Susquehanna Raises LendingTree (NASDAQ:TREE) Price Target to $50.00

LendingTree (NASDAQ:TREE) had its target price increased by Susquehanna from $42.00 to $50.00 in a report released on Friday, Benzinga reports. Susquehanna currently has a neutral rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the company. Stephens restated an overweight rating and set a $55.00 price objective on shares of LendingTree in a research note on Thursday, June 20th. Keefe, Bruyette & Woods increased their target price on LendingTree from $45.00 to $60.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. Truist Financial increased their target price on LendingTree from $55.00 to $60.00 and gave the stock a buy rating in a report on Friday. Oppenheimer increased their target price on LendingTree from $45.00 to $55.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. Finally, Needham & Company LLC increased their target price on LendingTree from $56.00 to $67.00 and gave the stock a buy rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $55.63.

LendingTree Stock Performance

Shares of NASDAQ TREE opened at $55.72 on Friday. LendingTree has a fifty-two week low of $10.12 and a fifty-two week high of $59.00. The business has a 50 day moving average price of $44.77 and a two-hundred day moving average price of $40.22. The company has a debt-to-equity ratio of 4.80, a quick ratio of 3.71 and a current ratio of 3.71.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.36. LendingTree had a negative return on equity of 3.15% and a negative net margin of 19.02%. The firm had revenue of $167.80 million during the quarter, compared to analyst estimates of $164.03 million. Sell-side analysts predict that LendingTree will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Gabriel Dalporto sold 1,442 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $50.17, for a total value of $72,345.14. Following the sale, the director now owns 4,478 shares of the company’s stock, valued at approximately $224,661.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Gabriel Dalporto sold 1,442 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $50.17, for a total value of $72,345.14. Following the sale, the director now owns 4,478 shares of the company’s stock, valued at approximately $224,661.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Heather Novitsky sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $49.08, for a total value of $98,160.00. Following the completion of the sale, the general counsel now directly owns 564 shares in the company, valued at approximately $27,681.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,802 shares of company stock valued at $673,219. Insiders own 23.40% of the company’s stock.

Institutional Trading of LendingTree

Several hedge funds have recently added to or reduced their stakes in TREE. CWM LLC raised its stake in LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 420 shares in the last quarter. Headlands Technologies LLC raised its stake in LendingTree by 16.8% during the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 270 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in 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 in the last quarter. Quest Partners LLC bought a new stake in LendingTree during the 4th quarter valued at $103,000. Finally, Bristlecone Advisors LLC bought a new stake in LendingTree during the 4th quarter valued at $201,000. Institutional investors 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.