LendingTree, Inc. (NASDAQ:TREE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of LendingTree, Inc. (NASDAQ:TREEGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $36.57.

A number of analysts have recently weighed in on TREE shares. Oppenheimer increased their price target on LendingTree from $25.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Needham & Company LLC raised their target price on LendingTree from $17.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods upgraded LendingTree from a “market perform” rating to an “outperform” rating and raised their target price for the company from $24.00 to $45.00 in a research report on Wednesday, February 28th. Susquehanna raised their target price on LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, JPMorgan Chase & Co. raised their target price on LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th.

Check Out Our Latest Stock Analysis on TREE

LendingTree Stock Down 4.8 %

Shares of LendingTree stock opened at $39.67 on Wednesday. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 4.23. The business’s 50 day simple moving average is $37.00 and its 200-day simple moving average is $26.01. The stock has a market capitalization of $517.30 million, a price-to-earnings ratio of -4.21 and a beta of 2.19. LendingTree has a twelve month low of $10.12 and a twelve month high of $44.51.

LendingTree (NASDAQ:TREEGet Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.14. The business had revenue of $134.40 million for the quarter, compared to analysts’ expectations of $135.55 million. LendingTree had a negative return on equity of 4.22% and a negative net margin of 18.20%. During the same period in the prior year, the firm earned ($0.53) EPS. Equities research analysts forecast that LendingTree will post -0.25 earnings per share for the current year.

Institutional Investors Weigh In On LendingTree

Several large investors have recently modified their holdings of TREE. Cornerstone Wealth Management LLC acquired a new stake in shares of LendingTree in the fourth quarter worth $252,000. Acadian Asset Management LLC boosted its position in shares of LendingTree by 21.2% in the third quarter. Acadian Asset Management LLC now owns 90,014 shares of the financial services provider’s stock worth $1,393,000 after buying an additional 15,765 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of LendingTree by 26.5% in the third quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider’s stock worth $2,943,000 after buying an additional 39,745 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of LendingTree by 0.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 345,292 shares of the financial services provider’s stock worth $5,352,000 after buying an additional 2,952 shares during the period. Finally, Shenkman Capital Management Inc. acquired a new stake in shares of LendingTree in the third quarter worth $1,860,000. 68.26% of the stock is owned by institutional investors.

LendingTree Company Profile

(Get Free Report

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.

Further Reading

Analyst Recommendations for LendingTree (NASDAQ:TREE)

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