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

LendingTree, Inc. (NASDAQ:TREE) has earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $58.13.

Several equities analysts recently issued reports on the company. Susquehanna boosted their price target on LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Truist Financial upped their price target on LendingTree from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Oppenheimer lifted their price objective on shares of LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Northland Securities upped their price objective on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Finally, Stephens lifted their target price on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, July 29th.

LendingTree Trading Up 1.0 %

TREE opened at $56.42 on Wednesday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.21. LendingTree has a 52 week low of $10.12 and a 52 week high of $62.27. The business’s 50 day moving average is $53.29 and its two-hundred day moving average is $46.28. The firm has a market cap of $752.64 million, a price-to-earnings ratio of -5.44 and a beta of 2.12.

LendingTree (NASDAQ:TREE) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.54 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 business had revenue of $210.10 million during the quarter, compared to analysts’ expectations of $187.41 million. During the same quarter last year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, research analysts predict that LendingTree will post -0.36 EPS for the current year.

Institutional Trading of LendingTree

Several hedge funds and other institutional investors have recently made changes to their positions in TREE. Alta Park Capital LP purchased a new position in LendingTree in the fourth quarter valued at about $2,297,000. Susquehanna Fundamental Investments LLC raised its holdings in LendingTree by 185.2% during the first quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 12,889 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in LendingTree by 697.5% during the first quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 11,049 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in LendingTree by 9.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock valued at $11,676,000 after purchasing an additional 23,995 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of LendingTree by 6.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock valued at $15,419,000 after buying an additional 22,581 shares in the last quarter. Institutional investors and hedge funds 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.