LendingTree (NASDAQ:TREE) Price Target Increased to $56.00 by Analysts at Needham & Company LLC

LendingTree (NASDAQ:TREE) had its target price boosted by Needham & Company LLC from $40.00 to $56.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other brokerages also recently weighed in on TREE. Keefe, Bruyette & Woods raised LendingTree from a market perform rating to an outperform rating and raised their price objective for the company from $24.00 to $45.00 in a research report on Wednesday, February 28th. JPMorgan Chase & Co. raised their price objective on LendingTree from $25.00 to $38.00 and gave the company an overweight rating in a research report on Wednesday, February 28th. Oppenheimer raised their price objective on LendingTree from $25.00 to $45.00 and gave the company an outperform rating in a research report on Monday, January 8th. Susquehanna raised their price objective on LendingTree from $15.00 to $27.00 and gave the company a neutral rating in a research report on Wednesday, February 28th. Finally, Truist Financial raised their price objective on LendingTree from $24.00 to $37.00 and gave the company a buy rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $38.86.

LendingTree Stock Performance

Shares of LendingTree stock opened at $48.27 on Tuesday. The stock’s fifty day moving average is $38.66 and its two-hundred day moving average is $29.36. The company has a market capitalization of $629.44 million, a PE ratio of -5.12 and a beta of 2.19. 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 has a 52 week low of $10.12 and a 52 week high of $49.63.

LendingTree (NASDAQ:TREE) last issued its earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.14. LendingTree had a negative return on equity of 4.22% and a negative net margin of 18.20%. The business had revenue of $134.40 million during the quarter, compared to analysts’ expectations of $135.55 million. During the same period in the prior year, the business earned ($0.53) EPS. As a group, analysts expect that LendingTree will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On LendingTree

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in LendingTree by 78.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 1,321 shares in the last quarter. Quest Partners LLC purchased a new position in shares of LendingTree in the fourth quarter worth about $103,000. SG Americas Securities LLC raised its stake in shares of LendingTree by 109.9% in the third quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 5,276 shares during the last quarter. Olympiad Research LP raised its stake in shares of LendingTree by 36.4% in the third quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 3,336 shares during the last quarter. Finally, Bristlecone Advisors LLC purchased a new position in shares of LendingTree in the fourth quarter worth about $201,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

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.