Lendingtree (TREE) Upgraded to “Buy” at ValuEngine

Lendingtree (NASDAQ:TREE) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.

Other equities analysts have also issued reports about the company. Deutsche Bank decreased their price objective on Lendingtree from $290.00 to $270.00 and set a “hold” rating for the company in a report on Thursday, August 16th. BidaskClub lowered Lendingtree from a “hold” rating to a “sell” rating in a report on Saturday, September 15th. Zacks Investment Research raised Lendingtree from a “hold” rating to a “buy” rating and set a $253.00 price objective for the company in a report on Tuesday, September 25th. Northland Securities raised Lendingtree from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 31st. Finally, Oppenheimer set a $300.00 price objective on Lendingtree and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $323.88.

Shares of NASDAQ:TREE traded up $11.61 during trading on Thursday, hitting $261.92. 490,118 shares of the company traded hands, compared to its average volume of 238,054. The firm has a market capitalization of $3.21 billion, a PE ratio of 86.73, a price-to-earnings-growth ratio of 1.91 and a beta of 2.18. Lendingtree has a one year low of $183.25 and a one year high of $404.40. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.66.

Lendingtree (NASDAQ:TREE) last posted its earnings results on Thursday, November 1st. The financial services provider reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.61. The company had revenue of $197.10 million during the quarter, compared to analyst estimates of $199.28 million. Lendingtree had a return on equity of 12.86% and a net margin of 12.73%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 earnings per share. As a group, analysts predict that Lendingtree will post 3.69 EPS for the current fiscal year.

In related news, Director Steven Ozonian sold 975 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $247.83, for a total value of $241,634.25. Following the completion of the transaction, the director now directly owns 7,344 shares of the company’s stock, valued at approximately $1,820,063.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 20.50% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley lifted its position in Lendingtree by 16.9% in the third quarter. Morgan Stanley now owns 93,579 shares of the financial services provider’s stock worth $21,533,000 after purchasing an additional 13,499 shares during the period. Teachers Advisors LLC lifted its position in Lendingtree by 19.7% in the third quarter. Teachers Advisors LLC now owns 17,304 shares of the financial services provider’s stock worth $3,982,000 after purchasing an additional 2,846 shares during the period. Macquarie Group Ltd. lifted its position in Lendingtree by 13.2% in the third quarter. Macquarie Group Ltd. now owns 399,730 shares of the financial services provider’s stock worth $91,978,000 after purchasing an additional 46,543 shares during the period. MetLife Investment Advisors LLC lifted its position in Lendingtree by 18.4% in the third quarter. MetLife Investment Advisors LLC now owns 10,092 shares of the financial services provider’s stock worth $2,322,000 after purchasing an additional 1,568 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Lendingtree by 12.6% in the third quarter. Pacer Advisors Inc. now owns 2,695 shares of the financial services provider’s stock worth $620,000 after purchasing an additional 301 shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s stock.

About Lendingtree

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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