SunTrust Banks set a $350.00 price target on Lendingtree (NASDAQ:TREE) in a report released on Monday, TipRanks reports. The brokerage currently has a hold rating on the financial services provider’s stock.
A number of other research analysts also recently weighed in on TREE. BidaskClub downgraded Lendingtree from a hold rating to a sell rating in a research note on Tuesday, July 30th. Bank of America reaffirmed a buy rating and set a $390.00 price target (down from $420.00) on shares of Lendingtree in a research note on Friday, July 26th. Oppenheimer upped their price target on Lendingtree from $440.00 to $465.00 and gave the stock an outperform rating in a research note on Tuesday, July 23rd. Compass Point reaffirmed a buy rating and set a $345.00 price target (up from $305.00) on shares of Lendingtree in a research note on Tuesday, April 30th. Finally, Deutsche Bank upped their price target on Lendingtree from $330.00 to $390.00 and gave the stock a hold rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $358.67.
TREE stock opened at $294.22 on Monday. The stock’s 50 day simple moving average is $374.52 and its 200 day simple moving average is $361.31. Lendingtree has a fifty-two week low of $183.25 and a fifty-two week high of $434.94. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $3.85 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 10.43 and a beta of 2.18.
Lendingtree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.50. Lendingtree had a return on equity of 12.54% and a net margin of 3.63%. The business had revenue of $278.40 million for the quarter, compared to the consensus estimate of $267.46 million. During the same period in the prior year, the business earned $1.47 EPS. The firm’s revenue for the quarter was up 51.2% on a year-over-year basis. Equities analysts predict that Lendingtree will post 1.22 earnings per share for the current year.
In other Lendingtree news, President Neil Salvage sold 20,405 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $435.37, for a total transaction of $8,883,724.85. Following the completion of the sale, the president now directly owns 14,506 shares of the company’s stock, valued at approximately $6,315,477.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Horan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $312.65, for a total value of $312,650.00. Following the sale, the director now directly owns 20,088 shares of the company’s stock, valued at $6,280,513.20. The disclosure for this sale can be found here. Insiders have sold a total of 49,851 shares of company stock valued at $20,057,230 over the last three months. Corporate insiders own 17.90% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of TREE. Victory Capital Management Inc. increased its holdings in Lendingtree by 117.0% during the 1st quarter. Victory Capital Management Inc. now owns 343,010 shares of the financial services provider’s stock worth $120,589,000 after purchasing an additional 184,965 shares in the last quarter. APG Asset Management N.V. bought a new position in shares of Lendingtree in the second quarter valued at approximately $24,970,000. Norges Bank bought a new position in shares of Lendingtree in the fourth quarter valued at approximately $12,737,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Lendingtree by 57.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 122,101 shares of the financial services provider’s stock valued at $42,925,000 after acquiring an additional 44,601 shares in the last quarter. Finally, Redwood Investments LLC bought a new position in shares of Lendingtree in the first quarter valued at approximately $14,946,000. 79.47% of the stock is owned by hedge funds and other institutional investors.
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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