LendingTree (NASDAQ:TREE) PT Raised to $55.00 at Oppenheimer

LendingTree (NASDAQ:TREE) had its price objective boosted by investment analysts at Oppenheimer from $45.00 to $55.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s price target indicates a potential upside of 11.49% from the company’s current price.

A number of other brokerages have also issued reports on TREE. Needham & Company LLC raised their target price on LendingTree from $40.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday. Truist Financial lifted their price objective on LendingTree from $24.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price objective on LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Susquehanna lifted their price objective on LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods upgraded LendingTree from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $24.00 to $45.00 in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.00.

LendingTree Stock Performance

Shares of TREE stock opened at $49.33 on Wednesday. The company has a debt-to-equity ratio of 4.80, a quick ratio of 2.60 and a current ratio of 3.71. The business has a fifty day moving average of $39.22 and a 200 day moving average of $29.62. LendingTree has a 1 year low of $10.12 and a 1 year high of $50.19.

LendingTree (NASDAQ:TREE) last issued its earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.14. The company had revenue of $134.40 million during the quarter, compared to analyst estimates of $135.55 million. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. During the same quarter last year, the business posted ($0.53) EPS. Equities research analysts anticipate that LendingTree will post -0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LendingTree

A number of institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its position in shares of LendingTree by 1.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,280 shares of the financial services provider’s stock valued at $979,000 after acquiring an additional 553 shares during the period. Tower Research Capital LLC TRC grew its position in shares of LendingTree by 78.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 1,321 shares during the period. Qube Research & Technologies Ltd grew its position in shares of LendingTree by 1.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 116,481 shares of the financial services provider’s stock valued at $1,805,000 after acquiring an additional 1,568 shares during the period. Hsbc Holdings PLC grew its position in shares of LendingTree by 8.9% during the 4th quarter. Hsbc Holdings PLC now owns 23,862 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 1,957 shares during the period. Finally, Intellectus Partners LLC grew its position in shares of LendingTree by 14.6% during the 3rd quarter. Intellectus Partners LLC now owns 16,050 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 2,050 shares during the period. 68.26% of the stock is currently owned by institutional investors and hedge funds.

About LendingTree

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.