LendingTree (NASDAQ:TREE) shares the gap up to $43.82

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LendingTree, Inc. Shares (NASDAQ: TREEGet a rating) widened ahead of Friday’s trading. The stock had previously closed at $43.82, but opened at $44.83. LendingTree shares last traded at $45.15, with volume traded at 1,105 shares.

Several analysts have commented on the title. William Blair reaffirmed an “outperform” rating on LendingTree shares in a Friday, June 3 research note. Susquehanna Bancshares lowered its target price on LendingTree shares from $180.00 to $160.00 in a Friday May 6 research note. Susquehanna lowered its target price on LendingTree shares from $180.00 to $160.00 in a Friday May 6 research note. Needham & Company LLC cut its price target on LendingTree shares from $105.00 to $62.00 and set a “buy” rating on the stock in a Friday, June 24 report. Finally, Oppenheimer reiterated an “outperform” rating and issued a $190.00 price target on LendingTree shares in a Monday, March 28 report. Three investment analysts gave the stock a hold rating and five gave the company a buy rating. Based on data from MarketBeat, LendingTree has an average rating of “Moderate Buy” and a consensus price target of $149.50.

The company has a debt ratio of 1.66, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $588.26 million, a price-earnings ratio of 16.28 and a beta of 1.62. The stock’s fifty-day simple moving average is $62.50 and its two-hundred-day simple moving average is $98.02.

Loan Tree (NASDAQ: TREEGet a rating) last reported results on Thursday, May 5. The financial services provider reported ($0.62) earnings per share for the quarter, beating the consensus estimate of ($1.02) by $0.40. The company posted revenue of $283.18 million for the quarter, versus analyst estimates 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 3.8% year over year. In the same quarter a year earlier, the company posted EPS of $0.18. Analysts predict LendingTree, Inc. will post -2.07 EPS for the current fiscal year.

In other LendingTree news, Director Mark A. Ernst purchased 10,000 shares of LendingTree in a trade that took place on Monday, May 9. The shares were acquired at an average price of $65.67 per share, for a total transaction of $656,700.00. Following the acquisition, the director now owns 10,000 shares of the company, valued at approximately $656,700. The acquisition was disclosed in an SEC filing, available at this link. Insiders hold 16.70% of the shares of the company.

A number of hedge funds have recently changed their holdings in TREE. UBS Asset Management Americas Inc. increased its stake in LendingTree by 96.1% in the third quarter. UBS Asset Management Americas Inc. now owns 29,990 shares of the financial services provider worth $4,194,000 after buying an additional 14,700 shares last quarter. FNY Investment Advisers LLC acquired a new position in LendingTree in Q4 worth $1,841,000. The Alaska State Department of Revenue increased its holdings in LendingTree by 350.6% in Q4. The Alaska State Department of Revenue now owns 8,120 shares of the financial services provider worth $995,000 after buying 6,318 additional shares in the last quarter. The Louisiana State Employees Retirement System increased its holdings in LendingTree by 93.1% in Q4. The Louisiana State Employees Retirement System now owns 5,600 shares of the financial services provider worth $687,000 after buying an additional 2,700 shares last quarter. Finally, Bristlecone Advisors LLC acquired a new position in LendingTree in Q4 worth $473,000. Hedge funds and other institutional investors own 86.31% of the company’s shares.

LendingTree Company Profile (NASDAQ: TREE)

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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