LendingTree (NASDAQ:TREE - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Sunday.
A number of other analysts have also recently commented on the stock. Truist Financial dropped their target price on shares of LendingTree from $72.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Stephens restated an "overweight" rating and set a $69.00 target price on shares of LendingTree in a report on Thursday, March 6th. Northland Securities upgraded shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a report on Tuesday, January 21st. Needham & Company LLC dropped their target price on shares of LendingTree from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $64.13.
Check Out Our Latest Analysis on TREE
LendingTree Trading Down 1.8%
Shares of LendingTree stock traded down $0.71 on Friday, hitting $37.99. The stock had a trading volume of 68,042 shares, compared to its average volume of 262,474. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree has a one year low of $34.55 and a one year high of $62.49. The stock has a market cap of $514.19 million, a price-to-earnings ratio of -13.99 and a beta of 1.76. The stock's 50-day simple moving average is $46.60 and its two-hundred day simple moving average is $44.36.
LendingTree (NASDAQ:TREE - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.25. The business had revenue of $239.70 million for the quarter, compared to analysts' expectations of $244.93 million. LendingTree had a negative net margin of 4.72% and a positive return on equity of 0.51%. The company's revenue for the quarter was up 42.8% on a year-over-year basis. As a group, sell-side analysts predict that LendingTree will post 0.48 EPS for the current year.
Insider Transactions at LendingTree
In related news, COO Scott Peyree purchased 9,794 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $46.13 per share, with a total value of $451,797.22. Following the transaction, the chief operating officer now directly owns 97,566 shares in the company, valued at $4,500,719.58. This trade represents a 11.16% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 23.10% of the stock is owned by insiders.
Hedge Funds Weigh In On LendingTree
Several large investors have recently modified their holdings of the stock. New Age Alpha Advisors LLC purchased a new position in LendingTree in the 4th quarter worth about $36,000. Tower Research Capital LLC TRC raised its position in LendingTree by 248.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock worth $46,000 after buying an additional 848 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in LendingTree in the 4th quarter worth about $54,000. CANADA LIFE ASSURANCE Co purchased a new position in LendingTree in the 4th quarter worth about $56,000. Finally, KLP Kapitalforvaltning AS purchased a new position in LendingTree in the 4th quarter worth about $70,000. Hedge funds and other institutional investors own 68.26% of the company's stock.
LendingTree Company Profile
(
Get Free Report)
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.
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