Press coverage about LendingTree (NASDAQ:TREE) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LendingTree earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.8192336011232 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
A number of research firms recently issued reports on TREE. SunTrust Banks began coverage on shares of LendingTree in a research report on Tuesday, January 23rd. They set a “hold” rating for the company. Bank of America restated a “buy” rating and set a $425.00 target price on shares of LendingTree in a research report on Tuesday, January 23rd. Zacks Investment Research downgraded shares of LendingTree from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. BidaskClub downgraded shares of LendingTree from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 30th. Finally, BWS Financial set a $194.00 target price on shares of LendingTree and gave the company a “sell” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. LendingTree currently has an average rating of “Buy” and a consensus target price of $330.93.
Shares of LendingTree stock opened at $307.00 on Thursday. The stock has a market capitalization of $3,957.79, a price-to-earnings ratio of 101.66, a PEG ratio of 1.96 and a beta of 1.73. LendingTree has a fifty-two week low of $125.60 and a fifty-two week high of $404.40. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.97 and a quick ratio of 2.97.
LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.06). The firm had revenue of $161.00 million during the quarter, compared to analyst estimates of $150.25 million. LendingTree had a return on equity of 14.67% and a net margin of 2.52%. The company’s revenue was up 59.7% on a year-over-year basis. During the same quarter last year, the company posted $0.87 EPS. sell-side analysts predict that LendingTree will post 4.11 earnings per share for the current year.
LendingTree declared that its Board of Directors has authorized a share repurchase program on Thursday, February 22nd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
In other LendingTree news, Director Gabriel Dalporto sold 46,876 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $340.07, for a total value of $15,941,121.32. Following the completion of the transaction, the director now owns 47,513 shares in the company, valued at $16,157,745.91. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas R. Lebda sold 14,750 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $324.56, for a total transaction of $4,787,260.00. Following the completion of the transaction, the chief executive officer now owns 532,076 shares of the company’s stock, valued at approximately $172,690,586.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 162,154 shares of company stock valued at $53,585,409. Insiders own 21.90% of the company’s stock.
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LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings 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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