LendingTree (NASDAQ:TREE) Sets New 12-Month High at $52.37

LendingTree, Inc. (NASDAQ:TREE) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $52.37 and last traded at $52.37, with a volume of 37149 shares traded. The stock had previously closed at $49.41.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TREE. Susquehanna lifted their price objective on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Keefe, Bruyette & Woods boosted their price target on shares of LendingTree from $45.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Needham & Company LLC upped their price objective on LendingTree from $40.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. boosted their target price on LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Finally, Oppenheimer increased their price target on LendingTree from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.50.

LendingTree Trading Up 1.3 %

The stock has a market cap of $662.29 million, a price-to-earnings ratio of -5.07 and a beta of 2.10. The business’s 50 day moving average is $39.52 and its 200 day moving average is $30.13. The company has a debt-to-equity ratio of 4.80, a current ratio of 3.71 and a quick ratio of 3.71.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.14. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. 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 firm posted ($0.53) EPS. As a group, equities analysts expect that LendingTree, Inc. will post -0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LendingTree

Several hedge funds have recently added to or reduced their stakes in TREE. Cornerstone Wealth Management LLC purchased a new position in shares of LendingTree during the fourth quarter worth about $252,000. Acadian Asset Management LLC grew its position in shares of LendingTree by 21.2% during the third quarter. Acadian Asset Management LLC now owns 90,014 shares of the financial services provider’s stock worth $1,393,000 after acquiring an additional 15,765 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of LendingTree by 26.5% during the third quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider’s stock worth $2,943,000 after acquiring an additional 39,745 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of LendingTree by 0.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 345,292 shares of the financial services provider’s stock valued at $5,352,000 after acquiring an additional 2,952 shares during the period. Finally, Shenkman Capital Management Inc. purchased a new stake in LendingTree in the 3rd quarter valued at $1,860,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

LendingTree Company Profile

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.