LendingTree, Inc. (NASDAQ:TREE)‘s stock had its “outperform” rating reissued by investment analysts at Citigroup Inc. in a report issued on Friday, October 27th, The Fly reports. They presently have a $290.00 price target on the financial services provider’s stock. Citigroup Inc.’s price target indicates a potential upside of 12.51% from the stock’s current price.
Several other equities analysts also recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price objective (up from $250.00) on shares of LendingTree in a research report on Thursday, October 26th. Zacks Investment Research upgraded LendingTree from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Bank of America Corporation upped their target price on LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. BWS Financial downgraded LendingTree from a “buy” rating to a “sell” rating and set a $194.00 target price for the company. in a research report on Thursday, October 12th. Finally, Stephens upped their target price on LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $247.08.
Shares of LendingTree (TREE) traded down $0.50 during trading on Friday, reaching $257.75. The company had a trading volume of 94,600 shares, compared to its average volume of 189,644. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.86 and a current ratio of 3.86. The company has a market capitalization of $3,084.96, a price-to-earnings ratio of 78.34, a P/E/G ratio of 2.63 and a beta of 1.51. LendingTree has a 1 year low of $87.16 and a 1 year high of $280.80.
LendingTree (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.20. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The firm had revenue of $171.50 million during the quarter, compared to analyst estimates of $157.97 million. During the same period in the previous year, the company earned $0.80 earnings per share. LendingTree’s quarterly revenue was up 81.3% on a year-over-year basis. equities analysts anticipate that LendingTree will post 3.06 EPS for the current year.
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In other news, Director Steven Ozonian sold 2,850 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $223.05, for a total value of $635,692.50. Following the transaction, the director now directly owns 14,029 shares of the company’s stock, valued at $3,129,168.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter Horan sold 2,000 shares of the company’s 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 completion of the transaction, the director now directly owns 31,624 shares in the company, valued at $7,175,485.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,810 shares of company stock worth $13,425,828. Company insiders own 21.90% of the company’s stock.
Large investors have recently modified their holdings of the stock. Advisor Group Inc. boosted its holdings in LendingTree by 61.7% in the third quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 201 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in LendingTree by 2,685.7% in the second quarter. Meeder Asset Management Inc. now owns 780 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 752 shares in the last quarter. Aperio Group LLC bought a new stake in LendingTree in the third quarter worth $201,000. SG Americas Securities LLC bought a new stake in LendingTree in the second quarter worth $148,000. Finally, Amalgamated Bank bought a new stake in LendingTree in the third quarter worth $217,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.
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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