Lendingtree’s (NASDAQ:TREE) “Buy” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their buy rating on shares of Lendingtree (NASDAQ:TREE) in a research note issued to investors on Friday, July 27th.

Other analysts have also issued reports about the stock. Deutsche Bank started coverage on shares of Lendingtree in a research report on Wednesday, May 30th. They set a hold rating for the company. BidaskClub lowered shares of Lendingtree from a hold rating to a sell rating in a research report on Saturday, June 30th. SunTrust Banks decreased their price target on shares of Lendingtree from $310.00 to $280.00 and set a hold rating for the company in a research report on Thursday, July 26th. Zacks Investment Research lowered shares of Lendingtree from a buy rating to a strong sell rating in a research report on Thursday, May 3rd. Finally, Deutsche Bank started coverage on shares of Lendingtree in a research report on Wednesday, May 30th. They set a hold rating and a $290.00 price target for the company. Three equities research 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. Lendingtree currently has an average rating of Hold and a consensus target price of $331.81.

Shares of TREE traded down $2.35 during trading hours on Friday, reaching $245.80. 126,239 shares of the company traded hands, compared to its average volume of 239,986. The firm has a market capitalization 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 12-month low of $205.45 and a 12-month high of $404.40. The company has a current ratio of 3.59, a quick 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 for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.69. Lendingtree had a net margin of 10.82% and a return on equity of 12.09%. The company had revenue of $184.10 million during the quarter, compared to analyst estimates of $194.88 million. During the same period in the prior year, the firm earned $0.90 earnings per share. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. analysts predict that Lendingtree will post 3.62 earnings per share for the current year.

In related news, CEO Douglas R. Lebda sold 14,750 shares of the stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $273.55, for a total value of $4,034,862.50. Following the transaction, the chief executive officer now owns 534,354 shares in the company, valued at approximately $146,172,536.70. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robin Henderson sold 270 shares of the stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $269.00, for a total transaction of $72,630.00. Following the completion of the transaction, the director now owns 1,005 shares in the company, valued at approximately $270,345. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 281,432 shares of company stock worth $70,338,681. Corporate insiders own 20.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Aperio Group LLC boosted its position in Lendingtree by 33.4% in the 1st quarter. Aperio Group LLC now owns 1,342 shares of the financial services provider’s stock worth $440,000 after purchasing an additional 336 shares in the last quarter. Deutsche Bank AG boosted its position in Lendingtree by 156.6% in the 4th quarter. Deutsche Bank AG now owns 17,273 shares of the financial services provider’s stock worth $5,880,000 after purchasing an additional 10,542 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in Lendingtree in the 4th quarter worth approximately $1,018,000. Northern Trust Corp boosted its position in Lendingtree by 25.9% in the 1st quarter. Northern Trust Corp now owns 107,753 shares of the financial services provider’s stock worth $35,359,000 after purchasing an additional 22,153 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Lendingtree by 7.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,969 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 202 shares in the last quarter. Institutional investors own 77.65% of the company’s stock.

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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Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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