LendingTree, Inc. (NASDAQ:TREE) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 172,298 shares of the financial services provider’s stock after selling 2,669 shares during the quarter. Federated Hermes Inc.’s holdings in LendingTree were worth $5,224,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TREE. Shenkman Capital Management Inc. purchased a new position in LendingTree in the 3rd quarter valued at about $1,860,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of LendingTree during the third quarter valued at approximately $1,031,000. Assenagon Asset Management S.A. lifted its position in shares of LendingTree by 26.5% in the third quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider’s stock valued at $2,943,000 after acquiring an additional 39,745 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of LendingTree by 21.2% in the third quarter. Acadian Asset Management LLC now owns 90,014 shares of the financial services provider’s stock worth $1,393,000 after acquiring an additional 15,765 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of LendingTree in the third quarter worth approximately $205,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

Wall Street Analysts Forecast Growth

TREE has been the topic of a number of research reports. Keefe, Bruyette & Woods upgraded LendingTree from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $24.00 to $45.00 in a report on Wednesday, February 28th. Susquehanna boosted their price target on shares of LendingTree from $15.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Truist Financial increased their price objective on shares of LendingTree from $24.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their target price on LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Finally, StockNews.com cut LendingTree from a “buy” rating to a “hold” rating in a report on Monday, March 25th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, LendingTree presently has an average rating of “Moderate Buy” and a consensus target price of $36.57.

LendingTree Stock Down 2.8 %

NASDAQ:TREE opened at $36.43 on Friday. The company’s 50-day moving average is $38.32 and its two-hundred day moving average is $28.54. LendingTree, Inc. has a 1-year low of $10.12 and a 1-year high of $44.51. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 4.23.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. The firm had revenue of $134.40 million for the quarter, compared to analysts’ expectations of $135.55 million. LendingTree had a negative return on equity of 4.22% and a negative net margin of 18.20%. During the same period in the prior year, the firm posted ($0.53) earnings per share. As a group, equities analysts anticipate that LendingTree, Inc. will post -0.36 earnings per share for the current fiscal year.

LendingTree Profile

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.