Lendingtree (NASDAQ:TREE) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, BidAskClub reports.

Other analysts have also issued research reports about the stock. ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Bank of America reiterated a “buy” rating and set a $420.00 price objective (up previously from $400.00) on shares of Lendingtree in a research note on Monday, April 29th. Oppenheimer lifted their price objective on shares of Lendingtree from $350.00 to $440.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Northland Securities reiterated a “hold” rating on shares of Lendingtree in a research note on Friday, April 26th. Finally, SunTrust Banks lifted their price target on shares of Lendingtree to $326.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $356.56.

TREE opened at $432.68 on Thursday. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 48.73, a P/E/G ratio of 3.88 and a beta of 2.25. The firm’s 50 day moving average price is $399.63. Lendingtree has a 52-week low of $183.25 and a 52-week high of $434.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.63 and a quick ratio of 0.63.

Lendingtree (NASDAQ:TREE) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.56. The company had revenue of $262.40 million for the quarter, compared to analyst estimates of $239.73 million. Lendingtree had a net margin of 7.62% and a return on equity of 13.71%. The business’s quarterly revenue was up 45.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. As a group, analysts forecast that Lendingtree will post 3.85 earnings per share for the current year.

In other Lendingtree news, Director Steven Ozonian sold 1,650 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $373.06, for a total transaction of $615,549.00. Following the completion of the sale, the director now owns 5,467 shares in the company, valued at $2,039,519.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gabriel Dalporto sold 637 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $386.34, for a total transaction of $246,098.58. Following the sale, the director now owns 187 shares of the company’s stock, valued at approximately $72,245.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,380 shares of company stock valued at $20,469,998. Insiders own 17.90% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. increased its stake in Lendingtree by 5.8% during the fourth quarter. Macquarie Group Ltd. now owns 422,873 shares of the financial services provider’s stock valued at $92,850,000 after purchasing an additional 23,143 shares during the last quarter. Victory Capital Management Inc. increased its stake in Lendingtree by 117.0% during the first quarter. Victory Capital Management Inc. now owns 343,010 shares of the financial services provider’s stock valued at $120,589,000 after purchasing an additional 184,965 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Lendingtree by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 229,519 shares of the financial services provider’s stock valued at $50,396,000 after purchasing an additional 8,774 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Lendingtree by 57.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 122,101 shares of the financial services provider’s stock valued at $42,925,000 after purchasing an additional 44,601 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Lendingtree by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 114,460 shares of the financial services provider’s stock valued at $25,131,000 after purchasing an additional 1,170 shares during the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Lendingtree Company Profile

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.

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Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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