Lendingtree (TREE) Receives Coverage Optimism Rating of 0.16
News stories about Lendingtree (NASDAQ:TREE) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lendingtree earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.2134517374503 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Schwab Charles Investment Management Inc. Has $11.60 Million Position in Lendingtree Inc (TREE) (americanbankingnews.com)
- Lendingtree Inc (TREE) Shares Sold by Allianz Asset Management GmbH (americanbankingnews.com)
- Jackson Square Partners LLC Sells 129,546 Shares of Lendingtree Inc (TREE) (americanbankingnews.com)
- EAM Investors LLC Has $3.01 Million Holdings in Lendingtree Inc (TREE) (americanbankingnews.com)
- Cortina Asset Management LLC Has $7.24 Million Stake in Lendingtree Inc (TREE) (americanbankingnews.com)
Several brokerages have weighed in on TREE. Oppenheimer raised their price objective on Lendingtree from $340.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. BidaskClub upgraded Lendingtree from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. BWS Financial set a $194.00 price objective on Lendingtree and gave the company a “sell” rating in a research note on Monday, February 5th. Stephens restated an “overweight” rating and set a $375.00 price objective (up from $300.00) on shares of Lendingtree in a research note on Monday, December 18th. Finally, Zacks Investment Research cut Lendingtree from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $307.14.
Lendingtree (NASDAQ:TREE) last released its earnings results on Thursday, February 22nd. The financial services provider reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.06). The business had revenue of $161.00 million for the quarter, compared to the consensus estimate of $150.25 million. Lendingtree had a return on equity of 14.67% and a net margin of 2.52%. The company’s revenue for the quarter was up 59.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 earnings per share. research analysts predict that Lendingtree will post 4.11 earnings per share for the current fiscal year.
Lendingtree announced that its board has approved a share buyback program on Thursday, February 22nd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, Director Steven Ozonian sold 500 shares of Lendingtree stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $360.00, for a total value of $180,000.00. Following the completion of the sale, the director now owns 8,879 shares of the company’s stock, valued at approximately $3,196,440. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Carla Shumate sold 5,000 shares of Lendingtree stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $350.00, for a total value of $1,750,000.00. Following the completion of the sale, the insider now directly owns 7,427 shares of the company’s stock, valued at approximately $2,599,450. The disclosure for this sale can be found here. Insiders have sold a total of 120,376 shares of company stock worth $40,262,319 over the last quarter. Company insiders own 21.90% of the company’s stock.
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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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