Northland Securities Boosts LendingTree (NASDAQ:TREE) Price Target to $60.00

LendingTree (NASDAQ:TREE) had its price objective hoisted by Northland Securities from $50.00 to $60.00 in a report published on Friday, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

TREE has been the subject of several other research reports. StockNews.com raised LendingTree from a hold rating to a buy rating in a report on Thursday, May 2nd. Needham & Company LLC raised their price target on shares of LendingTree from $56.00 to $67.00 and gave the stock a buy rating in a research report on Friday. Susquehanna upped their price objective on LendingTree from $42.00 to $50.00 and gave the company a neutral rating in a research note on Friday. Oppenheimer increased their target price on shares of LendingTree from $45.00 to $55.00 and gave the stock an outperform rating in a research report on Wednesday, May 1st. Finally, Keefe, Bruyette & Woods boosted their price target on shares of LendingTree from $45.00 to $60.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $56.88.

LendingTree Price Performance

TREE opened at $52.50 on Friday. The firm has a market capitalization of $694.58 million, a P/E ratio of -5.06 and a beta of 2.11. LendingTree has a 12-month low of $10.12 and a 12-month high of $59.00. The company has a quick ratio of 3.71, a current ratio of 1.82 and a debt-to-equity ratio of 3.21. The stock has a fifty day moving average of $44.91 and a 200-day moving average of $40.49.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.19). The company had revenue of $210.10 million for the quarter, compared to analysts’ expectations of $187.41 million. LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The company’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Equities analysts forecast that LendingTree will post -0.01 EPS for the current fiscal year.

Insider Activity at LendingTree

In related news, CFO Trent Ziegler sold 8,750 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.30, for a total transaction of $431,375.00. Following the sale, the chief financial officer now directly owns 5 shares in the company, valued at $246.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Trent Ziegler sold 8,750 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.30, for a total transaction of $431,375.00. Following the completion of the transaction, the chief financial officer now directly owns 5 shares in the company, valued at $246.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven Ozonian sold 1,610 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $44.31, for a total value of $71,339.10. Following the completion of the sale, the director now owns 6,784 shares in the company, valued at approximately $300,599.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,802 shares of company stock worth $673,219. 23.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. CWM LLC increased its position in LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after buying an additional 420 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of LendingTree by 16.8% during the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 270 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of LendingTree by 78.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 1,321 shares during the last quarter. Quest Partners LLC bought a new stake in LendingTree in the 4th quarter valued at $103,000. Finally, Bristlecone Advisors LLC acquired a new stake in LendingTree during the 4th quarter valued at $201,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Company Profile

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.