Lendingtree (TREE) Upgraded by Northland Securities to “Outperform”

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Northland Securities upgraded shares of Lendingtree (NASDAQ:TREE) from a market perform rating to an outperform rating in a research report sent to investors on Wednesday, MarketBeat Ratings reports.

A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Lendingtree from a buy rating to a hold rating in a research note on Wednesday, September 26th. BidaskClub downgraded shares of Lendingtree from a hold rating to a sell rating in a report on Saturday, September 15th. ValuEngine downgraded shares of Lendingtree from a hold rating to a sell rating in a report on Wednesday, September 12th. Deutsche Bank dropped their price objective on shares of Lendingtree from $290.00 to $270.00 and set a hold rating on the stock in a report on Thursday, August 16th. Finally, Royal Bank of Canada reaffirmed a buy rating on shares of Lendingtree in a report on Friday, July 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $330.13.

NASDAQ:TREE traded up $51.87 during trading hours on Wednesday, reaching $253.56. 37,175 shares of the company were exchanged, compared to its average volume of 249,597. The company has a market capitalization of $2.49 billion, a P/E ratio of 83.75, a P/E/G ratio of 1.28 and a beta of 2.11. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.59 and a quick ratio of 3.59. Lendingtree has a 1-year low of $183.25 and a 1-year high of $404.40.

Lendingtree (NASDAQ:TREE) last released its quarterly earnings results on Thursday, November 1st. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.61. Lendingtree had a return on equity of 12.09% and a net margin of 10.82%. The business had revenue of $197.10 million during the quarter, compared to the consensus estimate of $199.28 million. During the same quarter in the previous year, the business earned $1.17 EPS. The company’s quarterly revenue was up 14.9% on a year-over-year basis. On average, sell-side analysts anticipate that Lendingtree will post 3.62 EPS for the current fiscal year.

In other Lendingtree news, Director Peter Horan sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $244.51, for a total transaction of $244,510.00. Following the completion of the transaction, the director now directly owns 24,015 shares in the company, valued at $5,871,907.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 20.50% of the company’s stock.

A number of large investors have recently bought and sold shares of TREE. Baillie Gifford & Co. grew its stake in shares of Lendingtree by 5.0% in the second quarter. Baillie Gifford & Co. now owns 1,330,086 shares of the financial services provider’s stock worth $284,373,000 after purchasing an additional 63,369 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Lendingtree by 47.4% during the third quarter. Nikko Asset Management Americas Inc. now owns 561,873 shares of the financial services provider’s stock valued at $129,231,000 after buying an additional 180,718 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Lendingtree by 38.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 377,933 shares of the financial services provider’s stock valued at $80,802,000 after buying an additional 104,835 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Lendingtree by 84.2% during the second quarter. Macquarie Group Ltd. now owns 353,187 shares of the financial services provider’s stock valued at $75,511,000 after buying an additional 161,407 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in Lendingtree by 38.1% during the first quarter. Allianz Asset Management GmbH now owns 301,365 shares of the financial services provider’s stock valued at $98,893,000 after buying an additional 83,215 shares in the last quarter. Institutional investors own 84.86% of the company’s stock.

Lendingtree Company Profile

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.

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Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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