley raised its stake in shares of LendingTree, Inc. (NASDAQ: TREE) by 185.3% in the second quarter, according to its latest filing with the Securities and Exchange Commission. The company held 53,185 shares of the financial services provider after purchasing an additional 34,543 shares during the quarter. Morgan Stanley owned approximately 0.40% of LendingTree valued at $ 11,269,000 at the time of its last filing with the Securities and Exchange Commission. Hedge funds and other institutional investors hold 94.29% of the company’s shares.
Several equity analysts recently commented on TREE stocks. Oppenheimer lowered its price target on LendingTree from $ 275.00 to $ 240.00 and set an “outperformance” rating for the company in a research note on Friday. Truist Securities lowered its price target on LendingTree from $ 320.00 to $ 275.00 and set a “buy” rating for the company in a research note Friday. Stephens lowered his price target on LendingTree from $ 365.00 to $ 265.00 and set an “overweight” rating for the company in a research note on Thursday, September 23. Finally, Truist lowered its price target on LendingTree from $ 320.00 to $ 275.00 and set a “buy” rating for the company in a research note on Friday. They noted that the move was an appraisal call. Nine analysts rated the stock with a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $ 296.11.
LendingTree Company Profile
LendingTree, Inc. is engaged in operating an online loan marketplace for consumers looking for loans and other credit offers. It operates in the following segments: home, consumer and insurance. The Home segment includes the purchase of mortgages, refinance mortgages, home equity loans and lines of credit, reverse mortgages and real estate.
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