LendingTree, Inc. (NASDAQ:TREE) Receives $36.57 Average PT from Analysts

Shares of LendingTree, Inc. (NASDAQ:TREE) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $38.86.

A number of brokerages recently issued reports on TREE. Susquehanna lifted their price target on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Needham & Company LLC raised their price objective on shares of LendingTree from $40.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday. Truist Financial raised their price objective on shares of LendingTree from $24.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods upgraded shares of LendingTree from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $24.00 to $45.00 in a research note on Wednesday, February 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th.

LendingTree Price Performance

Shares of NASDAQ:TREE opened at $48.27 on Friday. The company’s fifty day moving average price is $38.66 and its 200-day moving average price is $29.36. The firm has a market capitalization of $629.44 million, a price-to-earnings ratio of -5.12 and a beta of 2.19. LendingTree has a one year low of $10.12 and a one year high of $49.63. The company has a debt-to-equity ratio of 4.23, a current ratio of 2.60 and a quick ratio of 2.60.

LendingTree (NASDAQ:TREE) last released its 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 company had revenue of $134.40 million for the quarter, compared to analyst estimates of $135.55 million. LendingTree had a negative net margin of 18.20% and a negative return on equity of 4.22%. During the same quarter last year, the firm earned ($0.53) EPS. On average, equities research analysts anticipate that LendingTree will post -0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LendingTree

Several institutional investors have recently made changes to their positions in TREE. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 worth $979,000 after purchasing an additional 553 shares during the last quarter. Tower Research Capital LLC TRC boosted 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 last quarter. Qube Research & Technologies Ltd boosted 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 last quarter. Hsbc Holdings PLC boosted 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 last quarter. Finally, Intellectus Partners LLC boosted 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 last quarter. 68.26% of the stock is owned by hedge funds and other institutional investors.

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.