LendingTree, Inc. (NASDAQ:TREE) Receives Average Rating of “Hold” from Analysts

LendingTree, Inc. (NASDAQ:TREEGet Rating) has received an average rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $161.89.

A number of equities research analysts have issued reports on the stock. Oppenheimer reiterated an “outperform” rating and issued a $190.00 target price on shares of LendingTree in a research report on Monday, March 28th. StockNews.com began coverage on LendingTree in a research report on Thursday, March 31st. They set a “hold” rating for the company. Truist Financial reduced their price objective on LendingTree from $240.00 to $185.00 in a research report on Friday, May 6th. Susquehanna Bancshares reduced their price objective on LendingTree from $180.00 to $160.00 in a research report on Friday, May 6th. Finally, Susquehanna lowered their price target on LendingTree from $180.00 to $160.00 in a research note on Friday, May 6th.

Shares of TREE stock traded down $1.62 on Friday, reaching $62.95. 173,634 shares of the company’s stock traded hands, compared to its average volume of 223,723. LendingTree has a 12-month low of $58.89 and a 12-month high of $228.81. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $803.62 million, a P/E ratio of 22.24 and a beta of 1.60. The business’s 50 day moving average price is $97.36 and its two-hundred day moving average price is $113.84.

LendingTree (NASDAQ:TREEGet Rating) last issued its earnings results on Thursday, May 5th. The financial services provider reported ($0.62) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.02) by $0.40. The company had revenue of $283.18 million for the quarter, compared to the consensus estimate of $283.65 million. LendingTree had a negative return on equity of 4.84% and a net margin of 3.54%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. Research analysts predict that LendingTree will post -2.21 earnings per share for the current year.

In other news, Director Mark A. Ernst acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was acquired at an average cost of $65.67 per share, with a total value of $656,700.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $656,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 16.70% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of TREE. BlackRock Inc. boosted its holdings in 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 during the period. Rubric Capital Management LP acquired a new stake in shares of LendingTree during the 4th quarter worth approximately $20,751,000. Point72 Asset Management L.P. acquired a new stake in shares of LendingTree during the 4th quarter worth approximately $18,807,000. HST Ventures LLC acquired a new stake in shares of LendingTree during the 4th quarter worth approximately $10,992,000. Finally, Norges Bank acquired a new stake in shares of LendingTree during the 4th quarter worth approximately $10,923,000. 86.31% of the stock is currently owned by 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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Analyst Recommendations for LendingTree (NASDAQ:TREE)

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