LendingTree (TREE) Projected to Post Earnings on Wednesday

LendingTree (NASDAQ:TREE) is projected to issue its quarterly earnings data after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.68 per share and revenue of $238.12 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

LendingTree Stock Performance

TREE opened at $38.14 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The company has a market cap of $509.63 million, a price-to-earnings ratio of -14.13 and a beta of 2.07. The company’s 50 day moving average is $41.97 and its 200 day moving average is $47.91. LendingTree has a 12-month low of $33.58 and a 12-month high of $62.49.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TREE shares. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Northland Securities raised shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a report on Tuesday, January 21st. Finally, Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, LendingTree presently has a consensus rating of “Buy” and a consensus price target of $67.71.

Insider Activity

In related news, CEO Douglas R. Lebda acquired 13,000 shares of LendingTree stock in a transaction dated Friday, December 6th. The shares were purchased at an average price of $39.72 per share, for a total transaction of $516,360.00. Following the completion of the transaction, the chief executive officer now directly owns 121,599 shares in the company, valued at approximately $4,829,912.28. This represents a 11.97 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Scott V. Totman acquired 3,750 shares of LendingTree stock in a transaction dated Friday, December 6th. The shares were bought at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the transaction, the chief technology officer now owns 18,192 shares of the company’s stock, valued at approximately $702,029.28. The trade was a 25.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 23.40% of the company’s stock.

About LendingTree

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.