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

Shares of LendingTree, Inc. (NASDAQ:TREE – Get Rating) have been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $198.00.

A number of equities research analysts have recently commented on TREE shares. Oppenheimer restated an “outperform” rating and set a $190.00 target price on shares of LendingTree in a research report on Monday, March 28th. Truist Financial dropped their target price on LendingTree from $275.00 to $250.00 in a research report on Wednesday, January 26th. Needham & Company LLC dropped their target price on LendingTree from $175.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, February 28th. StockNews.com began coverage on LendingTree in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Susquehanna Bancshares decreased their price target on shares of LendingTree from $310.00 to $265.00 in a research note on Thursday, February 3rd.

A number of institutional investors have recently made changes to their positions in TREE. First Trust Advisors LP increased its position in LendingTree by 110.8% during the first quarter. First Trust Advisors LP now owns 14,351 shares of the financial services provider’s stock worth $5,045,000 after purchasing an additional 7,543 shares during the last quarter. Morgan Stanley increased its position in LendingTree by 185.3% during the second quarter. Morgan Stanley now owns 53,185 shares of the financial services provider’s stock worth $11,269,000 after purchasing an additional 34,543 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in LendingTree by 23.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 16,236 shares of the financial services provider’s stock worth $2,270,000 after purchasing an additional 3,129 shares during the last quarter. Texas Permanent School Fund increased its position in LendingTree by 2.9% during the third quarter. Texas Permanent School Fund now owns 8,471 shares of the financial services provider’s stock worth $1,184,000 after purchasing an additional 238 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in LendingTree by 71.1% during the third quarter. Vontobel Holding Ltd. now owns 2,413 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 1,003 shares during the last quarter. Hedge funds and other institutional investors own 84.95% of the company’s stock.

TREE traded up $3.93 during midday trading on Monday, hitting $92.92. 2,274 shares of the company were exchanged, compared to its average volume of 204,214. The company’s 50 day simple moving average is $109.96 and its 200 day simple moving average is $123.32. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 18.44 and a beta of 1.45. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 1.07. LendingTree has a 1-year low of $87.48 and a 1-year high of $250.00.

LendingTree (NASDAQ:TREE – Get Rating) last announced its quarterly earnings results on Friday, February 25th. The financial services provider reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($1.16) by ($0.07). The company had revenue of $258.30 million for the quarter, compared to analyst estimates of $258.25 million. LendingTree had a negative return on equity of 2.22% and a net margin of 6.29%. LendingTree’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.73) earnings per share. On average, equities analysts anticipate that LendingTree will post -0.8 EPS for the current year.

LendingTree Company Profile (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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