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

Shares of LendingTree, Inc. (NASDAQ:TREEGet Free Report) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $72.50.

TREE has been the subject of several research analyst reports. Wall Street Zen downgraded LendingTree from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th. Zacks Research downgraded LendingTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Weiss Ratings restated a “hold (c-)” rating on shares of LendingTree in a report on Monday, December 29th. Finally, Needham & Company LLC decreased their price target on shares of LendingTree from $85.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday.

Get Our Latest Analysis on LendingTree

Hedge Funds Weigh In On LendingTree

Several institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of LendingTree by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,598 shares of the financial services provider’s stock worth $1,188,000 after acquiring an additional 1,222 shares during the last quarter. AlphaQuest LLC grew its stake in LendingTree by 11.4% in the second quarter. AlphaQuest LLC now owns 2,212 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 227 shares in the last quarter. Acadian Asset Management LLC increased its position in LendingTree by 53.4% in the 2nd quarter. Acadian Asset Management LLC now owns 224,169 shares of the financial services provider’s stock worth $8,305,000 after purchasing an additional 78,012 shares during the last quarter. Geode Capital Management LLC increased its position in LendingTree by 7.3% in the 2nd quarter. Geode Capital Management LLC now owns 267,264 shares of the financial services provider’s stock worth $9,909,000 after purchasing an additional 18,207 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of LendingTree by 43.6% during the 2nd quarter. Cetera Investment Advisers now owns 16,039 shares of the financial services provider’s stock worth $595,000 after purchasing an additional 4,871 shares in the last quarter. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

LendingTree Price Performance

NASDAQ TREE opened at $46.75 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 2.93. LendingTree has a 1 year low of $32.65 and a 1 year high of $77.35. The company has a market cap of $639.07 million, a PE ratio of 4.36 and a beta of 2.21. The stock’s 50-day moving average price is $51.20 and its two-hundred day moving average price is $57.52.

LendingTree (NASDAQ:TREEGet Free Report) last released its quarterly earnings results on Monday, March 2nd. The financial services provider reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($1.29). LendingTree had a net margin of 13.55% and a return on equity of 16.88%. The firm had revenue of $310.92 million for the quarter, compared to analyst estimates of $286.56 million. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. On average, analysts predict that LendingTree will post 0.48 EPS for the current year.

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About LendingTree

(Get Free Report)

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.

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Analyst Recommendations for LendingTree (NASDAQ:TREE)

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