LendingTree (NASDAQ:TREE) Shares Gap Down to $41.69

LendingTree, Inc. (NASDAQ:TREEGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $41.69, but opened at $38.58. LendingTree shares last traded at $39.15, with a volume of 125,845 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TREE shares. JPMorgan Chase & Co. lifted their price objective on shares of LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Truist Financial boosted their price target on shares of LendingTree from $24.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Needham & Company LLC boosted their price target on shares of LendingTree from $17.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Susquehanna boosted their price objective on LendingTree from $15.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Oppenheimer boosted their price objective on LendingTree from $25.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.57.

View Our Latest Analysis on TREE

LendingTree Price Performance

The company has a 50 day moving average of $37.14 and a 200 day moving average of $26.12. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 4.23.

LendingTree (NASDAQ:TREEGet Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.14 by $0.14. The business had revenue of $134.40 million during 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 quarter in the previous year, the business posted ($0.53) EPS. As a group, equities analysts forecast that LendingTree, Inc. will post -0.25 earnings per share for the current year.

Institutional Investors Weigh In On LendingTree

Several large investors have recently made changes to their positions in TREE. Vanguard Group Inc. lifted its holdings in shares of LendingTree by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 785,263 shares of the financial services provider’s stock worth $23,809,000 after buying an additional 33,990 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of LendingTree by 188.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,584 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,034 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of LendingTree by 456.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 146,661 shares of the financial services provider’s stock worth $4,447,000 after buying an additional 120,296 shares during the last quarter. Blue Grotto Capital LLC acquired a new position in shares of LendingTree during the fourth quarter worth approximately $4,930,000. Finally, Brevan Howard Capital Management LP acquired a new position in shares of LendingTree in the fourth quarter valued at $522,000. Institutional investors own 68.26% of the company’s stock.

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

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