Lendingtree (TREE) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of Lendingtree (NASDAQ:TREE) from a hold rating to a buy rating in a research report report published on Thursday morning.

A number of other equities research analysts also recently commented on TREE. BidaskClub upgraded shares of Lendingtree from a sell rating to a hold rating in a report on Wednesday, September 5th. Oppenheimer set a $300.00 price target on shares of Lendingtree and gave the company a buy rating in a research report on Wednesday. Northland Securities cut shares of Lendingtree from an outperform rating to a market perform rating in a research report on Monday, November 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 research note on Thursday, August 16th. Finally, Zacks Investment Research upgraded shares of Lendingtree from a hold rating to a buy rating and set a $253.00 price objective on the stock in a research note on Tuesday, September 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $323.88.

Shares of NASDAQ:TREE opened at $252.25 on Thursday. The firm has a market cap of $3.21 billion, a P/E ratio of 83.53, a price-to-earnings-growth ratio of 1.91 and a beta of 2.18. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.66. Lendingtree has a 1-year low of $183.25 and a 1-year high of $404.40.



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

In other news, Director Steven Ozonian sold 975 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 7,344 shares in the company, valued at $1,820,063.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 20.50% of the company’s stock.

Several large investors have recently bought and sold shares of TREE. Baillie Gifford & Co. boosted its stake in Lendingtree by 4.4% in the 3rd quarter. Baillie Gifford & Co. now owns 1,388,852 shares of the financial services provider’s stock valued at $319,575,000 after purchasing an additional 58,766 shares during the period. Nikko Asset Management Americas Inc. raised its stake in shares of Lendingtree by 47.4% in the third quarter. Nikko Asset Management Americas Inc. now owns 561,873 shares of the financial services provider’s stock worth $129,231,000 after purchasing an additional 180,718 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Lendingtree by 48.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 559,424 shares of the financial services provider’s stock valued at $128,723,000 after acquiring an additional 181,491 shares during the last quarter. Jackson Square Partners LLC increased its position in Lendingtree by 18.5% in the third quarter. Jackson Square Partners LLC now owns 492,932 shares of the financial services provider’s stock worth $113,423,000 after buying an additional 76,892 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of Lendingtree by 53.3% in the third quarter. William Blair Investment Management LLC now owns 461,906 shares of the financial services provider’s stock worth $106,285,000 after acquiring an additional 160,617 shares during the period. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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