LendingTree (NASDAQ:TREE) Stock Price Crosses Above 200-Day Moving Average of $28.25

LendingTree, Inc. (NASDAQ:TREE)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.25 and traded as high as $35.66. LendingTree shares last traded at $35.53, with a volume of 176,437 shares.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TREE. Keefe, Bruyette & Woods upgraded LendingTree from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $24.00 to $45.00 in a report on Wednesday, February 28th. StockNews.com cut LendingTree from a “buy” rating to a “hold” rating in a report on Monday, March 25th. Needham & Company LLC upped their price objective on LendingTree from $17.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Oppenheimer upped their price objective on LendingTree from $25.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Finally, JPMorgan Chase & Co. upped their price objective on LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, LendingTree presently has an average rating of “Moderate Buy” and a consensus price target of $36.57.

LendingTree Stock Performance

The company has a debt-to-equity ratio of 4.23, a quick ratio of 2.60 and a current ratio of 2.60. The business has a 50 day moving average price of $38.23 and a two-hundred day moving average price of $28.25. The company has a market cap of $463.31 million, a P/E ratio of -3.77 and a beta of 2.19.

LendingTree (NASDAQ:TREE) last released its earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. LendingTree had a negative return on equity of 4.22% and a negative net margin of 18.20%. The company had revenue of $134.40 million during the quarter, compared to analyst estimates of $135.55 million. During the same quarter in the previous year, the company posted ($0.53) EPS. On average, sell-side analysts anticipate that LendingTree, Inc. will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On LendingTree

A number of hedge funds and other institutional investors have recently modified their holdings of TREE. SG Americas Securities LLC raised its position in LendingTree by 109.9% during the 3rd quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 5,276 shares during the last quarter. Intellectus Partners LLC raised its position in LendingTree by 14.6% during the 3rd quarter. Intellectus Partners LLC now owns 16,050 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 2,050 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in LendingTree by 13.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,727 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 3,864 shares during the last quarter. Olympiad Research LP raised its position in LendingTree by 36.4% during the 3rd quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 3,336 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in LendingTree during the 3rd quarter valued at approximately $205,000. Institutional investors own 68.26% of the company’s stock.

About LendingTree

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.