Lendingtree Inc (NASDAQ:TREE)‘s stock had its “buy” rating reiterated by research analysts at Bank of America Corp in a report released on Friday. They currently have a $190.00 price objective on the financial services provider’s stock, up from their prior price objective of $160.00. Bank of America Corp’s price target suggests a potential upside of 11.21% from the company’s current price.
A number of other equities research analysts also recently weighed in on TREE. Royal Bank of Canada reaffirmed an “outperform” rating and set a $140.00 price target (up from $120.00) on shares of Lendingtree in a research note on Friday, February 24th. Needham & Company LLC raised their price target on Lendingtree from $140.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Mizuho raised their price target on Lendingtree from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, February 24th. Zacks Investment Research downgraded Lendingtree from a “hold” rating to a “sell” rating in a research note on Thursday, March 2nd. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $140.00 price target (up from $129.00) on shares of Lendingtree in a research note on Monday, February 27th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $151.08.
Lendingtree (TREE) traded up 4.86% on Friday, hitting $179.15. 92,254 shares of the stock were exchanged. The company has a market cap of $2.14 billion, a PE ratio of 80.99 and a beta of 1.49. Lendingtree has a 52 week low of $71.34 and a 52 week high of $179.95. The company’s 50-day moving average is $150.42 and its 200-day moving average is $121.74.
Lendingtree (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.27. Lendingtree had a return on equity of 26.82% and a net margin of 14.43%. The firm had revenue of $132.50 million during the quarter, compared to analyst estimates of $124.99 million. During the same period last year, the company posted $0.76 EPS. The business’s quarterly revenue was up 39.9% compared to the same quarter last year. On average, analysts predict that Lendingtree will post $3.82 earnings per share for the current year.
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In related news, Director Interactive Corp Liberty acquired 450,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were acquired at an average cost of $170.70 per share, with a total value of $76,815,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven Ozonian sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $145.26, for a total value of $363,150.00. Following the completion of the transaction, the director now directly owns 15,446 shares in the company, valued at $2,243,685.96. The disclosure for this sale can be found here. Insiders have sold a total of 175,750 shares of company stock valued at $25,155,261 over the last ninety days. Company insiders own 22.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of TREE. Seven Eight Capital LP bought a new position in shares of Lendingtree during the fourth quarter worth $593,000. TCS Capital Management LLC bought a new position in shares of Lendingtree during the fourth quarter worth $5,706,000. Alyeska Investment Group L.P. increased its position in shares of Lendingtree by 40.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 263,319 shares of the financial services provider’s stock worth $26,687,000 after buying an additional 75,501 shares during the last quarter. ARK Investment Management LLC bought a new position in shares of Lendingtree during the fourth quarter worth $3,463,000. Finally, Osterweis Capital Management Inc. increased its position in shares of Lendingtree by 98.3% in the fourth quarter. Osterweis Capital Management Inc. now owns 25,007 shares of the financial services provider’s stock worth $2,534,000 after buying an additional 12,397 shares during the last quarter. 79.66% of the stock is currently owned by institutional investors and hedge funds.
Lendingtree Company Profile
LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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