LendingTree, Inc. (NASDAQ:TREE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of LendingTree, Inc. (NASDAQ:TREE) have received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $58.13.

A number of research analysts have recently weighed in on TREE shares. Oppenheimer lifted their price objective on LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Stephens lifted their target price on LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Truist Financial lifted their target price on LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Needham & Company LLC lifted their target price on LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Northland Securities lifted their target price on LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, July 26th.

LendingTree Stock Down 0.8 %

TREE stock opened at $57.57 on Wednesday. LendingTree has a twelve month low of $10.12 and a twelve month high of $62.27. 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 $761.36 million, a P/E ratio of -5.55 and a beta of 2.12. The business’s 50-day moving average price is $53.36 and its 200-day moving average price is $46.45.

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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $187.41 million. During the same period in the previous year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. On average, equities research analysts forecast that LendingTree will post -0.36 EPS for the current year.

Institutional Trading of LendingTree

A number of large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in LendingTree by 4.0% in the 2nd quarter. AQR Capital Management LLC now owns 71,120 shares of the financial services provider’s stock worth $2,898,000 after acquiring an additional 2,707 shares during the last quarter. Sei Investments Co. increased its stake in LendingTree by 124.6% in the 2nd quarter. Sei Investments Co. now owns 11,658 shares of the financial services provider’s stock worth $485,000 after acquiring an additional 6,467 shares during the last quarter. Renaissance Technologies LLC increased its stake in LendingTree by 25.0% in the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock worth $12,182,000 after acquiring an additional 58,500 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in LendingTree in the 2nd quarter worth approximately $139,000. Finally, American Century Companies Inc. increased its stake in LendingTree by 30.4% in the 2nd quarter. American Century Companies Inc. now owns 17,203 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 4,010 shares during the last quarter. Institutional investors own 68.26% of the company’s stock.

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.