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LendingTree president sells 3,593 common shares » 17:2905/1205/12/20
In a regulatory filing,…
In a regulatory filing, LendingTree president Neil Salvage disclosed the sale of 3,593 common shares of the company on May 8 at a price of $241.23 per share.
LendingTree downgraded to Neutral on consumer demand pressure at Compass Point » 09:2705/0605/06/20
As previously reported,…
As previously reported, Compass Point analyst Chris Gamaitoni downgraded LendingTree to Neutral from Buy with a price target of $238, down from $340. He believes lower consumer loan demand will be persistent for the foreseeable future and in light of this view reduced his 2020-2022 estimates for LendingTree "significantly," the analyst tells investors. Management was "sober" about the near-term prospects of the consumer business, but he believes consumer revenue will be lower for longer than management believes, Gamaitoni tells investors.
LendingTree price target raised to $275 from $250 at Oppenheimer » 08:1505/0605/06/20
Oppenheimer analyst Jed…
Oppenheimer analyst Jed Kelly raised the firm's price target on LendingTree to $275 from $250 and keeps an Outperform rating on the shares. The analyst notes that the company guided Q2 revenue 21% below Street on a difficult Consumer and SMB lending backdrop. While visibility remains challenging, Homes and Insurance revenue trends are improving from late March, and Kelly expects LendingTree to generate fiscal year VMM growth in both segments. The analyst expects shares to remain volatile near-term and would recommend buying weakness versus chasing strength.
LendingTree price target lowered to $250 from $330 at Deutsche Bank » 07:5705/0605/06/20
Deutsche Bank analyst…
Deutsche Bank analyst Kunal Madhukar lowered the firm's price target on LendingTree to $250 from $330 and keeps a Hold rating on the shares saying the company is "not out of the woods yet." LendingTree has likely de-risked expectations somewhat by providing a worst-case scenario for Q2 and a conservative framework for the rest of the year, but the shares are likely to remain range-bound until there is improved visibility into growth, Madhukar tells investors in a research note.
LendingTree downgraded to Neutral from Buy at Compass Point » 05:1305/0605/06/20
Compass Point analyst…
Compass Point analyst Chris Gamaitoni downgraded LendingTree to Neutral from Buy with a $238 price target.
LendingTree price target raised to $265 from $250 at SunTrust » 15:1105/0505/05/20
SunTrust analyst Youssef…
SunTrust analyst Youssef Squali raised the firm's price target on LendingTree to $265 from $250 and keeps a Buy rating on the shares. The analyst said LendingTree's Q1 was "in line," and sees its Q2 guidance as "indicative of a tough but improving environment for Home and Insurance." Squali believes the company's highly variable cost structure should ensure the company remains profitable this year even under tough growth scenarios.
LendingTree sees Q2 revenue $160M-$175M, consensus $233.7M » 07:1705/0505/05/20
Sees Q2 variable…
Sees Q2 variable marketing margin $65M-$75M; adjusted EBITDA $12M-$18M. LendingTree is not able to provide a reconciliation of projected variable marketing. The company said, "We're pleased to be able to report Q1 adjusted EBITDA in line with our original guidance despite the adverse conditions that began to develop in early March. While we're uncertain as to the depth and length of economic recession, our balance sheet, liquidity position, and cash flow generation remain strong, and we're well-positioned to continue driving the business forward."
LendingTree reports Q1 adjusted EPS $1.20, consensus $1.08 » 07:1505/0505/05/20
Reports Q1 revenue…
Reports Q1 revenue $283.1M, consensus $287.04M.
LendingTree price target lowered to $310 from $380 at Susquehanna » 08:5605/0405/04/20
Susquehanna analyst Jamie…
Susquehanna analyst Jamie Friedman lowered the firm's price target on LendingTree to $310 from $380 and keeps a Positive rating on the shares. The analyst said after speaking with customers, peers, and the company everything seems mixed; which is less bad than feared. he said the company noted revenue trends only started deteriorating in the last few weeks of March, and the company was able to adjust accordingly and reduce marketing dollars to preserve EBITDA for Q1.
LendingTree invests $8M in Stash » 09:0804/2904/29/20
LendingTree has made an…
LendingTree has made an $8M strategic investment in Stash, a banking and investing service in the U.S. The investment from LendingTree is part of Stash's Series F funding, which includes funds and accounts advised by T. Rowe Price Associates, Inc. as well as Breyer Capital, Goodwater Capital, Greenspring Associates, Union Square Ventures, and other investors. Launched in 2015, Stash offers all-in-one subscriptions that offer personal investment accounts, Traditional and Roth IRAs, custodial investment accounts, banking services, checking accounts and debit cards.