Lendingtree (TREE) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Lendingtree (NASDAQ:TREE) from a hold rating to a buy rating in a research report report published on Wednesday, March 27th, ValuEngine reports.

TREE has been the topic of several other reports. Zacks Investment Research raised Lendingtree from a sell rating to a hold rating in a research report on Tuesday, February 5th. BidaskClub raised Lendingtree from a hold rating to a buy rating in a research report on Tuesday, January 15th. Oppenheimer set a $300.00 price objective on Lendingtree and gave the company a buy rating in a research report on Wednesday, December 5th. SunTrust Banks reaffirmed a hold rating and set a $260.00 target price on shares of Lendingtree in a research report on Tuesday, February 26th. Finally, Needham & Company LLC assumed coverage on Lendingtree in a research report on Wednesday, December 19th. They set a buy rating and a $300.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $299.78.

Shares of TREE traded down $0.58 during trading hours on Wednesday, hitting $367.13. The stock had a trading volume of 104,722 shares, compared to its average volume of 148,759. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $4.71 billion, a P/E ratio of 41.34, a price-to-earnings-growth ratio of 2.82 and a beta of 2.40. Lendingtree has a 12-month low of $183.25 and a 12-month high of $372.91.

Lendingtree (NASDAQ:TREE) last issued its earnings results on Tuesday, February 26th. The financial services provider reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.04). The firm had revenue of $202.70 million during the quarter, compared to analysts’ expectations of $208.14 million. Lendingtree had a return on equity of 13.92% and a net margin of 12.62%. During the same period last year, the business posted $0.84 earnings per share. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. Sell-side analysts predict that Lendingtree will post 4.92 earnings per share for the current year.

In other Lendingtree news, Director Steven Ozonian sold 975 shares of Lendingtree stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $314.98, for a total value of $307,105.50. Following the completion of the transaction, the director now directly owns 6,394 shares in the company, valued at $2,013,982.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Neil Salvage sold 5,000 shares of Lendingtree stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $320.00, for a total value of $1,600,000.00. Following the completion of the transaction, the president now owns 11,025 shares of the company’s stock, valued at $3,528,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,280 shares of company stock worth $9,332,679. Corporate insiders own 20.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Texas Permanent School Fund raised its holdings in shares of Lendingtree by 4.1% during the fourth quarter. Texas Permanent School Fund now owns 4,869 shares of the financial services provider’s stock valued at $1,069,000 after buying an additional 192 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in shares of Lendingtree during the fourth quarter valued at approximately $3,367,000. MetLife Investment Advisors LLC raised its holdings in shares of Lendingtree by 18.4% during the third quarter. MetLife Investment Advisors LLC now owns 10,092 shares of the financial services provider’s stock valued at $2,322,000 after buying an additional 1,568 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Lendingtree by 9.0% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 275,020 shares of the financial services provider’s stock valued at $60,386,000 after buying an additional 22,715 shares during the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of Lendingtree by 13.2% during the third quarter. Macquarie Group Ltd. now owns 399,730 shares of the financial services provider’s stock valued at $91,978,000 after buying an additional 46,543 shares during the last quarter. Institutional investors own 84.74% of the company’s stock.

Lendingtree Company Profile

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans 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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