LendingTree (TREE) Projected to Post Quarterly Earnings on Tuesday

LendingTree (NASDAQ:TREE) is expected to be announcing its earnings results before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $238.12 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

LendingTree Price Performance

Shares of NASDAQ TREE opened at $41.27 on Friday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. LendingTree has a fifty-two week low of $28.50 and a fifty-two week high of $62.49. The firm has a market capitalization of $551.37 million, a PE ratio of -15.29 and a beta of 2.07. The stock’s 50-day simple moving average is $41.93 and its 200-day simple moving average is $48.12.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TREE shares. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Oppenheimer raised their target price on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Susquehanna raised their target price on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods lifted their price target on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Truist Financial lifted their price target on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $64.00.

Insider Activity

In other news, CTO Scott V. Totman bought 3,750 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was bought at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the transaction, the chief technology officer now owns 18,192 shares in the company, valued at $702,029.28. The trade was a 25.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas R. Lebda purchased 13,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was bought at an average cost of $39.72 per share, for a total transaction of $516,360.00. Following the acquisition, the chief executive officer now owns 121,599 shares in the company, valued at approximately $4,829,912.28. The trade was a 11.97 % increase in their position. The disclosure for this purchase can be found here. Insiders own 23.40% of the company’s stock.

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.