Lendingtree (NASDAQ:TREE) Stock Rating Lowered by Northland Securities

Northland Securities lowered shares of Lendingtree (NASDAQ:TREE) from an outperform rating to a market perform rating in a research note released on Friday, July 27th, Marketbeat.com reports.

A number of other equities research analysts have also issued reports on the company. UBS Group upgraded Lendingtree from a neutral rating to a buy rating and set a $375.00 price target for the company in a research note on Monday, May 7th. Zacks Investment Research upgraded Lendingtree from a sell rating to a buy rating and set a $362.00 price objective for the company in a research report on Wednesday, April 25th. BidaskClub lowered Lendingtree from a strong-buy rating to a buy rating in a research report on Friday, March 30th. Royal Bank of Canada restated a buy rating on shares of Lendingtree in a research report on Friday, July 27th. Finally, SunTrust Banks cut their price objective on Lendingtree to $310.00 and set a hold rating for the company in a research report on Friday, April 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $331.81.

Shares of TREE traded down $2.35 during mid-day trading on Friday, reaching $245.80. The company had a trading volume of 126,239 shares, compared to its average volume of 239,986. The stock has a market cap of $3.18 billion, a P/E ratio of 88.31, a P/E/G ratio of 1.64 and a beta of 1.78. Lendingtree has a 52 week low of $205.45 and a 52 week high of $404.40. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.70.

Lendingtree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, July 26th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.69. The business had revenue of $184.10 million for the quarter, compared to analysts’ expectations of $194.88 million. Lendingtree had a return on equity of 12.09% and a net margin of 10.82%. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. equities analysts anticipate that Lendingtree will post 3.62 EPS for the current year.

In other Lendingtree news, Director Robin Henderson sold 270 shares of the firm’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $269.00, for a total value of $72,630.00. Following the completion of the sale, the director now owns 1,005 shares of the company’s stock, valued at $270,345. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas R. Lebda sold 14,750 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $273.75, for a total transaction of $4,037,812.50. Following the completion of the sale, the chief executive officer now directly owns 534,354 shares of the company’s stock, valued at approximately $146,279,407.50. The disclosure for this sale can be found here. In the last three months, insiders sold 281,432 shares of company stock valued at $70,338,681. 20.50% of the stock is owned by insiders.

Several large investors have recently modified their holdings of TREE. Baillie Gifford & Co. increased its position in shares of Lendingtree by 81.1% during the first quarter. Baillie Gifford & Co. now owns 1,266,717 shares of the financial services provider’s stock worth $415,673,000 after acquiring an additional 567,195 shares during the period. Victory Capital Management Inc. increased its position in shares of Lendingtree by 150.9% during the second quarter. Victory Capital Management Inc. now owns 286,528 shares of the financial services provider’s stock worth $61,259,000 after acquiring an additional 172,310 shares during the period. FMR LLC purchased a new position in shares of Lendingtree during the second quarter worth approximately $25,742,000. Nikko Asset Management Americas Inc. increased its position in shares of Lendingtree by 39.6% during the second quarter. Nikko Asset Management Americas Inc. now owns 381,155 shares of the financial services provider’s stock worth $81,491,000 after acquiring an additional 108,057 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Lendingtree by 38.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 377,933 shares of the financial services provider’s stock worth $80,802,000 after acquiring an additional 104,835 shares during the period. 77.65% of the stock is currently owned by institutional investors and hedge funds.

About Lendingtree

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.

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