LendingTree, Inc. (NASDAQ:TREE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of LendingTree, Inc. (NASDAQ:TREE) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $58.13.

Several research firms have issued reports on TREE. Stephens raised their target price on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Oppenheimer lifted their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Northland Securities upped their price objective 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. Truist Financial lifted their target price on shares of LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a research note on Thursday.

LendingTree Stock Performance

NASDAQ TREE opened at $60.12 on Friday. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.82 and a current ratio of 1.82. The stock’s fifty day moving average is $55.72 and its two-hundred day moving average is $48.13. The firm has a market capitalization of $802.00 million, a P/E ratio of -6.14 and a beta of 2.12. LendingTree has a fifty-two week low of $10.12 and a fifty-two week high of $62.49.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hennessy Advisors Inc. acquired a new position in shares of LendingTree during the second quarter worth about $8,380,000. Acadian Asset Management LLC grew its holdings in LendingTree by 53.9% during the 1st quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock worth $10,868,000 after acquiring an additional 89,900 shares in the last quarter. Renaissance Technologies LLC increased 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 valued at $12,182,000 after purchasing an additional 58,500 shares during the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of LendingTree in the 2nd quarter valued at $1,360,000. Finally, Emerald Mutual Fund Advisers Trust lifted its position in shares of LendingTree by 9.3% during 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 purchasing an additional 23,995 shares during the last quarter. 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.