LendingTree, Inc. (NASDAQ:TREE) Given Average Rating of “Moderate Buy” by Brokerages

LendingTree, Inc. (NASDAQ:TREE) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $36.57.

Several research firms have recently commented on TREE. JPMorgan Chase & Co. raised their price objective on LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Truist Financial upped their price target on shares of LendingTree from $24.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Susquehanna raised their price objective on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Oppenheimer upped their target price on shares of LendingTree from $25.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Finally, Needham & Company LLC increased their price target on LendingTree from $17.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th.

Hedge Funds Weigh In On LendingTree

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in LendingTree by 78.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 1,321 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of LendingTree in the fourth quarter worth about $103,000. SG Americas Securities LLC lifted its position in shares of LendingTree by 109.9% in the third quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider’s stock worth $156,000 after buying an additional 5,276 shares in the last quarter. Olympiad Research LP boosted its stake in LendingTree by 36.4% during the third quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider’s stock valued at $194,000 after buying an additional 3,336 shares during the last quarter. Finally, Bristlecone Advisors LLC purchased a new position in LendingTree during the 4th quarter valued at approximately $201,000. Institutional investors own 68.26% of the company’s stock.

LendingTree Price Performance

Shares of NASDAQ:TREE opened at $37.90 on Friday. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 4.23. The stock has a market capitalization of $494.22 million, a PE ratio of -4.02 and a beta of 2.19. The firm’s 50 day moving average price is $38.36 and its 200-day moving average price is $28.81. LendingTree has a twelve month low of $10.12 and a twelve month high of $44.51.

LendingTree (NASDAQ:TREE) last released its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.14. LendingTree had a negative net margin of 18.20% and a negative return on equity of 4.22%. The business had revenue of $134.40 million for the quarter, compared to the consensus estimate of $135.55 million. During the same period last year, the firm earned ($0.53) earnings per share. Equities research analysts expect that LendingTree will post -0.36 EPS for the current year.

LendingTree Company 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.