LendingTree (TREE) Projected to Post Earnings on Wednesday

LendingTree (NASDAQ:TREE) is projected to release 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

LendingTree Price Performance

TREE stock opened at $41.10 on Wednesday. The firm has a 50 day moving average of $41.92 and a 200-day moving average of $48.11. LendingTree has a 12-month low of $28.50 and a 12-month high of $62.49. 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 $549.18 million, a price-to-earnings ratio of -15.22 and a beta of 2.07.

Insiders Place Their Bets

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

Analyst Ratings Changes

TREE has been the subject of several research reports. Truist Financial lifted their price objective on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Tuesday, January 21st. Needham & Company LLC lifted their price objective on LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Oppenheimer lifted their price objective on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, LendingTree currently has a consensus rating of “Buy” and an average price target of $64.00.

LendingTree Company Profile

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.