What Next for LendingTree, Inc. (TREE) After Forming Bullish Wedge Up Pattern?

LendingTree, Inc. (NASDAQ:TREE) Logo

Investors sentiment increased to 0.94 in Q4 2018. Its up 0.16, from 0.78 in 2018Q3. It improved, as 28 investors sold LendingTree, Inc. shares while 61 reduced holdings. 35 funds opened positions while 49 raised stakes. 11.11 million shares or 8.57% more from 10.23 million shares in 2018Q3 were reported.
Oppenheimer Asset Mngmt stated it has 14 shares or 0% of all its holdings. State Of New Jersey Common Pension Fund D owns 0.08% invested in LendingTree, Inc. (NASDAQ:TREE) for 80,000 shares. Moreover, Rhumbline Advisers has 0.01% invested in LendingTree, Inc. (NASDAQ:TREE). Pier Capital Llc stated it has 1.16% in LendingTree, Inc. (NASDAQ:TREE). Sumitomo Mitsui Asset Ltd reported 1.09% of its portfolio in LendingTree, Inc. (NASDAQ:TREE). Goldman Sachs Inc accumulated 0% or 40,342 shares. Macquarie Limited, Australia-based fund reported 422,873 shares. Diker Mgmt Limited invested in 19,905 shares or 1.89% of the stock. Ubs Asset Management Americas owns 5,912 shares. First Interstate National Bank & Trust invested 0% in LendingTree, Inc. (NASDAQ:TREE). Scout has invested 0.12% in LendingTree, Inc. (NASDAQ:TREE). Qs Investors Lc invested in 0% or 9 shares. Charles Schwab Investment Mngmt Incorporated invested in 0.01% or 44,230 shares. Ameritas Ptnrs Inc owns 0.03% invested in LendingTree, Inc. (NASDAQ:TREE) for 2,838 shares. Alps invested in 1,845 shares.

The stock of LendingTree, Inc. (TREE) formed an up wedge with $409.51 target or 5.00 % above today’s $390.01 share price. The 9 months wedge indicates low risk for the $5.02 billion company. If the $409.51 price target is reached, the company will be worth $251.15M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.04% or $0.15 during the last trading session, reaching $390.01. About 145,275 shares traded. LendingTree, Inc. (NASDAQ:TREE) has declined 9.42% since May 8, 2018 and is downtrending. It has underperformed by 13.79% the S&P500.

Analysts await LendingTree, Inc. (NASDAQ:TREE) to report earnings on July, 25. They expect $0.68 earnings per share, down 24.44 % or $0.22 from last year’s $0.9 per share. TREE’s profit will be $8.76M for 143.39 P/E if the $0.68 EPS becomes a reality. After $0.53 actual earnings per share reported by LendingTree, Inc. for the previous quarter, Wall Street now forecasts 28.30 % EPS growth.

LendingTree, Inc. (NASDAQ:TREE) Ratings Coverage

Among 4 analysts covering LendingTree (NASDAQ:TREE), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. LendingTree had 6 analyst reports since November 12, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, February 26 by SunTrust. The stock of LendingTree, Inc. (NASDAQ:TREE) has “Buy” rating given on Thursday, February 21 by Oppenheimer. The firm has “Hold” rating by UBS given on Thursday, February 28. The company was maintained on Wednesday, February 27 by Deutsche Bank. The stock has “Market Perform” rating by Northland Capital on Monday, November 12.

More notable recent LendingTree, Inc. (NASDAQ:TREE) news were published by: Nasdaq.com which released: “Starboard withdraws director nominations for Dollar Tree board – Nasdaq” on April 05, 2019, also Seekingalpha.com with their article: “LendingTree +5.8% after forecast boost – Seeking Alpha” published on April 26, 2019, Finance.Yahoo.com published: “Here’s What Hedge Funds Think About Stamps.com Inc. (STMP) – Yahoo Finance” on April 29, 2019. More interesting news about LendingTree, Inc. (NASDAQ:TREE) were released by: Nasdaq.com and their article: “4 Great Retail Stocks to Buy Ahead of Q1 Earnings – Nasdaq” published on May 08, 2019 as well as Nasdaq.com‘s news article titled: “Company News For Apr 9, 2019 – Nasdaq” with publication date: April 09, 2019.

LendingTree, Inc., through its subsidiary, LendingTree, LLC, operates an online loan marketplace for clients seeking loans and other credit offerings in the United States. The company has market cap of $5.02 billion. The firm offers tools and resources, including free credit scores that facilitate comparison shopping for these loans and other credit offerings. It has a 84.25 P/E ratio. The Company’s mortgage products comprise purchase and refinance products.

LendingTree, Inc. (NASDAQ:TREE) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.