LendingTree (NASDAQ:TREE) had its price objective lifted by research analysts at Needham & Company LLC from $300.00 to $375.00 in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the financial services provider’s stock. Needham & Company LLC’s price target suggests a potential upside of 8.90% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Oppenheimer lifted their price target on shares of LendingTree from $340.00 to $370.00 and gave the company an “outperform” rating in a report on Thursday. Northland Securities reissued a “buy” rating and set a $280.00 target price on shares of LendingTree in a report on Thursday, October 26th. Zacks Investment Research raised shares of LendingTree from a “sell” rating to a “strong-buy” rating and set a $308.00 target price on the stock in a report on Thursday, November 2nd. Citigroup reissued an “outperform” rating and set a $290.00 target price on shares of LendingTree in a report on Friday, October 27th. Finally, Stephens boosted their target price on shares of LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. LendingTree has a consensus rating of “Buy” and an average price target of $272.31.

Shares of LendingTree (NASDAQ:TREE) opened at $344.35 on Thursday. The stock has a market cap of $4,005.96, a P/E ratio of 101.73, a P/E/G ratio of 3.01 and a beta of 1.54. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.78. LendingTree has a 1-year low of $96.20 and a 1-year high of $347.75.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.20. The company had revenue of $171.50 million for the quarter, compared to analyst estimates of $157.97 million. LendingTree had a net margin of 5.49% and a return on equity of 16.52%. The firm’s revenue was up 81.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 EPS. research analysts anticipate that LendingTree will post 3.06 earnings per share for the current fiscal year.

In other news, CEO Douglas R. Lebda sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $258.68, for a total value of $1,034,720.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven Ozonian sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $265.08, for a total transaction of $530,160.00. Following the completion of the transaction, the director now owns 9,379 shares in the company, valued at approximately $2,486,185.32. The disclosure for this sale can be found here. Insiders sold a total of 105,374 shares of company stock worth $29,625,166 in the last 90 days. Corporate insiders own 21.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new position in shares of LendingTree in the 3rd quarter worth approximately $1,060,000. First Trust Advisors LP lifted its position in shares of LendingTree by 64.8% in the 2nd quarter. First Trust Advisors LP now owns 18,394 shares of the financial services provider’s stock worth $3,167,000 after purchasing an additional 7,232 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in shares of LendingTree by 5.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 90 shares during the period. USA Financial Portformulas Corp acquired a new position in shares of LendingTree in the 3rd quarter worth approximately $568,000. Finally, Global X MANAGEMENT CO LLC lifted its position in shares of LendingTree by 55.2% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,813 shares of the financial services provider’s stock worth $688,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

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About LendingTree

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.

Analyst Recommendations for LendingTree (NASDAQ:TREE)

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