LendingTree, Inc. (NASDAQ:TREE - Get Free Report)'s share price gapped down prior to trading on Friday after Needham & Company LLC lowered their price target on the stock from $65.00 to $62.00. The stock had previously closed at $54.12, but opened at $44.00. Needham & Company LLC currently has a buy rating on the stock. LendingTree shares last traded at $38.90, with a volume of 778,850 shares.
Several other research analysts also recently issued reports on TREE. Northland Securities raised LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price objective on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their target price on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Northland Capmk upgraded LendingTree from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. StockNews.com upgraded shares of LendingTree from a "buy" rating to a "strong-buy" rating in a report on Friday, April 25th. Finally, Stephens reissued an "overweight" rating and set a $69.00 target price on shares of LendingTree in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $65.38.
View Our Latest Research Report on LendingTree
Insider Buying and Selling at LendingTree
In related news, COO Scott Peyree bought 9,794 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $46.13 per share, with a total value of $451,797.22. Following the completion of the transaction, the chief operating officer now owns 97,566 shares in the company, valued at $4,500,719.58. The trade was a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 23.40% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. New Age Alpha Advisors LLC acquired a new stake in shares of LendingTree in the 4th quarter valued at approximately $36,000. Tower Research Capital LLC TRC grew its position in shares of 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 valued at $46,000 after acquiring an additional 848 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of LendingTree during the 4th quarter worth about $54,000. CANADA LIFE ASSURANCE Co acquired a new position in LendingTree during the fourth quarter worth approximately $56,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of LendingTree in the fourth quarter valued at approximately $70,000. 68.26% of the stock is currently owned by institutional investors.
LendingTree Price Performance
The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The company has a market capitalization of $541.79 million, a P/E ratio of -14.98 and a beta of 1.90. The company has a 50 day moving average price of $46.86 and a 200 day moving average price of $45.43.
LendingTree (NASDAQ:TREE - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $239.70 million for the quarter, compared to analyst estimates of $244.93 million. LendingTree had a negative net margin of 4.72% and a positive return on equity of 0.51%. The firm's revenue was up 42.8% compared to the same quarter last year. On average, equities analysts predict that LendingTree, Inc. will post 0.48 EPS for the current fiscal year.
About LendingTree
(
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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