LendingTree, Inc. (NASDAQ:TREE) posted its earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.20, Bloomberg Earnings reports. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The company had revenue of $171.50 million for the quarter, compared to analysts’ expectations of $157.97 million. During the same period last year, the business posted $0.80 earnings per share. The firm’s quarterly revenue was up 81.3% compared to the same quarter last year.
LendingTree (NASDAQ:TREE) opened at $257.75 on Monday. The company has a market capitalization of $3,085.01, a P/E ratio of 78.34, a PEG ratio of 2.63 and a beta of 1.51. 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 $87.16 and a 1-year high of $280.80.
In other LendingTree news, Director Steven Ozonian sold 2,850 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $223.05, for a total value of $635,692.50. Following the sale, the director now directly owns 14,029 shares in the company, valued at $3,129,168.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas R. Lebda sold 16,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $275.00, for a total value of $4,400,000.00. Following the sale, the chief executive officer now owns 453,418 shares in the company, valued at approximately $124,689,950. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,810 shares of company stock worth $13,425,828. 21.90% of the stock is currently owned by company insiders.
TREE has been the topic of several research reports. Northland Securities reiterated a “buy” rating and issued a $280.00 price target on shares of LendingTree in a research report on Thursday, October 26th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target (up previously from $250.00) on shares of LendingTree in a research note on Thursday, October 26th. Bank of America Corporation lifted their target price on LendingTree from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. Zacks Investment Research raised LendingTree from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Citigroup Inc. reiterated an “outperform” rating and set a $290.00 price target on shares of LendingTree in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $247.08.
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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.
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