Lendingtree (NASDAQ:TREE) Rating Lowered to Sell at BidaskClub

Lendingtree (NASDAQ:TREE) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday, BidAskClub reports.

A number of other research firms have also weighed in on TREE. Zacks Investment Research raised Lendingtree from a “strong sell” rating to a “hold” rating and set a $264.00 price objective on the stock in a research note on Friday, September 27th. Northland Securities reaffirmed a “hold” rating on shares of Lendingtree in a research note on Thursday, July 25th. TheStreet lowered Lendingtree from a “b” rating to a “c+” rating in a research note on Monday, July 29th. ValuEngine raised Lendingtree from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, SunTrust Banks decreased their price target on Lendingtree to $335.00 and set a “hold” rating on the stock in a research note on Tuesday, October 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $359.33.

NASDAQ TREE traded down $0.83 on Tuesday, reaching $369.52. 2,090 shares of the company were exchanged, compared to its average volume of 171,077. The business’s fifty day moving average price is $336.55 and its 200 day moving average price is $354.40. The stock has a market capitalization of $4.81 billion, a P/E ratio of 41.64, a price-to-earnings-growth ratio of 6.09 and a beta of 2.19. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.67. Lendingtree has a fifty-two week low of $199.15 and a fifty-two week high of $434.94.

Lendingtree (NASDAQ:TREE) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $1.62. The company had revenue of $310.60 million for the quarter, compared to analyst estimates of $295.26 million. Lendingtree had a return on equity of 14.58% and a net margin of 1.20%. The firm’s revenue for the quarter was up 57.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 earnings per share. Equities research analysts forecast that Lendingtree will post 2.22 earnings per share for the current year.

In other news, Director Peter Horan sold 300 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $386.48, for a total value of $115,944.00. Following the transaction, the director now owns 19,423 shares of the company’s stock, valued at approximately $7,506,601.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 17.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in shares of Lendingtree in the 2nd quarter valued at $79,000. Dorsey Wright & Associates purchased a new stake in shares of Lendingtree in the 2nd quarter valued at $2,022,000. Voloridge Investment Management LLC purchased a new stake in shares of Lendingtree in the 2nd quarter valued at $3,720,000. Keybank National Association OH raised its holdings in shares of Lendingtree by 142.8% in the 3rd quarter. Keybank National Association OH now owns 2,409 shares of the financial services provider’s stock valued at $748,000 after buying an additional 1,417 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in Lendingtree by 2.5% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 2,185 shares of the financial services provider’s stock worth $678,000 after purchasing an additional 54 shares during the period. 80.06% of the stock is currently owned by institutional investors and hedge funds.

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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