Lendingtree (NASDAQ:TREE) Upgraded to Buy at BidaskClub
Several other equities research analysts also recently commented on TREE. ValuEngine downgraded shares of Intersect ENT from a buy rating to a hold rating in a report on Monday, June 3rd. SunTrust Banks upped their price objective on shares of Lendingtree to $326.00 and gave the company a hold rating in a report on Monday, April 29th. They noted that the move was a valuation call. Northland Securities reaffirmed a hold rating on shares of Lendingtree in a report on Friday, April 26th. Royal Bank of Canada downgraded shares of Roku from an outperform rating to a sector perform rating and set a $90.00 price objective on the stock. in a report on Monday, July 1st. They noted that the move was a valuation call. Finally, Oppenheimer upped their price objective on shares of Lendingtree from $350.00 to $440.00 and gave the company an outperform rating in a report on Monday, April 29th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $352.90.
NASDAQ TREE traded down $8.08 during trading on Thursday, hitting $425.26. 2,922 shares of the company’s stock traded hands, compared to its average volume of 198,152. The stock has a market capitalization of $5.39 billion, a PE ratio of 47.73, a price-to-earnings-growth ratio of 3.88 and a beta of 2.25. Lendingtree has a 12-month low of $183.25 and a 12-month high of $434.94. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.72. The business’s 50 day simple moving average is $398.60.
In other news, President Neil Salvage sold 1,370 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $393.00, for a total transaction of $538,410.00. Following the sale, the president now directly owns 10,671 shares in the company, valued at $4,193,703. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gabriel Dalporto sold 637 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $386.34, for a total value of $246,098.58. Following the sale, the director now owns 187 shares in the company, valued at $72,245.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,380 shares of company stock worth $20,469,998. Company insiders own 17.90% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in TREE. Texas Permanent School Fund increased its position in shares of Lendingtree by 4.1% in the fourth quarter. Texas Permanent School Fund now owns 4,869 shares of the financial services provider’s stock worth $1,069,000 after purchasing an additional 192 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Lendingtree by 82.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,539 shares of the financial services provider’s stock worth $997,000 after purchasing an additional 2,046 shares during the last quarter. Timpani Capital Management LLC bought a new position in shares of Lendingtree in the first quarter worth approximately $4,087,000. Rhumbline Advisers increased its position in shares of Lendingtree by 0.8% in the first quarter. Rhumbline Advisers now owns 23,698 shares of the financial services provider’s stock worth $8,331,000 after purchasing an additional 185 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Lendingtree by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 114,460 shares of the financial services provider’s stock worth $25,131,000 after purchasing an additional 1,170 shares during the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.
Lendingtree Company Profile
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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