Lendingtree (TREE) Upgraded to Strong-Buy at BidaskClub

Lendingtree (NASDAQ:TREE) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

TREE has been the topic of several other reports. Bank of America reaffirmed a “buy” rating and issued a $425.00 price objective on shares of Lendingtree in a report on Tuesday, January 23rd. SunTrust Banks started coverage on shares of Lendingtree in a report on Tuesday, January 23rd. They issued a “hold” rating on the stock. Oppenheimer upped their price objective on shares of Lendingtree from $340.00 to $370.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Guggenheim set a $360.00 price objective on shares of Lendingtree and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $340.00 price objective on shares of Lendingtree in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Lendingtree currently has an average rating of “Buy” and a consensus target price of $308.33.

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Shares of Lendingtree (NASDAQ:TREE) opened at $379.85 on Friday. The company has a market cap of $4,620.00, a price-to-earnings ratio of 180.02, a PEG ratio of 2.23 and a beta of 1.66. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.81. Lendingtree has a twelve month low of $115.50 and a twelve month high of $404.40.

Lendingtree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.06). The business had revenue of $161.00 million during the quarter, compared to analysts’ expectations of $150.25 million. Lendingtree had a net margin of 2.52% and a return on equity of 14.67%. The firm’s revenue was up 59.7% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. sell-side analysts predict that Lendingtree will post 4.11 earnings per share for the current fiscal year.

Lendingtree declared that its board has initiated a stock repurchase plan on Thursday, February 22nd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In related news, Director Steven Ozonian sold 500 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $360.00, for a total value of $180,000.00. Following the completion of the transaction, the director now directly owns 8,879 shares in the company, valued at approximately $3,196,440. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Carla Shumate sold 4,800 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $343.72, for a total transaction of $1,649,856.00. Following the completion of the transaction, the insider now owns 7,227 shares of the company’s stock, valued at $2,484,064.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 101,654 shares of company stock valued at $34,611,677. Company insiders own 21.90% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Lendingtree by 34.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 639 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 165 shares during the period. Meadow Creek Investment Management LLC raised its position in Lendingtree by 16.7% during the fourth quarter. Meadow Creek Investment Management LLC now owns 1,190 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 170 shares during the period. Aperio Group LLC raised its position in Lendingtree by 22.2% during the fourth quarter. Aperio Group LLC now owns 1,006 shares of the financial services provider’s stock worth $342,000 after acquiring an additional 183 shares during the period. Advisor Group Inc. raised its position in Lendingtree by 36.2% during the fourth quarter. Advisor Group Inc. now owns 718 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 191 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in Lendingtree by 7.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 2,969 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 202 shares during the period. Institutional investors own 77.36% of the company’s stock.

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About Lendingtree

LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.

Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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