LendingTree (NASDAQ:TREE) PT Raised to $34.00 at Keefe, Bruyette & Woods

LendingTree (NASDAQ:TREE – Get Rating) had its price target boosted by stock analysts at Keefe, Bruyette & Woods from $25.00 to $34.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 2.78% from the stock’s previous close.

Several other brokerages have also recently weighed in on TREE. Needham & Company LLC raised their price objective on LendingTree from $32.00 to $45.00 and gave the company a “buy” rating in a report on Monday. Susquehanna cut LendingTree from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $46.00 to $36.00 in a report on Tuesday. Bank of America reduced their price target on LendingTree from $53.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Oppenheimer lifted their price target on LendingTree from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.25.

LendingTree Trading Up 0.5 %

LendingTree stock opened at $33.08 on Tuesday. The company has a market cap of $423.09 million, a price-to-earnings ratio of -2.25 and a beta of 1.90. The firm has a 50-day moving average of $33.02 and a 200-day moving average of $28.94. The company has a debt-to-equity ratio of 3.94, a current ratio of 4.48 and a quick ratio of 4.48. LendingTree has a one year low of $17.59 and a one year high of $129.30.

LendingTree (NASDAQ:TREE – Get Rating) last announced its quarterly earnings data on Monday, February 27th. The financial services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.72. The company had revenue of $202.10 million during the quarter, compared to analysts’ expectations of $208.13 million. LendingTree had a negative return on equity of 13.44% and a negative net margin of 19.08%. LendingTree’s revenue for the quarter was down 21.8% compared to the same quarter last year. During the same quarter last year, the company earned ($1.23) EPS. On average, equities analysts expect that LendingTree will post -3.45 earnings per share for the current fiscal year.

Insider Transactions at LendingTree

In other news, CEO Douglas R. Lebda acquired 18,268 shares of LendingTree stock in a transaction dated Monday, January 30th. The stock was bought at an average price of $38.63 per share, for a total transaction of $705,692.84. Following the completion of the acquisition, the chief executive officer now directly owns 214,859 shares in the company, valued at approximately $8,300,003.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Douglas R. Lebda acquired 18,268 shares of the stock in a transaction on Monday, January 30th. The stock was acquired at an average cost of $38.63 per share, for a total transaction of $705,692.84. Following the completion of the transaction, the chief executive officer now directly owns 214,859 shares in the company, valued at $8,300,003.17. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas R. Lebda acquired 65,062 shares of the stock in a transaction on Monday, January 23rd. The shares were purchased at an average price of $32.03 per share, with a total value of $2,083,935.86. Following the completion of the transaction, the chief executive officer now owns 65,062 shares of the company’s stock, valued at $2,083,935.86. The disclosure for this purchase can be found here. Corporate insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC acquired a new position in LendingTree during the fourth quarter valued at approximately $338,000. Alliancebernstein L.P. increased its holdings in shares of LendingTree by 42.3% during the fourth quarter. Alliancebernstein L.P. now owns 21,885 shares of the financial services provider’s stock worth $467,000 after buying an additional 6,510 shares in the last quarter. Point72 Middle East FZE acquired a new position in shares of LendingTree during the fourth quarter worth $42,000. Tejara Capital Ltd acquired a new position in shares of LendingTree during the fourth quarter worth $322,000. Finally, State of Wisconsin Investment Board increased its holdings in shares of LendingTree by 5.7% during the fourth quarter. State of Wisconsin Investment Board now owns 124,134 shares of the financial services provider’s stock worth $2,648,000 after buying an additional 6,692 shares in the last quarter. 83.16% of the stock is currently owned by institutional investors and hedge funds.

About LendingTree

(Get Rating)

LendingTree, Inc engages in the operation of an online loan marketplace for consumers seeking loans and other credit-based offerings. It operates through the following segments: Home, Consumer, and Insurance. The Home segment consists of purchase mortgage, refinance mortgage, home equity loans and lines of credit and reverse mortgage loans and real estate.