Lendingtree Inc (TREE) is Reiterated by Mizuho to Buy, Raises Price Target to $ 122

Lendingtree Inc (TREE) was Reiterated by Mizuho to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 122 from a previous price target of $102 . Mizuho advised their investors in a research report released on Nov 21, 2016.

Many Wall Street Analysts have commented on Lendingtree Inc. Company shares were Reiterated by Mizuho on Nov 21, 2016 to “Buy”, Firm has raised the Price Target to $ 122 from a previous price target of $102 .Company shares were Reiterated by RBC Capital Mkts on Nov 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 120 from a previous price target of $110 .Shares were Reiterated by Mizuho on Oct 28, 2016 to “Buy” and Lowered the Price Target to $ 102 from a previous price target of $116 .

On the company’s financial health, Lendingtree Inc reported $0.80 EPS for the quarter, based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus estimate of $0.80. The company had revenue of $94.60 million for the quarter, compared to analysts expectations of $96.86 million. The company’s revenue was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Lendingtree Inc opened for trading at $94.2 and hit $100.55 on the upside on Monday, eventually ending the session at $100, with a gain of 7.30% or 6.8 points. The heightened volatility saw the trading volume jump to 4,56,030 shares. Company has a market cap of $1,179 M.

In a different news, on Nov 21, 2016, Gabriel Dalporto (Chief Financial Officer) sold 8,425 shares at $97.58 per share price. According to the SEC, on Jun 9, 2016, Nikul Patel (Chief Operating Officer) sold 2,500 shares at $88.17 per share price. On May 16, 2016, Douglas R Lebda (CEO) purchased 5,000 shares at $67.67 per share price, according to the Form-4 filing with the securities and exchange commission.

LendingTree Inc. (LendingTree) formerly Tree.com Inc. is engaged in operating an online loan marketplace for consumers an array of loan types and other credit-based offerings. The Company offers consumers tools and resources including free credit scores which help them to comparison-shop for mortgage loans home equity loans and lines of credit reverse mortgages personal loans auto loans student loans credit cards small business loans and other related offerings. And upon submitting their relevant information to the Company through an inquiry form it seeks to match in-market consumers with multiple lenders on its marketplace. The Company operates in four segments: lending auto education and home services. It provides information and tools including free credit scores located on its various Websites. In addition the Company provides consumers with access to offers from multiple lenders.

Lendingtree Inc

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