Brokerages Set LendingTree, Inc. (TREE) Target Price at $197.55

LendingTree, Inc. (NASDAQ:TREE) has earned a consensus recommendation of “Buy” from the twelve analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $203.70.

Several equities analysts have recently weighed in on TREE shares. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $190.00 price objective (up previously from $160.00) on shares of LendingTree in a research report on Sunday, June 18th. Needham & Company LLC raised their price objective on shares of LendingTree from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, June 20th. William Blair started coverage on shares of LendingTree in a research report on Wednesday, June 21st. They set an “outperform” rating and a $173.00 price objective for the company. Northland Securities restated a “buy” rating and set a $150.00 price objective on shares of LendingTree in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada raised their target price on shares of LendingTree from $160.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 28th.

In other LendingTree news, CEO Douglas R. Lebda sold 4,000 shares of LendingTree stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $258.68, for a total transaction of $1,034,720.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter Horan sold 2,000 shares of LendingTree stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $226.90, for a total transaction of $453,800.00. Following the sale, the director now owns 31,624 shares in the company, valued at approximately $7,175,485.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,850 shares of company stock worth $2,124,213. 21.90% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in shares of LendingTree by 2,685.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 780 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 752 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of LendingTree in the second quarter valued at about $148,000. Seven Eight Capital LP bought a new position in shares of LendingTree in the second quarter valued at about $207,000. Verition Fund Management LLC bought a new position in shares of LendingTree in the second quarter valued at about $210,000. Finally, Profund Advisors LLC bought a new position in shares of LendingTree in the second quarter valued at about $210,000. Institutional investors own 72.07% of the company’s stock.

Shares of LendingTree (NASDAQ TREE) traded up 1.34% during mid-day trading on Wednesday, hitting $241.60. 145,467 shares of the stock traded hands. LendingTree has a 12-month low of $75.05 and a 12-month high of $262.55. The stock has a market cap of $2.90 billion, a P/E ratio of 112.79 and a beta of 1.56. The firm’s 50 day moving average price is $240.91 and its 200-day moving average price is $187.48.

LendingTree (NASDAQ:TREE) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.17. The firm had revenue of $152.80 million for the quarter, compared to analysts’ expectations of $135.48 million. LendingTree had a net margin of 5.85% and a return on equity of 17.01%. LendingTree’s quarterly revenue was up 62.0% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS. Analysts predict that LendingTree will post $3.82 earnings per share for the current year.

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Several equities analysts have recently weighed in on TREE shares. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $190.00 price objective (up previously from $160.00) on shares of LendingTree in a research report on Sunday, June 18th. Needham & Company LLC raised their price objective on shares of LendingTree from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, June 20th. William Blair started coverage on shares of LendingTree in a research report on Wednesday, June 21st. They set an “outperform” rating and a $173.00 price objective for the company. Northland Securities restated a “buy” rating and set a $150.00 price objective on shares of LendingTree in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada raised their target price on shares of LendingTree from $160.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 28th.

In other LendingTree news, CEO Douglas R. Lebda sold 4,000 shares of LendingTree stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $258.68, for a total transaction of $1,034,720.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter Horan sold 2,000 shares of LendingTree stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $226.90, for a total transaction of $453,800.00. Following the sale, the director now owns 31,624 shares in the company, valued at approximately $7,175,485.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,850 shares of company stock worth $2,124,213. 21.90% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in shares of LendingTree by 2,685.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 780 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 752 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of LendingTree in the second quarter valued at about $148,000. Seven Eight Capital LP bought a new position in shares of LendingTree in the second quarter valued at about $207,000. Verition Fund Management LLC bought a new position in shares of LendingTree in the second quarter valued at about $210,000. Finally, Profund Advisors LLC bought a new position in shares of LendingTree in the second quarter valued at about $210,000. Institutional investors own 72.07% of the company’s stock.

Shares of LendingTree (NASDAQ TREE) traded up 1.34% during mid-day trading on Wednesday, hitting $241.60. 145,467 shares of the stock traded hands. LendingTree has a 12-month low of $75.05 and a 12-month high of $262.55. The stock has a market cap of $2.90 billion, a P/E ratio of 112.79 and a beta of 1.56. The firm’s 50 day moving average price is $240.91 and its 200-day moving average price is $187.48.

LendingTree (NASDAQ:TREE) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.17. The firm had revenue of $152.80 million for the quarter, compared to analysts’ expectations of $135.48 million. LendingTree had a net margin of 5.85% and a return on equity of 17.01%. LendingTree’s quarterly revenue was up 62.0% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS. Analysts predict that LendingTree will post $3.82 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/16/brokerages-set-lendingtree-inc-tree-target-price-at-197-55.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.

Analyst Recommendations for LendingTree (NASDAQ:TREE)

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