Headlines about LendingTree (NASDAQ:TREE) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. LendingTree earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.222858987012 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s rankings:
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Zacks: Brokerages Expect LendingTree (TREE) to Post $1.24 EPS (americanbankingnews.com) Form 4/A LendingTree, Inc. For: Apr 12 Filed by: LEBDA DOUGLAS R (streetinsider.com) Form 4/A LendingTree, Inc. For: May 08 Filed by: LEBDA DOUGLAS R (streetinsider.com) LendingTree to acquire Ovation Credit for $20.75 million (wraltechwire.com) LendingTree to buy credit-service provider (mpamag.com)
LendingTree opened at $271.05 on Wednesday, Marketbeat.com reports. The company has a market capitalization of $3.49 billion, a P/E ratio of 89.75, a price-to-earnings-growth ratio of 2.15 and a beta of 1.77. LendingTree has a 12-month low of $269.95 and a 12-month high of $278.10. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.73.
LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.02). The business had revenue of $181.00 million during the quarter, compared to the consensus estimate of $174.13 million. LendingTree had a net margin of 6.04% and a return on equity of 11.81%. The business’s revenue was up 36.6% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. analysts forecast that LendingTree will post 3.37 EPS for the current year.
LendingTree declared that its board has initiated a stock repurchase plan on Thursday, February 22nd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Several research firms recently weighed in on TREE. BidaskClub downgraded LendingTree from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 24th. Bank of America restated a “buy” rating and issued a $425.00 price target on shares of LendingTree in a research note on Tuesday, January 23rd. Northland Securities restated a “buy” rating and issued a $360.00 price target on shares of LendingTree in a research note on Friday, February 23rd. Royal Bank of Canada restated a “buy” rating and issued a $385.00 price target on shares of LendingTree in a research note on Friday, February 23rd. Finally, Zacks Investment Research upgraded LendingTree from a “sell” rating to a “buy” rating and set a $362.00 price target on the stock in a research note on Wednesday, April 25th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $339.57.
In related news, President Neil Salvage sold 3,702 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $357.16, for a total value of $1,322,206.32. Following the transaction, the president now directly owns 7,227 shares of the company’s stock, valued at approximately $2,581,195.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Horan sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $340.05, for a total value of $1,020,150.00. Following the completion of the transaction, the director now directly owns 10,500 shares in the company, valued at $3,570,525. The disclosure for this sale can be found here. Insiders sold a total of 200,087 shares of company stock worth $60,760,161 over the last ninety days. 21.90% of the stock is currently owned by insiders.
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.