LendingTree (TREE) Projected to Post Earnings on Wednesday

LendingTree (NASDAQ:TREE) will likely be releasing its earnings data after the market closes on Wednesday, March 5th. Analysts expect LendingTree to post earnings of $0.68 per share and revenue of $238.12 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

LendingTree Price Performance

Shares of LendingTree stock opened at $38.14 on Tuesday. LendingTree has a 52-week low of $33.58 and a 52-week high of $62.49. The stock has a market capitalization of $509.63 million, a price-to-earnings ratio of -14.13 and a beta of 2.07. The company has a fifty day moving average of $41.97 and a 200-day moving average of $47.91. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.

Insider Buying and Selling at LendingTree

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

Wall Street Analyst Weigh In

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

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.