Lendingtree (NASDAQ:TREE) Lifted to “Buy” at BidaskClub

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BidaskClub upgraded shares of Lendingtree (NASDAQ:TREE) from a hold rating to a buy rating in a research report sent to investors on Thursday, BidAskClub reports.

Several other equities research analysts also recently commented on the stock. Bank of America restated a buy rating and issued a $420.00 price target (up previously from $400.00) on shares of Lendingtree in a research report on Monday, April 29th. Deutsche Bank downgraded shares of RIGHTMOVE PLC/ADR from a buy rating to a hold rating in a research report on Monday, April 29th. Compass Point restated a buy rating and issued a $345.00 price target (up previously from $305.00) on shares of Lendingtree in a research report on Tuesday, April 30th. Northland Securities restated a hold rating on shares of Lendingtree in a research report on Friday, April 26th. Finally, Oppenheimer upped their price target on shares of Lendingtree from $350.00 to $440.00 and gave the company an outperform rating in a research report on Monday, April 29th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $356.56.

Shares of NASDAQ:TREE opened at $432.68 on Thursday. The company has a market capitalization of $5.57 billion, a PE ratio of 123.62, a price-to-earnings-growth ratio of 4.01 and a beta of 2.25. Lendingtree has a 1-year low of $183.25 and a 1-year high of $434.94. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.72. The business’s 50 day simple moving average is $399.63.

Lendingtree (NASDAQ:TREE) last issued its earnings results on Friday, April 26th. The financial services provider reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.56. The firm had revenue of $262.40 million during the quarter, compared to analysts’ expectations of $239.73 million. Lendingtree had a net margin of 7.62% and a return on equity of 13.71%. The firm’s revenue for the quarter was up 45.0% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. As a group, research analysts predict that Lendingtree will post 3.85 earnings per share for the current fiscal year.

In other Lendingtree news, Director Gabriel Dalporto sold 637 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $386.34, for a total value of $246,098.58. Following the completion of the sale, the director now owns 187 shares in the company, valued at approximately $72,245.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven Ozonian sold 1,650 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $373.06, for a total transaction of $615,549.00. Following the completion of the sale, the director now owns 5,467 shares of the company’s stock, valued at approximately $2,039,519.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,380 shares of company stock valued at $20,469,998. 17.90% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Retirement Systems of Alabama lifted its position in Lendingtree by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 9,716 shares of the financial services provider’s stock worth $4,081,000 after buying an additional 28 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Lendingtree by 2.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 1,369 shares of the financial services provider’s stock worth $481,000 after buying an additional 35 shares in the last quarter. Mason Street Advisors LLC lifted its position in Lendingtree by 1.5% in the 1st quarter. Mason Street Advisors LLC now owns 3,957 shares of the financial services provider’s stock worth $1,391,000 after buying an additional 60 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in Lendingtree in the 1st quarter worth approximately $35,000. Finally, Texas Permanent School Fund lifted its position in Lendingtree by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 5,053 shares of the financial services provider’s stock worth $1,776,000 after buying an additional 184 shares in the last quarter. Institutional investors own 84.97% of the company’s stock.

About Lendingtree

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans 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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