BidaskClub upgraded shares of Lendingtree (NASDAQ:TREE) from a strong sell rating to a sell rating in a research note published on Friday, BidAskClub reports.

Other equities research analysts have also issued research reports about the stock. Northland Securities reissued a hold rating on shares of Lendingtree in a report on Thursday, July 25th. SunTrust Banks set a $350.00 price objective on shares of Lendingtree and gave the company a hold rating in a report on Monday, August 12th. UBS Group raised shares of Lendingtree from a neutral rating to a buy rating and upped their price objective for the company from $355.00 to $395.00 in a report on Tuesday, September 3rd. Susquehanna Bancshares raised shares of Lendingtree from a neutral rating to a positive rating in a research note on Thursday, July 25th. Finally, ValuEngine lowered shares of Lendingtree from a hold rating to a sell rating in a research note on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $367.00.

Shares of TREE opened at $325.73 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. Lendingtree has a 12-month low of $183.25 and a 12-month high of $434.94. The firm has a 50-day moving average price of $309.90 and a 200 day moving average price of $359.74. The firm has a market capitalization of $4.19 billion, a P/E ratio of 36.68, a P/E/G ratio of 11.35 and a beta of 2.14.

Lendingtree (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.50. Lendingtree had a net margin of 3.63% and a return on equity of 12.54%. The firm had revenue of $278.40 million during the quarter, compared to analyst estimates of $267.46 million. During the same quarter in the prior year, the firm posted $1.47 earnings per share. Lendingtree’s quarterly revenue was up 51.2% on a year-over-year basis. Equities research analysts predict that Lendingtree will post 1.22 earnings per share for the current fiscal year.

In other news, insider Sushil Sharma sold 2,128 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $317.03, for a total value of $674,639.84. Following the completion of the transaction, the insider now owns 8,097 shares of the company’s stock, valued at $2,566,991.91. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Peter Horan sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $312.65, for a total transaction of $312,650.00. Following the completion of the transaction, the director now directly owns 20,088 shares of the company’s stock, valued at approximately $6,280,513.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,016 shares of company stock valued at $11,351,290. 17.90% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of TREE. Meridian Wealth Management LLC purchased a new position in shares of Lendingtree in the first quarter valued at approximately $35,000. Rehmann Capital Advisory Group boosted its stake in shares of Lendingtree by 240.0% in the second quarter. Rehmann Capital Advisory Group now owns 85 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 60 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Lendingtree in the second quarter valued at approximately $79,000. Pinebridge Investments L.P. purchased a new position in shares of Lendingtree in the second quarter valued at approximately $81,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Lendingtree by 1,293.3% in the second quarter. Tower Research Capital LLC TRC now owns 209 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 194 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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