LendingTree (NASDAQ:TREE) Stock Rating Reaffirmed by Needham & Company LLC

LendingTree (NASDAQ:TREE)‘s stock had its “buy” rating restated by investment analysts at Needham & Company LLC in a report issued on Thursday, Benzinga reports. They currently have a $56.00 price target on the financial services provider’s stock. Needham & Company LLC’s price objective suggests a potential upside of 32.76% from the company’s previous close.

TREE has been the topic of several other research reports. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. Susquehanna upped their target price on LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Oppenheimer lifted their target price on LendingTree from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods increased their price target on LendingTree from $45.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.

LendingTree Trading Up 0.5 %

Shares of TREE stock opened at $42.18 on Thursday. LendingTree has a 1-year low of $10.12 and a 1-year high of $52.76. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 4.80. The stock has a market cap of $558.04 million, a price-to-earnings ratio of -4.06 and a beta of 2.13. The stock has a 50-day moving average of $42.85 and a 200-day moving average of $36.93.

LendingTree (NASDAQ:TREE) last released its earnings results on Tuesday, April 30th. The financial services provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.36. The business had revenue of $167.80 million during the quarter, compared to the consensus estimate of $164.03 million. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. On average, equities research analysts forecast that LendingTree will post -0.04 earnings per share for the current year.

Insider Buying and Selling at LendingTree

In other news, Director Gabriel Dalporto sold 1,442 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $50.17, for a total transaction of $72,345.14. Following the transaction, the director now directly owns 4,478 shares of the company’s stock, valued at $224,661.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Trent Ziegler sold 8,750 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.30, for a total transaction of $431,375.00. Following the completion of the sale, the chief financial officer now directly owns 5 shares of the company’s stock, valued at $246.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gabriel Dalporto sold 1,442 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $50.17, for a total transaction of $72,345.14. Following the completion of the transaction, the director now directly owns 4,478 shares in the company, valued at approximately $224,661.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,802 shares of company stock valued at $673,219. Company insiders own 23.40% of the company’s stock.

Institutional Trading of LendingTree

Institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC grew its holdings in LendingTree by 16.8% during the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after buying an additional 270 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of LendingTree by 1.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock valued at $697,000 after purchasing an additional 295 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of LendingTree by 1.7% in 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 purchasing an additional 553 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of LendingTree by 78.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 1,321 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in LendingTree by 1.4% during the third quarter. Qube Research & Technologies Ltd now owns 116,481 shares of the financial services provider’s stock worth $1,805,000 after purchasing an additional 1,568 shares during the last quarter. 68.26% of the stock is owned by hedge funds and other institutional investors.

About LendingTree

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.