Brokerages Set LendingTree, Inc. (NASDAQ:TREE) Price Target at $58.13

LendingTree, Inc. (NASDAQ:TREE) has earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $58.13.

TREE has been the subject of several analyst reports. Truist Financial raised their target price on shares of LendingTree from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Stephens raised their target price on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Oppenheimer raised their target price on shares of LendingTree from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Northland Securities raised their target price on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Finally, Susquehanna raised their target price on shares of LendingTree from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, July 26th.

LendingTree Stock Performance

Shares of NASDAQ:TREE opened at $53.74 on Friday. LendingTree has a 52 week low of $10.12 and a 52 week high of $62.49. The stock has a market capitalization of $710.71 million, a P/E ratio of -5.18 and a beta of 2.12. The firm has a fifty day simple moving average of $56.40 and a two-hundred day simple moving average of $48.49. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.21.

LendingTree (NASDAQ:TREE) last released its earnings results 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 firm had revenue of $210.10 million during the quarter, compared to the consensus estimate 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 was up 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. On average, analysts expect that LendingTree will post -0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Hennessy Advisors Inc. purchased a new position in shares of LendingTree in the 2nd quarter worth approximately $8,380,000. Acadian Asset Management LLC grew its position in shares of LendingTree by 53.9% in the 1st quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock worth $10,868,000 after buying an additional 89,900 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of LendingTree by 25.0% in the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock worth $12,182,000 after buying an additional 58,500 shares during the last quarter. ClariVest Asset Management LLC purchased a new position in shares of LendingTree in the 2nd quarter worth approximately $1,360,000. Finally, Emerald Mutual Fund Advisers Trust grew its position in shares of LendingTree by 9.3% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after buying an additional 23,995 shares during the last quarter. Hedge funds and other 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.