LendingTree (NASDAQ:TREE) Trading 6.1% Higher

LendingTree, Inc. (NASDAQ:TREE)’s stock price was up 6.1% during trading on Monday . The company traded as high as $60.00 and last traded at $59.85. Approximately 83,372 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 231,865 shares. The stock had previously closed at $56.42.

Wall Street Analyst Weigh In

Several research firms have weighed in on TREE. Needham & Company LLC raised their price target on LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. Oppenheimer raised their target price on shares of LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Susquehanna upped their price target on shares of LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a research note on Friday, September 20th. Finally, Stephens boosted their price objective on LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, LendingTree presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.13.

LendingTree Stock Up 2.3 %

The business’s 50 day moving average is $53.29 and its 200 day moving average is $46.31. 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 company has a market cap of $770.25 million, a P/E ratio of -5.65 and a beta of 2.12.

LendingTree (NASDAQ:TREE) last posted 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). 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 during the quarter, compared to analysts’ expectations of $187.41 million. During the same quarter last year, the firm earned $0.43 EPS. LendingTree’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, equities analysts anticipate that LendingTree, Inc. will post -0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LendingTree

Hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC boosted its holdings 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 purchasing an additional 270 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in LendingTree by 1.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock worth $697,000 after acquiring an additional 295 shares during the period. CWM LLC lifted its holdings in LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 420 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of LendingTree by 5.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,885 shares of the financial services provider’s stock valued at $1,435,000 after purchasing an additional 1,605 shares during the period. Finally, Los Angeles Capital Management LLC increased its stake in shares of LendingTree by 3.3% during the first quarter. Los Angeles Capital Management LLC now owns 66,314 shares of the financial services provider’s stock worth $2,808,000 after purchasing an additional 2,146 shares in the last quarter. 68.26% of the stock is owned by institutional investors and hedge funds.

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.