LendingTree, Inc. (NASDAQ:TREE) was the target of some unusual options trading activity on Thursday. Stock traders acquired 2,333 call options on the company. This is an increase of approximately 1,415% compared to the average daily volume of 154 call options.
A number of research firms have recently commented on TREE. Oppenheimer increased their price objective on shares of LendingTree from $275.00 to $395.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. BidaskClub raised shares of LendingTree from a "sell" rating to a "hold" rating in a research report on Friday, October 9th. JPMorgan Chase & Co. raised LendingTree from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $280.00 to $330.00 in a report on Friday, November 6th. Deutsche Bank Aktiengesellschaft upgraded LendingTree from a "hold" rating to a "buy" rating and set a $360.00 target price on the stock in a research note on Tuesday, November 10th. Finally, Needham & Company LLC reduced their price target on LendingTree from $400.00 to $375.00 and set a "buy" rating for the company in a research note on Friday, November 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of "Buy" and a consensus target price of $317.47.
NASDAQ TREE opened at $269.96 on Friday. The firm's 50 day simple moving average is $322.73 and its 200 day simple moving average is $302.74. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of -317.60 and a beta of 2.29. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.67. LendingTree has a 1 year low of $135.72 and a 1 year high of $376.70.
LendingTree (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, November 5th. The financial services provider reported ($0.26) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($1.15) by $0.89. The company had revenue of $220.25 million for the quarter, compared to analyst estimates of $210.54 million. LendingTree had a positive return on equity of 8.61% and a negative net margin of 0.89%. The company's revenue for the quarter was down 29.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.67 EPS. On average, equities research analysts forecast that LendingTree will post -1.7 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sompo Asset Management Co. Ltd. increased its position in LendingTree by 13.7% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 2,080 shares of the financial services provider's stock valued at $638,000 after purchasing an additional 250 shares during the period. State of Michigan Retirement System increased its stake in shares of LendingTree by 3.6% in the 3rd quarter. State of Michigan Retirement System now owns 2,868 shares of the financial services provider's stock valued at $880,000 after acquiring an additional 100 shares in the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in shares of LendingTree during the 2nd quarter valued at $1,100,000. Robeco Institutional Asset Management B.V. boosted its stake in LendingTree by 0.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 55,844 shares of the financial services provider's stock worth $17,138,000 after acquiring an additional 329 shares in the last quarter. Finally, Swiss National Bank boosted its stake in LendingTree by 15.2% during the second quarter. Swiss National Bank now owns 17,450 shares of the financial services provider's stock worth $5,052,000 after acquiring an additional 2,300 shares in the last quarter. 89.38% of the stock is currently owned by hedge funds and other institutional investors.
LendingTree Company Profile
LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates online consumer platform in the United States. It operates through Home, Consumer, and Insurance segments. The company's Home segment offers purchase mortgage, refinance mortgage, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.
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6 Stocks Riding the Coattails of Nikola Motor
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View the "6 Stocks Riding the Coattails of Nikola Motor".