LendingTree, Inc. (NASDAQ:TREE) Receives “Buy” Rating from Northland Securities
Northland Securities reiterated their buy rating on shares of LendingTree, Inc. (NASDAQ:TREE) in a research note released on Tuesday. Northland Securities currently has a $150.00 price target on the financial services provider’s stock.
Other analysts have also recently issued reports about the company. Needham & Company LLC upped their target price on LendingTree from $170.00 to $200.00 and gave the company a buy rating in a research report on Tuesday, June 20th. Bank of America Corporation reissued a buy rating and issued a $190.00 target price (up from $160.00) on shares of LendingTree in a research report on Friday, June 9th. Royal Bank Of Canada reissued a buy rating on shares of LendingTree in a research report on Friday, June 9th. BWS Financial upped their target price on LendingTree from $150.00 to $185.00 and gave the company a buy rating in a research report on Friday, April 28th. Finally, Mizuho reissued a buy rating and issued a $135.00 target price on shares of LendingTree in a research report on Tuesday, March 28th. One equities research analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the company. LendingTree has an average rating of Buy and a consensus target price of $168.07.
LendingTree (TREE) traded down 0.28% during midday trading on Tuesday, reaching $216.55. The company’s stock had a trading volume of 281,044 shares. The firm has a market capitalization of $2.59 billion, a PE ratio of 101.10 and a beta of 1.54. LendingTree has a 1-year low of $75.05 and a 1-year high of $220.15. The stock’s 50-day moving average price is $177.13 and its 200 day moving average price is $140.10.
LendingTree (NASDAQ:TREE) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. The firm had revenue of $152.80 million during the quarter, compared to analysts’ expectations of $135.48 million. LendingTree had a return on equity of 17.01% and a net margin of 5.85%. The business’s revenue was up 62.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. Equities analysts anticipate that LendingTree will post $3.71 EPS for the current fiscal year.
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In other LendingTree news, Director Interactive Corp Liberty bought 450,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was acquired at an average cost of $170.70 per share, with a total value of $76,815,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas R. Lebda sold 20,355 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $142.62, for a total value of $2,903,030.10. Following the transaction, the chief executive officer now directly owns 627,489 shares of the company’s stock, valued at $89,492,481.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,250 shares of company stock valued at $22,751,121. 21.90% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of TREE. BlackRock Inc. increased its position in shares of LendingTree by 117,777.8% in the first quarter. BlackRock Inc. now owns 823,966 shares of the financial services provider’s stock worth $103,284,000 after buying an additional 823,267 shares during the period. Victory Capital Management Inc. increased its position in shares of LendingTree by 19.1% in the first quarter. Victory Capital Management Inc. now owns 607,253 shares of the financial services provider’s stock worth $76,119,000 after buying an additional 97,351 shares during the period. Vanguard Group Inc. increased its position in shares of LendingTree by 5.8% in the first quarter. Vanguard Group Inc. now owns 368,264 shares of the financial services provider’s stock worth $46,161,000 after buying an additional 20,330 shares during the period. Macquarie Group Ltd. increased its position in shares of LendingTree by 6.0% in the first quarter. Macquarie Group Ltd. now owns 292,004 shares of the financial services provider’s stock worth $36,603,000 after buying an additional 16,425 shares during the period. Finally, Emerald Advisers Inc. PA increased its position in shares of LendingTree by 3.4% in the second quarter. Emerald Advisers Inc. PA now owns 287,861 shares of the financial services provider’s stock worth $49,570,000 after buying an additional 9,580 shares during the period. 76.15% of the stock is owned by institutional investors and hedge funds.
LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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