LendingTree (NASDAQ:TREE) Given Outperform Rating at William Blair

LendingTree (NASDAQ:TREEGet Rating)‘s stock had its “outperform” rating restated by investment analysts at William Blair in a research report issued on Friday, Stock Target Advisor reports.

Other equities analysts have also recently issued research reports about the company. Susquehanna decreased their price target on LendingTree from $180.00 to $160.00 in a report on Friday, May 6th. Oppenheimer restated an “outperform” rating and issued a $190.00 target price on shares of LendingTree in a research note on Monday, March 28th. Northland Securities lowered shares of LendingTree from an “outperform” rating to a “market perform” rating and set a $90.00 price target for the company. in a report on Friday, May 6th. Keefe, Bruyette & Woods started coverage on shares of LendingTree in a report on Monday, February 14th. They issued a “market perform” rating and a $139.00 price objective on the stock. Finally, StockNews.com initiated coverage on LendingTree in a research note on Thursday, March 31st. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, LendingTree presently has an average rating of “Hold” and a consensus target price of $161.89.

Shares of NASDAQ:TREE traded down $2.48 during midday trading on Friday, hitting $61.37. 1,277 shares of the company’s stock traded hands, compared to its average volume of 232,768. The firm’s fifty day moving average price is $86.83 and its two-hundred day moving average price is $107.75. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.18 and a current ratio of 1.18. LendingTree has a twelve month low of $54.42 and a twelve month high of $228.81. The company has a market cap of $783.69 million, a PE ratio of 21.72 and a beta of 1.62.

LendingTree (NASDAQ:TREEGet Rating) last released its quarterly earnings data on Thursday, May 5th. The financial services provider reported ($0.62) EPS for the quarter, beating the consensus estimate of ($1.02) by $0.40. LendingTree had a negative return on equity of 4.84% and a net margin of 3.54%. The company had revenue of $283.18 million for the quarter, compared to analyst estimates of $283.65 million. During the same period last year, the company posted $0.18 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts anticipate that LendingTree will post -2.21 EPS for the current fiscal year.

In other news, Director Mark A. Ernst acquired 10,000 shares of the stock in a transaction that occurred on Monday, May 9th. The stock was purchased at an average cost of $65.67 per share, with a total value of $656,700.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $656,700. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.70% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in LendingTree by 4,176.9% in the first quarter. Signaturefd LLC now owns 556 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 543 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of LendingTree in the 1st quarter worth approximately $99,000. Point72 Hong Kong Ltd boosted its position in LendingTree by 39.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 1,355 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 384 shares during the period. Wolverine Asset Management LLC acquired a new position in LendingTree during the 1st quarter valued at approximately $203,000. Finally, AlphaCrest Capital Management LLC grew its stake in LendingTree by 8.5% during the 4th quarter. AlphaCrest Capital Management LLC now owns 1,839 shares of the financial services provider’s stock worth $225,000 after buying an additional 144 shares during the last quarter. 86.31% of the stock is owned by hedge funds and other institutional investors.

LendingTree Company Profile (Get Rating)

LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.

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