Lendingtree Inc (TREE) Given Average Recommendation of “Buy” by Brokerages
Shares of Lendingtree Inc (NASDAQ:TREE) have been assigned an average recommendation of “Buy” from the fifteen brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $287.25.
A number of equities analysts have commented on the stock. BWS Financial set a $194.00 price objective on shares of Lendingtree and gave the stock a “sell” rating in a research report on Monday, February 5th. SunTrust Banks assumed coverage on shares of Lendingtree in a research report on Tuesday, January 23rd. They set a “hold” rating for the company. Bank of America restated a “buy” rating and set a $425.00 price objective on shares of Lendingtree in a research report on Tuesday, January 23rd. Zacks Investment Research downgraded shares of Lendingtree from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Stephens restated an “overweight” rating and set a $375.00 price objective (up previously from $300.00) on shares of Lendingtree in a research report on Monday, December 18th.
In other news, insider Nikul Patel sold 1,000 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $307.00, for a total value of $307,000.00. Following the completion of the transaction, the insider now owns 4,953 shares in the company, valued at approximately $1,520,571. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas R. Lebda sold 8,000 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $297.39, for a total transaction of $2,379,120.00. Following the completion of the transaction, the chief executive officer now owns 421,018 shares of the company’s stock, valued at approximately $125,206,543.02. The disclosure for this sale can be found here. Insiders sold a total of 119,676 shares of company stock valued at $39,311,897 in the last quarter. Insiders own 21.90% of the company’s stock.
Shares of Lendingtree (NASDAQ TREE) traded up $2.85 during trading on Tuesday, reaching $378.95. 118,869 shares of the company’s stock were exchanged, compared to its average volume of 200,597. The stock has a market cap of $4,540.00, a P/E ratio of 149.78, a P/E/G ratio of 2.05 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.86 and a current ratio of 3.86. Lendingtree has a 52 week low of $111.88 and a 52 week high of $404.40.
ILLEGAL ACTIVITY NOTICE: This report was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/lendingtree-inc-tree-given-average-recommendation-of-buy-by-brokerages/1874697.html.
Lendingtree Company Profile
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.
Receive News & Ratings for Lendingtree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lendingtree and related companies with MarketBeat.com's FREE daily email newsletter.