LendingTree (NASDAQ:TREE) Price Target Cut to $140.00 by Analysts at Northland Securities

LendingTree (NASDAQ:TREEGet Rating) had its price target lowered by Northland Securities from $165.00 to $140.00 in a research report released on Thursday morning, The Fly reports.

A number of other research analysts also recently issued reports on TREE. Susquehanna reduced their price target on shares of LendingTree from $310.00 to $265.00 in a research report on Thursday, February 3rd. Susquehanna Bancshares dropped their price objective on shares of LendingTree from $310.00 to $265.00 in a report on Thursday, February 3rd. StockNews.com began coverage on shares of LendingTree in a report on Thursday, March 31st. They issued a hold rating on the stock. Needham & Company LLC lowered their target price on shares of LendingTree from $175.00 to $145.00 and set a buy rating on the stock in a research note on Monday, February 28th. Finally, Oppenheimer reissued an outperform rating and set a $190.00 target price on shares of LendingTree in a research note on Monday, March 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, LendingTree has an average rating of Buy and a consensus target price of $198.00.

TREE opened at $104.17 on Thursday. LendingTree has a twelve month low of $90.97 and a twelve month high of $250.00. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.07. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 20.75 and a beta of 1.45. The company has a fifty day simple moving average of $112.37 and a 200 day simple moving average of $125.11.

LendingTree (NASDAQ:TREEGet Rating) last posted its quarterly earnings data on Friday, February 25th. The financial services provider reported ($1.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.16) by ($0.07). LendingTree had a net margin of 6.29% and a negative return on equity of 2.22%. The company had revenue of $258.30 million for the quarter, compared to the consensus estimate of $258.25 million. During the same quarter last year, the company earned ($0.73) earnings per share. The company’s revenue was up 16.2% compared to the same quarter last year. On average, analysts forecast that LendingTree will post -0.8 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in TREE. BlackRock Inc. boosted its stake in shares of LendingTree by 62.8% in the 4th quarter. BlackRock Inc. now owns 2,114,327 shares of the financial services provider’s stock valued at $259,215,000 after purchasing an additional 815,531 shares in the last quarter. Geode Capital Management LLC lifted its position in LendingTree by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 199,267 shares of the financial services provider’s stock worth $27,863,000 after buying an additional 1,626 shares in the last quarter. Invesco Ltd. lifted its position in LendingTree by 1.8% during the 4th quarter. Invesco Ltd. now owns 187,258 shares of the financial services provider’s stock worth $22,958,000 after buying an additional 3,303 shares in the last quarter. Rubric Capital Management LP acquired a new position in LendingTree during the 4th quarter worth about $20,751,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of LendingTree by 44.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 162,152 shares of the financial services provider’s stock valued at $19,880,000 after acquiring an additional 50,248 shares during the last quarter. 84.95% of the stock is currently owned by institutional investors and hedge funds.

About LendingTree (Get Rating)

LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, 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, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.

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