ValuEngine Lowers Lendingtree (TREE) to Sell

ValuEngine lowered shares of Lendingtree (NASDAQ:TREE) from a hold rating to a sell rating in a research note released on Wednesday morning.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Lendingtree from a strong-buy rating to a hold rating in a report on Wednesday, August 1st. Deutsche Bank cut their price target on shares of Lendingtree from $290.00 to $270.00 and set a hold rating on the stock in a report on Thursday, August 16th. BidaskClub cut shares of Lendingtree from a hold rating to a sell rating in a report on Saturday, June 30th. SunTrust Banks cut their price target on shares of Lendingtree from $310.00 to $280.00 and set a hold rating on the stock in a report on Thursday, July 26th. Finally, Deutsche Bank began coverage on shares of Lendingtree in a report on Wednesday, May 30th. They set a hold rating and a $290.00 price target on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $328.18.

NASDAQ:TREE opened at $235.90 on Wednesday. Lendingtree has a 52 week low of $205.45 and a 52 week high of $404.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.59 and a current ratio of 3.59. The company has a market cap of $3.08 billion, a PE ratio of 78.11, a PEG ratio of 1.59 and a beta of 2.07.

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

In related news, Director Gci Liberty, Inc. bought 220,000 shares of the company’s stock in a transaction that occurred on Friday, July 6th. The shares were bought at an average price of $213.99 per share, for a total transaction of $47,077,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas R. Lebda sold 14,750 shares of the firm’s stock in a transaction that occurred on Tuesday, June 19th. The stock was sold at an average price of $251.97, for a total transaction of $3,716,557.50. Following the completion of the sale, the chief executive officer now owns 534,354 shares in the company, valued at approximately $134,641,177.38. The disclosure for this sale can be found here. Insiders sold 133,752 shares of company stock worth $31,040,335 in the last 90 days. 20.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of TREE. Retirement Systems of Alabama raised its position in Lendingtree by 2.1% in the second quarter. Retirement Systems of Alabama now owns 10,190 shares of the financial services provider’s stock worth $2,179,000 after acquiring an additional 214 shares during the period. Legal & General Group Plc raised its position in Lendingtree by 3.5% in the second quarter. Legal & General Group Plc now owns 7,507 shares of the financial services provider’s stock worth $1,605,000 after acquiring an additional 254 shares during the period. Arizona State Retirement System raised its position in Lendingtree by 5.1% in the second quarter. Arizona State Retirement System now owns 5,464 shares of the financial services provider’s stock worth $1,168,000 after acquiring an additional 264 shares during the period. Polen Capital Management LLC raised its position in Lendingtree by 42.5% in the first quarter. Polen Capital Management LLC now owns 949 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 283 shares during the period. Finally, Xact Kapitalforvaltning AB raised its position in Lendingtree by 43.7% in the first quarter. Xact Kapitalforvaltning AB now owns 986 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 300 shares during the period. Institutional investors own 84.25% of the company’s stock.

Lendingtree Company Profile

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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