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

Shares of LendingTree, Inc. (NASDAQ:TREE) have earned an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $58.13.

TREE has been the topic of several research reports. StockNews.com cut LendingTree from a “buy” rating to a “hold” rating in a report on Thursday. Needham & Company LLC boosted their target price on LendingTree from $56.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Truist Financial increased their price target on LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Susquehanna boosted their price objective on LendingTree from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Finally, 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.

LendingTree Trading Up 0.4 %

Shares of TREE stock opened at $57.93 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.21. The stock has a 50-day simple moving average of $48.58 and a 200 day simple moving average of $43.60. LendingTree has a fifty-two week low of $10.12 and a fifty-two week high of $62.27. The stock has a market capitalization of $766.12 million, a P/E ratio of -5.58 and a beta of 2.11.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings data 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 business had revenue of $210.10 million for the quarter, compared to the consensus estimate of $187.41 million. During the same quarter last year, the business posted $0.43 EPS. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, sell-side analysts expect that LendingTree will post -0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LendingTree

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its position in LendingTree by 230.8% in the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 420 shares during the last quarter. Headlands Technologies LLC lifted its stake in LendingTree by 16.8% in the first 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 last quarter. Quest Partners LLC bought a new stake in LendingTree in the fourth quarter worth approximately $103,000. Meeder Asset Management Inc. acquired a new position in shares of LendingTree during the 2nd quarter worth $139,000. Finally, Versor Investments LP acquired a new stake in shares of LendingTree in the 2nd quarter valued at $204,000. 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.