LendingTree, Inc. (NASDAQ:TREE - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $50.00 and last traded at $51.59, with a volume of 234635 shares traded. The stock had previously closed at $53.02.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Northland Securities upgraded LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price target for the company in a research note on Tuesday, January 21st. Northland Capmk upgraded LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. StockNews.com cut LendingTree from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Needham & Company LLC cut their price objective on shares of LendingTree from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Friday. Finally, Stephens reiterated an "overweight" rating and issued a $69.00 target price on shares of LendingTree in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $65.38.
Check Out Our Latest Stock Report on LendingTree
LendingTree Stock Performance
The company's 50-day moving average is $46.90 and its two-hundred day moving average is $45.20. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The company has a market cap of $584.98 million, a P/E ratio of -16.01 and a beta of 1.76.
LendingTree (NASDAQ:TREE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.25. LendingTree had a negative net margin of 4.72% and a positive return on equity of 0.51%. The company had revenue of $239.70 million during the quarter, compared to analyst estimates of $244.93 million. The company's revenue was up 42.8% on a year-over-year basis. Equities analysts predict that LendingTree, Inc. will post 0.48 EPS for the current year.
Insider Activity
In other LendingTree news, COO Scott Peyree acquired 21,045 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $41.69 per share, with a total value of $877,366.05. Following the completion of the acquisition, the chief operating officer now directly owns 76,760 shares in the company, valued at $3,200,124.40. This trade represents a 37.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.40% of the company's stock.
Institutional Trading of LendingTree
Hedge funds and other institutional investors have recently modified their holdings of the business. Emerald Advisers LLC grew its stake in LendingTree by 4.8% in the 1st quarter. Emerald Advisers LLC now owns 378,563 shares of the financial services provider's stock valued at $19,030,000 after buying an additional 17,343 shares in the last quarter. Blue Grotto Capital LLC lifted its holdings in LendingTree by 4.1% during the 4th quarter. Blue Grotto Capital LLC now owns 301,784 shares of the financial services provider's stock worth $11,694,000 after purchasing an additional 11,784 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in LendingTree by 3.7% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 249,505 shares of the financial services provider's stock worth $12,543,000 after purchasing an additional 9,007 shares during the period. Hennessy Advisors Inc. grew its holdings in LendingTree by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider's stock valued at $9,393,000 after buying an additional 15,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of LendingTree by 15.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 204,896 shares of the financial services provider's stock valued at $7,940,000 after buying an additional 27,887 shares during the period. 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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