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

Shares of LendingTree, Inc. (NASDAQ:TREE) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $58.13.

A number of brokerages recently issued reports on TREE. StockNews.com cut shares of LendingTree from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Northland Securities lifted their target price on shares of LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Truist Financial increased their price target on LendingTree from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC lifted their price objective on LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Oppenheimer increased their target price on LendingTree from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th.

LendingTree Price Performance

NASDAQ:TREE opened at $57.93 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 company has a 50-day moving average of $48.94 and a 200-day moving average of $43.87. LendingTree has a 52 week low of $10.12 and a 52 week high of $62.27. The company has a market capitalization of $772.79 million, a price-to-earnings ratio of -5.58 and a beta of 2.12.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates 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 company 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 earnings per share. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, equities research analysts anticipate that LendingTree will post -0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. CWM LLC lifted its stake in LendingTree by 230.8% in the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after buying an additional 420 shares during the period. Headlands Technologies LLC raised its position in shares of LendingTree by 16.8% in 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 during the period. Quest Partners LLC bought a new position in LendingTree during the 4th quarter worth approximately $103,000. Meeder Asset Management Inc. acquired a new position in LendingTree during the second quarter valued at approximately $139,000. Finally, Versor Investments LP acquired a new stake in LendingTree in the second quarter worth $204,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

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.