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

Shares of LendingTree, Inc. (NASDAQ:TREE) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $36.57.

Several research firms have recently issued reports on TREE. Needham & Company LLC upped their price objective on LendingTree from $17.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. StockNews.com downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a research note on Monday, March 25th. Keefe, Bruyette & Woods raised shares of LendingTree from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $24.00 to $45.00 in a research note on Wednesday, February 28th. Truist Financial raised their target price on LendingTree from $24.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Oppenheimer upped their price target on LendingTree from $25.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, January 8th.

Institutional Trading of LendingTree

A number of large investors have recently bought and sold shares of the business. Cornerstone Wealth Management LLC bought a new stake in shares of LendingTree during the 4th quarter valued at about $252,000. Acadian Asset Management LLC boosted its holdings in shares of LendingTree by 21.2% during the 3rd 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 in the last quarter. Assenagon Asset Management S.A. grew its position in shares of LendingTree by 26.5% during the 3rd 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. increased its stake in shares of LendingTree by 0.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 345,292 shares of the financial services provider’s stock valued at $5,352,000 after acquiring an additional 2,952 shares in the last quarter. Finally, Shenkman Capital Management Inc. acquired a new position in shares of LendingTree during the 3rd quarter valued at $1,860,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Stock Performance

NASDAQ TREE opened at $37.90 on Friday. The firm’s fifty day moving average price is $38.36 and its two-hundred day moving average price is $28.81. The stock has a market cap of $494.22 million, a PE ratio of -4.02 and a beta of 2.19. The company has a debt-to-equity ratio of 4.23, a quick ratio of 2.60 and a current ratio of 2.60. LendingTree has a fifty-two week low of $10.12 and a fifty-two week high of $44.51.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.14. LendingTree had a negative return on equity of 4.22% and a negative net margin of 18.20%. The company had revenue of $134.40 million for the quarter, compared to the consensus estimate of $135.55 million. During the same quarter last year, the business posted ($0.53) EPS. On average, equities analysts expect that LendingTree will post -0.36 EPS for the current fiscal year.

LendingTree Company Profile

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.