LendingTree (NASDAQ:TREE) Shares Pass Above 200-Day Moving Average – What’s Next?

LendingTree, Inc. (NASDAQ:TREE) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $57.62 and traded as high as $68.70. LendingTree shares last traded at $64.93, with a volume of 410,036 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wall Street Zen cut LendingTree from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. lifted their target price on LendingTree from $66.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Zacks Research lowered shares of LendingTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Needham & Company LLC raised their price objective on shares of LendingTree from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of LendingTree in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, LendingTree presently has an average rating of “Moderate Buy” and a consensus price target of $76.67.

LendingTree Trading Down 4.5%

The company’s fifty day moving average is $55.15 and its two-hundred day moving average is $57.62. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 2.93. The stock has a market cap of $887.59 million, a price-to-earnings ratio of 64.29 and a beta of 2.08.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.47. LendingTree had a net margin of 1.34% and a return on equity of 36.30%. The company had revenue of $290.62 million for the quarter, compared to the consensus estimate of $278.36 million. During the same period in the prior year, the firm posted $0.80 EPS. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, research analysts predict that LendingTree, Inc. will post 0.48 EPS for the current fiscal year.

Institutional Trading of LendingTree

A number of institutional investors have recently bought and sold shares of TREE. AlphaQuest LLC increased its holdings in shares of LendingTree by 11.4% in the 2nd quarter. AlphaQuest LLC now owns 2,212 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 227 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in LendingTree by 25.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,141 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 230 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in LendingTree by 1.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,899 shares of the financial services provider’s stock valued at $886,000 after purchasing an additional 301 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in LendingTree by 272.6% during the third quarter. Farther Finance Advisors LLC now owns 462 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 338 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of LendingTree by 10.5% during the 3rd quarter. New York State Common Retirement Fund now owns 4,590 shares of the financial services provider’s stock worth $297,000 after buying an additional 436 shares during the last quarter. 68.26% of the stock is owned by hedge funds and other institutional investors.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.