Could LendingTree, Inc. (TREE) Recover After Forming a Wedge Up Pattern?

LendingTree, Inc. (NASDAQ:TREE) Logo

Investors sentiment increased to 0.94 in 2018 Q4. 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.
2,838 were reported by Ameritas Investment Prns. Vanguard, Pennsylvania-based fund reported 709,388 shares. 490 are owned by Amundi Pioneer Asset Management Incorporated. State Board Of Administration Of Florida Retirement System owns 4,081 shares. Louisiana State Employees Retirement Systems reported 2,000 shares. Price T Rowe Associates Md owns 0% invested in LendingTree, Inc. (NASDAQ:TREE) for 6,635 shares. G2 Invest Prns Limited Liability Corp has invested 3.01% in LendingTree, Inc. (NASDAQ:TREE). Axa has invested 0% of its portfolio in LendingTree, Inc. (NASDAQ:TREE). Connors Investor holds 9,835 shares or 0.34% of its portfolio. Jackson Square Prtn Ltd Llc stated it has 455,991 shares or 0.61% of all its holdings. Riverhead Lc has 0.01% invested in LendingTree, Inc. (NASDAQ:TREE). Macguire Cheswick And Tuttle Inv Counsel Ltd has invested 0.06% in LendingTree, Inc. (NASDAQ:TREE). Sumitomo Mitsui Tru Hldg Incorporated holds 0.15% in LendingTree, Inc. (NASDAQ:TREE) or 635,310 shares. Pdt Partners Ltd Liability Com owns 36,800 shares for 0.45% of their portfolio. Robeco Institutional Asset Mgmt Bv invested in 0.08% or 77,500 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 EPS, down 24.44 % or $0.22 from last year’s $0.9 per share. TREE’s profit will be $8.76 million for 143.39 P/E if the $0.68 EPS becomes a reality. After $0.53 actual EPS 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 stock of LendingTree, Inc. (NASDAQ:TREE) has “Hold” rating given on Tuesday, February 26 by SunTrust. UBS downgraded the shares of TREE in report on Thursday, February 28 to “Hold” rating. The firm earned “Market Perform” rating on Monday, November 12 by Northland Capital. Oppenheimer maintained the shares of TREE in report on Thursday, February 21 with “Buy” rating. The firm earned “Hold” rating on Wednesday, February 27 by Deutsche Bank.

More notable recent LendingTree, Inc. (NASDAQ:TREE) news were published by: Insurancenewsnet.com which released: “QuoteWizard Study Finds The Fittest And Fattest States In America – Insurance News Net” on May 07, 2019, also Nasdaq.com with their article: “Costco’s Stellar Comps Performance Likely to Propel Stock – Nasdaq” published on April 22, 2019, Prnewswire.com published: “81% of Parents Think Kids’ Extracurricular Activities May Lead to Income – PRNewswire” on April 24, 2019. More interesting news about LendingTree, Inc. (NASDAQ:TREE) were released by: Finance.Yahoo.com and their article: “Were Hedge Funds Right About Flocking Into LendingTree, Inc (TREE) ? – Yahoo Finance” published on April 29, 2019 as well as Nasdaq.com‘s news article titled: “Tree of Knowledge International Corp. Appoints Health Industry Innovator, Gary Prihar, CPA, CA, as President and Board Member – Nasdaq” with publication date: April 18, 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

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