Shares of LendingTree, Inc. (NASDAQ:TREE – Get Free Report) 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.
Check Out Our Latest Research Report on LendingTree
Institutional Trading of LendingTree
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 – Get Free Report) 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.
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