Loan tree (NASDAQ: TREE – Get a rating) released its financial results on Thursday. The financial services provider reported earnings per share of $0.46 for the quarter, beating analyst consensus estimates of ($1.02) by $1.48, Briefing.com reports. The company posted revenue of $283.18 million in the quarter, compared to analyst estimates of $283.65 million. LendingTree had a net margin of 6.29% and a negative return on equity of 2.22%. The company’s revenue increased 3.8% year-over-year. In the same quarter of the previous year, the company achieved EPS of $0.18.
NASDAQ: TREE traded at $8.46 at midday Friday, hitting $72.32. The company’s stock had a trading volume of 417,833 shares, compared to an average volume of 208,658. LendingTree has a fifty-two-week low of $70.04 and a fifty-two-week high of $228.81 . The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt ratio of 1.07. The company has a market capitalization of $923.53 million, a price-earnings ratio of 25.55 and a beta of 1.60. The stock has a fifty-day moving average of $104.39 and a 200-day moving average of $118.97.
A number of research analysts have weighed in on TREE shares. Needham & Company LLC reduced its target price on LendingTree shares from $175.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, February 28. Truist Financial cut its price target on LendingTree shares from $240.00 to $185.00 in a research report on Friday. Northland Securities downgraded LendingTree shares from an “outperforming” rating to a “market performing” rating and set a price target of $90.00 for the company. in a research report Friday. Susquehanna cut its price target on LendingTree shares from $180.00 to $160.00 in a research report on Friday. To finish, StockNews.com began covering LendingTree shares in a research report on Thursday, March 31. They set a “holding” rating for the company. One equity research analyst assigned the stock a sell rating, three assigned a hold rating and four assigned the company’s stock a buy rating. According to data from MarketBeat, LendingTree currently has a consensus rating of “Hold” and an average target price of $161.89.
A number of large investors have been buying and selling stocks recently. Norges Bank purchased a new stake in LendingTree during the fourth quarter worth approximately $10,923,000. BlackRock Inc. increased its stake in LendingTree by 62.8% during the fourth quarter. BlackRock Inc. now owns 2,114,327 shares of the financial services provider worth $259,215,000 after purchasing an additional 815,531 shares in the last quarter. Comerica Bank increased its stake in LendingTree by 89.6% during the fourth quarter. Comerica Bank now owns 9,828 shares of the financial services provider worth $1,254,000 after buying 4,644 additional shares in the last quarter. Deutsche Bank AG increased its stake in LendingTree by 16.9% during the fourth quarter. Deutsche Bank AG now owns 81,193 shares of the financial services provider worth $9,955,000 after buying an additional 11,754 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in LendingTree by 2.6% during the fourth quarter. California State Teachers Retirement System now owns 16,493 shares of the financial services provider worth $2,022,000 after buying 424 additional shares in the last quarter. 86.31% of the shares are held by hedge funds and other institutional investors.
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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