Lendingtree (TREE) Hits New 12-Month Low at $190.59

Lendingtree Inc (NASDAQ:TREE)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $190.59 and last traded at $200.95, with a volume of 313691 shares traded. The stock had previously closed at $211.93.

Several equities analysts have issued reports on the company. BidaskClub upgraded Lendingtree from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. Northland Securities cut Lendingtree from an “outperform” rating to a “market perform” rating in a research report on Friday, July 27th. Compass Point reiterated a “hold” rating and set a $250.00 target price on shares of Lendingtree in a research report on Friday, July 27th. Royal Bank of Canada restated a “buy” rating on shares of Lendingtree in a report on Friday, July 27th. Finally, SunTrust Banks lowered their price target on Lendingtree from $310.00 to $280.00 and set a “hold” rating on the stock in a report on Thursday, July 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $330.13.

The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 70.17, a P/E/G ratio of 1.30 and a beta of 2.11. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.70.



Lendingtree (NASDAQ:TREE) last released its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.69. The business had revenue of $184.10 million for the quarter, compared to analysts’ expectations of $194.88 million. Lendingtree had a return on equity of 12.09% and a net margin of 10.82%. The company’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. Research analysts forecast that Lendingtree Inc will post 3.62 earnings per share for the current year.

In related news, Director Peter Horan sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $244.51, for a total value of $244,510.00. Following the sale, the director now owns 24,015 shares in the company, valued at approximately $5,871,907.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 20.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Retirement Systems of Alabama lifted its stake in Lendingtree by 2.1% in the 2nd quarter. Retirement Systems of Alabama now owns 10,190 shares of the financial services provider’s stock valued at $2,179,000 after buying an additional 214 shares in the last quarter. Legal & General Group Plc lifted its stake in Lendingtree by 3.5% in the 2nd quarter. Legal & General Group Plc now owns 7,507 shares of the financial services provider’s stock valued at $1,605,000 after buying an additional 254 shares in the last quarter. Arizona State Retirement System lifted its stake in Lendingtree by 5.1% in the 2nd quarter. Arizona State Retirement System now owns 5,464 shares of the financial services provider’s stock valued at $1,168,000 after buying an additional 264 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in Lendingtree by 43.7% in the 1st quarter. Xact Kapitalforvaltning AB now owns 986 shares of the financial services provider’s stock valued at $324,000 after buying an additional 300 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Lendingtree by 35.8% in the 2nd quarter. Amalgamated Bank now owns 1,278 shares of the financial services provider’s stock valued at $273,000 after buying an additional 337 shares in the last quarter. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

About Lendingtree (NASDAQ:TREE)

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.

Read More: Earnings Per Share (EPS) Explained

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