According to Zacks, “LendingTree is the nation’s leading online loan marketplace, empowering consumers as they comparison-shop across a full suite of loan and credit-based offerings. LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 55 million loan requests. LendingTree provides free monthly credit scores through My LendingTree and access to its network of over 350 lenders offering home loans, personal loans, credit cards, student loans, business loans, home equity loans/lines of credit, auto loans and more. LendingTree, LLC is a subsidiary of LendingTree, Inc. “
Other analysts have also issued research reports about the company. Vetr raised Tree.com from a hold rating to a buy rating and set a $118.86 price objective on the stock in a research note on Monday, August 8th. Compass Point increased their price objective on Tree.com from $100.00 to $120.00 and gave the company a buy rating in a research note on Friday, July 29th. Mizuho increased their price objective on Tree.com from $110.00 to $122.00 and gave the company a buy rating in a research note on Friday, July 29th. RBC Capital Markets reaffirmed a buy rating and set a $150.00 price objective on shares of Tree.com in a research note on Thursday, July 28th. Finally, Needham & Company LLC reaffirmed a buy rating on shares of Tree.com in a research note on Monday, June 27th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Tree.com currently has a consensus rating of Buy and an average target price of $128.45.
Tree.com (NASDAQ:TREE) opened at 97.16 on Wednesday. The firm has a 50-day moving average price of $98.45 and a 200 day moving average price of $92.28. The firm has a market capitalization of $1.14 billion, a P/E ratio of 24.13 and a beta of 1.12. Tree.com has a 52-week low of $52.11 and a 52-week high of $131.83.
Tree.com (NASDAQ:TREE) last posted its earnings results on Thursday, July 28th. The company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.20. The company had revenue of $94.30 million for the quarter, compared to analyst estimates of $95.48 million. Tree.com had a return on equity of 30.48% and a net margin of 15.33%. Tree.com’s revenue was up 71.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. Analysts forecast that Tree.com will post $3.29 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its position in Tree.com by 3.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,154 shares of the company’s stock worth $112,000 after buying an additional 40 shares during the period. BNP Paribas Arbitrage SA increased its position in Tree.com by 121.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,126 shares of the company’s stock worth $188,000 after buying an additional 1,168 shares during the period. Societe Generale purchased a new position in Tree.com during the second quarter worth approximately $247,000. SG Americas Securities LLC increased its position in Tree.com by 5.6% in the second quarter. SG Americas Securities LLC now owns 2,791 shares of the company’s stock worth $247,000 after buying an additional 147 shares during the period. Finally, Bayesian Capital Management LP purchased a new position in Tree.com during the first quarter worth approximately $314,000. Institutional investors own 82.63% of the company’s stock.
LendingTree, Inc (LendingTree), formerly Tree.com, Inc, is engaged in operating an online loan marketplace for consumers. The Company offers a range of loan types and other credit-based offerings for its consumers. The Company operates through Lending activities segment. 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, reverse mortgage, auto loans, credit cards, personal loans, student loans and small business loans, and other related offerings.
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