LendingTree, Inc. (NASDAQ:TREE) issued its earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.20, Bloomberg Earnings reports. The company had revenue of $171.50 million for the quarter, compared to the consensus estimate of $157.97 million. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The firm’s quarterly revenue was up 81.3% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS.
LendingTree (TREE) traded down $0.50 during trading hours on Friday, reaching $257.75. The company’s stock had a trading volume of 94,600 shares, compared to its average volume of 189,644. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.78. LendingTree has a 1-year low of $87.16 and a 1-year high of $280.80. The company has a market cap of $3,090.94, a P/E ratio of 78.50, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51.
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Several brokerages recently issued reports on TREE. Stephens reissued an “overweight” rating and set a $250.00 target price (up previously from $200.00) on shares of LendingTree in a research note on Sunday, July 30th. Royal Bank of Canada lifted their target price on LendingTree from $160.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Needham & Company LLC reissued a “buy” rating and set a $250.00 target price (up previously from $200.00) on shares of LendingTree in a research note on Thursday, July 27th. Northland Securities reissued a “buy” rating and set a $150.00 target price on shares of LendingTree in a research note on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. lifted their target price on LendingTree from $245.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $247.08.
In other news, CEO Douglas R. Lebda sold 1,846 shares of LendingTree stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $275.00, for a total value of $507,650.00. Following the completion of the transaction, the chief executive officer now owns 453,418 shares in the company, valued at approximately $124,689,950. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas R. Lebda sold 4,000 shares of LendingTree stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $222.64, for a total value of $890,560.00. Following the completion of the transaction, the chief executive officer now owns 484,992 shares of the company’s stock, valued at approximately $107,978,618.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,810 shares of company stock valued at $13,425,828. Company insiders own 21.90% of the company’s stock.
LendingTree Company Profile
LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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