LendingTree (TREE) Projected to Post Quarterly Earnings on Tuesday

LendingTree (NASDAQ:TREE - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $238.12 million for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

LendingTree Trading Down 4.2 %

Shares of NASDAQ TREE traded down $1.83 during midday trading on Friday, hitting $41.27. The stock had a trading volume of 182,901 shares, compared to its average volume of 212,126. The firm has a market cap of $551.37 million, a P/E ratio of -15.29 and a beta of 2.07. LendingTree has a fifty-two week low of $28.50 and a fifty-two week high of $62.49. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The company's 50-day simple moving average is $41.90 and its 200 day simple moving average is $48.14.

Insider Activity

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on TREE shares. Needham & Company LLC boosted their price objective on LendingTree from $67.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Northland Capmk upgraded shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. Susquehanna boosted their price target on shares of LendingTree from $50.00 to $58.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Northland Securities upgraded LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a report on Tuesday, January 21st. Finally, Truist Financial boosted their target price on LendingTree from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price 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.