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

Shares of LendingTree, Inc. (NASDAQ:TREE) have been assigned an average rating 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 recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $58.13.

A number of research analysts recently commented on TREE shares. Truist Financial upped their price target on shares of LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com lowered LendingTree from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Needham & Company LLC boosted their price target on LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Oppenheimer upped their price objective on LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Finally, Susquehanna boosted their target price on shares of LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, July 26th.

Institutional Trading of LendingTree

Large investors have recently modified their holdings of the stock. Headlands Technologies LLC raised 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 purchasing an additional 270 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of LendingTree by 1.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock valued at $697,000 after buying an additional 295 shares in the last quarter. CWM LLC lifted its holdings in shares of LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 420 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of LendingTree by 5.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,885 shares of the financial services provider’s stock worth $1,435,000 after acquiring an additional 1,605 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in LendingTree by 8.9% in the fourth quarter. Hsbc Holdings PLC now owns 23,862 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 1,957 shares during the last quarter. 68.26% of the stock is owned by institutional investors and hedge funds.

LendingTree Stock Performance

TREE opened at $51.79 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 market cap of $690.88 million, a price-to-earnings ratio of -4.99 and a beta of 2.12. LendingTree has a 12-month low of $10.12 and a 12-month high of $62.27. The business has a 50 day moving average of $49.81 and a 200-day moving average of $44.14.

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

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.