BidaskClub upgraded shares of Lendingtree (NASDAQ:TREE) from a strong sell rating to a sell rating in a research report released on Friday, BidAskClub reports.

TREE has been the topic of a number of other reports. Susquehanna Bancshares upgraded shares of Lendingtree from a neutral rating to a positive rating in a research report on Thursday, July 25th. ValuEngine lowered shares of Lendingtree from a hold rating to a sell rating in a research report on Wednesday, September 4th. Oppenheimer lifted their price objective on shares of Lendingtree from $440.00 to $465.00 and gave the company an outperform rating in a research report on Tuesday, July 23rd. TheStreet lowered shares of Lendingtree from a b rating to a c+ rating in a research report on Monday, July 29th. Finally, Bank of America reiterated a buy rating and issued a $390.00 price objective (down from $420.00) on shares of Lendingtree in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $367.00.

NASDAQ:TREE opened at $325.73 on Friday. The firm’s fifty day moving average price is $309.90 and its 200 day moving average price is $359.74. Lendingtree has a 1-year low of $183.25 and a 1-year high of $434.94. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 11.35 and a beta of 2.14.

Lendingtree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.50. Lendingtree had a net margin of 3.63% and a return on equity of 12.54%. The firm had revenue of $278.40 million for the quarter, compared to analyst estimates of $267.46 million. During the same period last year, the firm posted $1.47 EPS. Lendingtree’s quarterly revenue was up 51.2% on a year-over-year basis. As a group, analysts expect that Lendingtree will post 1.22 earnings per share for the current fiscal year.

In other Lendingtree news, Director Peter Horan sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $312.65, for a total transaction of $312,650.00. Following the sale, the director now directly owns 20,088 shares in the company, valued at approximately $6,280,513.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Neil Salvage sold 20,405 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $435.37, for a total transaction of $8,883,724.85. Following the sale, the president now owns 14,506 shares in the company, valued at $6,315,477.22. The disclosure for this sale can be found here. Insiders have sold a total of 27,016 shares of company stock worth $11,351,290 over the last 90 days. Insiders own 17.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of Lendingtree by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 114,460 shares of the financial services provider’s stock worth $25,131,000 after purchasing an additional 1,170 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of Lendingtree by 1.9% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 96,949 shares of the financial services provider’s stock worth $40,721,000 after purchasing an additional 1,850 shares in the last quarter. Morgan Stanley boosted its position in shares of Lendingtree by 62.0% in the 2nd quarter. Morgan Stanley now owns 80,950 shares of the financial services provider’s stock worth $34,002,000 after buying an additional 30,975 shares in the last quarter. APG Asset Management N.V. purchased a new stake in shares of Lendingtree in the 2nd quarter worth about $24,970,000. Finally, Scout Investments Inc. boosted its position in shares of Lendingtree by 2.6% in the 2nd quarter. Scout Investments Inc. now owns 66,169 shares of the financial services provider’s stock worth $27,793,000 after buying an additional 1,695 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

About Lendingtree

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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