LendingTree (NASDAQ:TREE) Price Target Raised to $55.00

LendingTree (NASDAQ:TREE) had its price target boosted by Oppenheimer from $45.00 to $55.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

TREE has been the topic of several other reports. Susquehanna upped their target price on shares of LendingTree from $15.00 to $27.00 and gave the stock a neutral rating in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods upgraded LendingTree from a market perform rating to an outperform rating and upped their price target for the stock from $24.00 to $45.00 in a report on Wednesday, February 28th. StockNews.com cut LendingTree from a buy rating to a hold rating in a report on Monday, March 25th. Needham & Company LLC boosted their target price on LendingTree from $40.00 to $56.00 and gave the stock a buy rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on LendingTree from $25.00 to $38.00 and gave the company an overweight rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $48.50.

LendingTree Stock Up 0.2 %

LendingTree stock opened at $49.41 on Wednesday. The stock’s 50 day moving average price is $39.52 and its 200 day moving average price is $29.88. LendingTree has a 1-year low of $10.12 and a 1-year high of $51.72. The company has a market cap of $653.45 million, a PE ratio of -4.76 and a beta of 2.10. The company has a debt-to-equity ratio of 4.80, a current ratio of 3.71 and a quick ratio of 2.60.

LendingTree (NASDAQ:TREE) last issued its earnings results on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.14 by $0.14. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. The company had revenue of $134.40 million for the quarter, compared to analyst estimates of $135.55 million. During the same period in the previous year, the firm earned ($0.53) EPS. On average, sell-side analysts predict that LendingTree will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On LendingTree

A number of institutional investors have recently made changes to their positions in TREE. Mirae Asset Global Investments Co. Ltd. increased its position 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 in the last quarter. Tower Research Capital LLC TRC raised its position in shares of 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 valued at $91,000 after buying an additional 1,321 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of LendingTree by 1.4% during the third quarter. Qube Research & Technologies Ltd now owns 116,481 shares of the financial services provider’s stock valued at $1,805,000 after buying an additional 1,568 shares during the period. Hsbc Holdings PLC boosted its position in LendingTree by 8.9% during the fourth quarter. Hsbc Holdings PLC now owns 23,862 shares of the financial services provider’s stock worth $729,000 after acquiring an additional 1,957 shares during the last quarter. Finally, Intellectus Partners LLC grew its stake in LendingTree by 14.6% in the 3rd quarter. Intellectus Partners LLC now owns 16,050 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 2,050 shares during the period. 68.26% of the stock is 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.