Revenue Update on Lendingtree Inc(NASDAQ:TREE)

Lendingtree Inc(NASDAQ:TREE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $94.29M. Analysts estimated a revenue of $95.48M. Earnings per share were $0.92. Analysts had estimated an EPS of $0.72.

In a different note, Compass Point said it Initiates Coverage on Lendingtree Inc, according to a research note issued on Jun 2, 2016. The shares have been rated ‘Buy’ by the firm.

Lendingtree Inc (TREE) made into the market gainers list on Thursdays trading session with the shares advancing 4.09% or 4.19 points. Due to strong positive momentum, the stock ended at $106.57, which is also near the day’s high of $107.899. The stock began the session at $103.17 and the volume stood at 2,94,288 shares. The 52-week high of the shares is $139.5849 and the 52 week low is $52.11. The company has a current market capitalization of $1,256 M and it has 1,17,83,917 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Nikul Patel (Chief Operating Officer) sold 2,500 shares at $88.17 per share price.Also, On May 16, 2016, Douglas R Lebda (CEO) purchased 5,000 shares at $67.67 per share price.On May 13, 2016, Saras Sarasvathy (director) purchased 300 shares at $67.76 per share price, according to the Form-4 filing with the securities and exchange commission.

LendingTree Inc. (LendingTree) formerly 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.

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