LendingTree (NASDAQ:TREE) PT Lowered to $160.00 at Susquehanna

LendingTree (NASDAQ:TREEGet Rating) had its price objective lowered by equities research analysts at Susquehanna from $180.00 to $160.00 in a research report issued to clients and investors on Friday, The Fly reports. Susquehanna’s price objective would suggest a potential upside of 98.07% from the company’s current price.

TREE has been the subject of several other reports. Truist Financial dropped their price objective on LendingTree from $275.00 to $250.00 in a report on Wednesday, January 26th. Northland Securities lowered their price target on LendingTree from $165.00 to $140.00 in a research note on Thursday, April 14th. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 price target on shares of LendingTree in a research note on Monday, March 28th. Susquehanna Bancshares lowered their price target on LendingTree from $310.00 to $265.00 in a research note on Thursday, February 3rd. Finally, StockNews.com began coverage on LendingTree in a research note on Thursday, March 31st. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $179.11.

LendingTree stock opened at $80.78 on Friday. The stock has a 50-day simple moving average of $105.37 and a 200 day simple moving average of $119.75. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.07. LendingTree has a 12-month low of $71.27 and a 12-month high of $228.81. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 16.09 and a beta of 1.60.

LendingTree (NASDAQ:TREEGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of ($1.02) by $1.48. The firm had revenue of $283.18 million during the quarter, compared to analysts’ expectations of $283.65 million. LendingTree had a negative return on equity of 2.22% and a net margin of 6.29%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 EPS. As a group, sell-side analysts anticipate that LendingTree will post -0.8 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Dark Forest Capital Management LP acquired a new position in LendingTree during the 3rd quarter worth approximately $1,060,000. Credit Suisse AG boosted its position in LendingTree by 19.8% during the 3rd quarter. Credit Suisse AG now owns 12,813 shares of the financial services provider’s stock worth $1,792,000 after acquiring an additional 2,115 shares during the last quarter. Twinbeech Capital LP acquired a new position in LendingTree during the 3rd quarter worth approximately $1,456,000. Teachers Retirement System of The State of Kentucky boosted its position in LendingTree by 208.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 3,300 shares of the financial services provider’s stock worth $405,000 after acquiring an additional 2,230 shares during the last quarter. Finally, Bristlecone Advisors LLC acquired a new stake in shares of LendingTree in the 4th quarter valued at approximately $473,000. 86.31% of the stock is owned by hedge funds and other institutional investors.

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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