Loop Capital Initiates Coverage on Lendingtree Inc to Buy

Loop Capital Initiates Coverage on Lendingtree Inc(NASDAQ:TREE). The shares have been rated Buy. The rating by Loop Capital was issued on Aug 5, 2016.

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) shares turned negative on Wednesdays trading session with the shares closing down -2.66 points or -2.50% at a volume of 3,25,693. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $106.16. The peak price level was also seen at $106.16 while the days lowest was $101.73. Finally the shares closed at $103.58. The 52-week high of the shares is $139.5849 while the 52-week low is $52.11. According to the latest information available, the market cap of the company is $1,221 M.

Lendingtree Inc(TREE) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $94.29M. Analysts had an estimated revenue of $95.48M. Earnings per share were $0.92. Analysts had estimated an EPS of $0.72.

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 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.

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