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LendingTree, Inc. (TREE)

  • Mon, Nov. 2, 2:05 PM
    • LendingTree (NASDAQ:TREE) is selling 725K new shares, and another 125K on behalf of chairman/CEO Doug Lebda, through a public offering. Underwriters are expected to have a 127.5K-share overallotment option. (prospectus)
    • At current levels, the offering would yield LendingTree proceeds of $84M. Not counting the overallotment option, the sale stands to increase the company's share count by 6%. Lebda's stake will be lowered to 20.2% (2.66M shares) from 22.4%.
    | Mon, Nov. 2, 2:05 PM | Comment!
  • Mon, Oct. 26, 12:45 PM
    | Mon, Oct. 26, 12:45 PM | 1 Comment
  • Mon, Oct. 26, 9:15 AM
    | Mon, Oct. 26, 9:15 AM | Comment!
  • Mon, Oct. 26, 7:47 AM
    • Q3 revenue from mortgage products to $44.2M up 19% from Q2, up 38% Y/Y. Revenue from non-mortgage products of $25.6M up 43% and 175%, respectively. Non-mortgage made up 37% of total revenue vs. 23% a year ago.
    • Selling and Marketing expense of $48.9M up 33% Q/Q, and 80% Y/Y. Variable marketing margin as a percent of revenue of 35% vs. 39% and 40% respectively.
    • Net income from continuing operations of $7.4M up 16% Q/Q and 1,133% Y/Y. EPS of $0.59 vs. $0.52 and $0.05. Adjusted net income per share of $0.79 up 25% Q/Q and 93% Y/Y.
    • Full-year revenue is now expected at $244M-$247M, up 46-48% from 2014, and vs. previous guidance of $225M-$230M. Adjusted EBITDA is expected at $38.3M-$38.8M vs. previous guidance of $35M-$36M.
    • 2016 full-year revenue is expected to be $315M-$320M, with adjusted EBITDA of $50M-$52M.
    • Conference call at 8 ET
    • Source: Press release
    • TREE +13.3% premarket
    | Mon, Oct. 26, 7:47 AM | Comment!
  • Mon, Sep. 28, 3:00 PM
    • Plenty of high-beta tech names are getting clobbered as the Nasdaq posts a 3% drop amid a broad market selloff.
    • Firms down over 5% include memory giant Micron (MU -5.6%), salvage auction site Liquidity Services (LQDT -10.5%), industrial measurement toolmaker Perceptron (PRCP -12.1%), cloud healthcare software provider Castlight (CSLT -5.4%), CDN owner Limelight (LLNW -8.6%), mortgage origination software firm Ellie Mae (ELLI -6.1%), ultracapacitor maker Maxwell (MXWL -8.5%), Korean analog/mixed-signal chipmaker MagnaChip (MX -9.3%), online loan marketplace LendingTree (TREE -7.9%), and online ad retargeting firm Criteo (CRTO -5.9%).
    • Micron's decline comes ahead of its Thursday FQ4 report. Nomura predicted today FQ4 results will miss consensus, and that FQ1 will also be weak. "While an estimate cut is well understood, we believe Micron’s stock will continue to track DRAM/NAND pricing, which is trending lower into the peak of the build season.” Cowen, on the other hand, argued FQ4 will be the bottom, and stated checks point to Samsung "pulling back meaningfully on capex."
    • See also: Solar stocks, GoPro, Mindbody, Qorvo
    | Mon, Sep. 28, 3:00 PM | Comment!
  • Thu, Sep. 24, 12:40 PM
    | Thu, Sep. 24, 12:40 PM | Comment!
  • Tue, Aug. 4, 12:45 PM
    | Tue, Aug. 4, 12:45 PM | Comment!
  • Tue, Aug. 4, 10:38 AM
    • Q2 adjusted net income of $7.8M or $0.63 per share vs. $4.6M and $0.39 one year ago.
    • Mortgage products revenue of $37.2M up 7% Y/Y. Non-mortgage products revenue of $17.9M up 139% - includes personal loans of $11.6M up nearly 4x Y/Y and 46% from Q1. Non-mortgage revenue now accounts for 32% of all revenue, up from 27% last quarter, and 18% a year ago.
    • Variable marketing margin of $21.4M up 35% Y/Y; as a percent of revenue of 39% vs. 38% a year ago.
    • Full-year revenue guidance of $225M-$230M up from previous guidance of $202M-$208M. Variable marketing margin up $86M-$89M up from $78M-$82M. Adjusted EBITDA of $35M-$36M up from $30M-$31M.
    • Previously: LendingTree beats by $0.19, beats on revenue (Aug. 3)
    • TREE +38%
    | Tue, Aug. 4, 10:38 AM | Comment!
  • Tue, Jul. 7, 5:58 PM
    • LendingTree (NASDAQ:TREE) will replace Meadowbrook Insurance (about to be acquired) in the S&P SmallCap 600 after Thursday's close.
    • Shares have risen to $79.01 AH. The all-time high (set last Wednesday) is $79.08.
    • Two weeks ago: Needham hikes LendingTree target to $84
    | Tue, Jul. 7, 5:58 PM | Comment!
  • Tue, Jul. 7, 5:36 PM
    | Tue, Jul. 7, 5:36 PM | 19 Comments
  • Thu, Jun. 25, 12:26 PM
    • Needham's Kerry Rice, hiking her LendingTree (NASDAQ:TREE) target by $14 to $84 and reiterating a Buy. "Lending Tree is evolving into a financial products marketplace that provides consumers with tools and the ability to comparison shop in order to save money and provides lenders with consistent consumer volume."
    • Rice expects LendingTree's core personal loans services to act as its main growth engine, and thinks newer service offerings could drive upside. ""We believe Tree's new products, scale, and technology innovations should lift conversions across its financial product categories."
    • Shares have made new 52-week highs, and are now up 226% from a May 2014 low of $22.94.
    | Thu, Jun. 25, 12:26 PM | Comment!
  • Wed, Mar. 11, 3:08 PM
    • A day after equity markets tumbled (with many high-beta names especially hard-hit), major tech gainers are outnumbering major decliners, though the Nasdaq is nearly flat.
    • Today's notable tech gainers include RF backhaul hardware vendors DragonWave (DRWI +15.6%) and Aviat (AVNW +8%), LED lighting provider Revolution Lighting (RVLT +5.4%) online textbook rental/learning services provider Chegg (CHGG +3.8%), auto site TrueCar (TRUE +5.3%), loan-shopping site owner Lendingtree (TREE +6.9%), telecom equipment vendor Calix (CALX +2.7%), TV/set-top SoC provider Sigma Designs (SIGM +4.9%), and VoIP hardware/software provider Mitel (MITL +3.8%).
    • Notable decliners include supercomputer maker SGI (SGI -2.9%), 3D printing software vendor Materialise (MTLS -5.5%), security hardware/software provider KEYW Holding (KEYW -2.9%), and Chinese online game developer Changyou (CYOU -2.9%).
    • DragonWave and Aviat are reversing yesterday's big losses. Materialise is making fresh 52-week lows a week after posting mixed Q4 results; KEYW is also seeing new 52-week lows. Revolution's gains continue a volatile post-earnings ride: Shares soared last week after the company posted its Q4 results, but gradually gave back their gains.
    • Previously covered: SanDisk, Intel, EMC, SunEdison, Resonant, Immersion, Logitech, VeriFone, Mobileye, Dangdang, InvenSense
    | Wed, Mar. 11, 3:08 PM | Comment!
  • May 8, 2014, 10:43 AM
    •'s (TREE +4.2%) new buyback is good for repurchasing 3.6% of shares at current levels.
    • The company has $89.5M in cash/equivalents to repurchase shares with. $800K remains on a prior $10M buyback.
    | May 8, 2014, 10:43 AM | Comment!
  • Aug. 14, 2013, 12:45 PM
    | Aug. 14, 2013, 12:45 PM | Comment!
  • Mar. 13, 2013, 9:06 AM (TREE): Q4 EPS of $0.17. Revenue of $23.9M. Shares +4% AH. (PR)
    | Mar. 13, 2013, 9:06 AM | Comment!
  • Dec. 6, 2012, 5:23 PM (TREE) declares special dividend of $1.00/share. For shareholders of record Dec. 17. Payable Dec. 26. Ex-div date Dec. 13. Shares +3.9% AH. (PR)
    | Dec. 6, 2012, 5:23 PM | Comment!
Company Description
LendingTree Inc is an online lender exchange that connects consumers with lenders, and provides online tools to aid consumers in their financial divisions. It provides services such as mortgages, refinance loans, home equity loans, and among others.
Sector: Financial
Country: United States