LendingTree (NASDAQ:TREE) Stock Price Up 7.1%

LendingTree, Inc. (NASDAQ:TREE)’s stock price was up 7.1% on Thursday . The stock traded as high as $49.27 and last traded at $49.14. Approximately 75,506 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 241,747 shares. The stock had previously closed at $45.88.

Analyst Ratings Changes

TREE has been the subject of a number of analyst reports. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research note on Tuesday. Stephens upped their price target on LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Needham & Company LLC boosted their target price on LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Oppenheimer upped their target price on LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of LendingTree from $45.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $58.13.

LendingTree Trading Up 8.6 %

The stock’s fifty day moving average price is $45.60 and its 200 day moving average price is $41.83. The stock has a market cap of $664.73 million, a P/E ratio of -4.81 and a beta of 2.11. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.19). LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%. The business had revenue of $210.10 million for the quarter, compared to the consensus estimate of $187.41 million. During the same period in the previous year, the firm earned $0.43 EPS. The company’s revenue was up 15.1% on a year-over-year basis. Equities research analysts expect that LendingTree, Inc. will post -0.52 earnings per share for the current year.

Insider Buying and Selling

In other LendingTree news, Director Steven Ozonian sold 1,610 shares of LendingTree stock in a transaction on Friday, May 24th. The stock was sold at an average price of $44.31, for a total transaction of $71,339.10. Following the completion of the transaction, the director now owns 6,784 shares in the company, valued at $300,599.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.40% of the stock is currently owned by company insiders.

Institutional Trading of LendingTree

Institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of LendingTree by 1.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,280 shares of the financial services provider’s stock valued at $979,000 after buying an additional 553 shares during the last quarter. Intellectus Partners LLC boosted its stake in LendingTree by 29.6% during the 4th quarter. Intellectus Partners LLC now owns 20,800 shares of the financial services provider’s stock valued at $631,000 after purchasing an additional 4,750 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of LendingTree in the 4th quarter worth $1,946,000. Charles Schwab Investment Management Inc. raised its stake in shares of LendingTree by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 227,302 shares of the financial services provider’s stock worth $6,892,000 after purchasing an additional 11,753 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in LendingTree by 20.6% in the 4th quarter. BNP Paribas Financial Markets now owns 44,088 shares of the financial services provider’s stock worth $1,337,000 after buying an additional 7,528 shares during the last quarter. 68.26% of the stock is currently owned by institutional investors.

LendingTree Company Profile

LendingTree, Inc, through its subsidiary, 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, and home equity loans and lines of credit; and real estate brokerage services.