LendingTree, Inc. (NASDAQ:TREE) Receives $58.13 Consensus Price Target from Analysts

Shares of LendingTree, Inc. (NASDAQ:TREE) have been given an average recommendation of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $58.13.

TREE has been the subject of a number of research analyst reports. Truist Financial upped their price objective on shares of LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Northland Securities upped their price target on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Susquehanna lifted their price target on shares of LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Stephens upped their price objective on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Finally, StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a report on Friday, September 20th.

LendingTree Stock Up 1.0 %

Shares of NASDAQ TREE opened at $56.42 on Wednesday. The firm has a market cap of $752.64 million, a P/E ratio of -5.44 and a beta of 2.12. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.82 and a current ratio of 1.82. LendingTree has a 1 year low of $10.12 and a 1 year high of $62.27. The firm’s 50 day moving average price is $53.29 and its 200 day moving average price is $46.28.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.19). The business had revenue of $210.10 million for the quarter, compared to analyst estimates of $187.41 million. LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%. LendingTree’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 EPS. As a group, sell-side analysts anticipate that LendingTree will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TREE. Jacobs Levy Equity Management Inc. boosted its position in shares of LendingTree by 6.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock worth $15,419,000 after buying an additional 22,581 shares during the period. Emerald Advisers LLC grew its position in LendingTree by 0.7% in the second quarter. Emerald Advisers LLC now owns 345,892 shares of the financial services provider’s stock valued at $14,386,000 after acquiring an additional 2,247 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of LendingTree by 25.0% during the second quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock valued at $12,182,000 after purchasing an additional 58,500 shares during the period. Emerald Mutual Fund Advisers Trust lifted its position in shares of LendingTree by 9.3% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after purchasing an additional 23,995 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of LendingTree by 53.9% during the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock worth $10,868,000 after purchasing an additional 89,900 shares in the last quarter. 68.26% of the stock is 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.