LendingTree, Inc. (NASDAQ:TREE) Receives $36.57 Consensus Target Price from Analysts

LendingTree, Inc. (NASDAQ:TREE) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $36.57.

TREE has been the subject of several analyst reports. Truist Financial increased their price objective on shares of LendingTree from $24.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Needham & Company LLC raised their price objective on shares of LendingTree from $17.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. raised their price objective on shares of LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Susquehanna raised their price objective on shares of LendingTree from $15.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, StockNews.com downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a report on Monday, March 25th.

LendingTree Trading Up 1.3 %

TREE opened at $39.44 on Wednesday. The company has a debt-to-equity ratio of 4.23, a current ratio of 2.60 and a quick ratio of 2.60. LendingTree has a fifty-two week low of $10.12 and a fifty-two week high of $44.51. The firm has a market capitalization of $514.42 million, a PE ratio of -4.19 and a beta of 2.19. The company’s 50-day moving average is $37.37 and its 200 day moving average is $26.37.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.14 by $0.14. The firm had revenue of $134.40 million during the quarter, compared to analyst estimates of $135.55 million. LendingTree had a negative net margin of 18.20% and a negative return on equity of 4.22%. During the same quarter last year, the business posted ($0.53) EPS. As a group, research analysts predict that LendingTree will post -0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TREE. Captrust Financial Advisors raised its position in shares of LendingTree by 59.1% during the 2nd quarter. Captrust Financial Advisors now owns 719 shares of the financial services provider’s stock valued at $32,000 after buying an additional 267 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of LendingTree during the 1st quarter valued at $99,000. Public Employees Retirement System of Ohio raised its position in shares of LendingTree by 188.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,584 shares of the financial services provider’s stock valued at $48,000 after buying an additional 1,034 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of LendingTree by 183.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,674 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,084 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of LendingTree by 136.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,705 shares of the financial services provider’s stock valued at $36,000 after buying an additional 984 shares in the last quarter. 68.26% of the stock is owned by institutional investors.

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.