Keefe, Bruyette & Woods Raises LendingTree (NASDAQ:TREE) Price Target to $60.00

LendingTree (NASDAQ:TREE) had its price target upped by Keefe, Bruyette & Woods from $45.00 to $60.00 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the company. Needham & Company LLC increased their price target on LendingTree from $40.00 to $56.00 and gave the stock a buy rating in a report on Tuesday. Oppenheimer raised their price target on shares of LendingTree from $45.00 to $55.00 and gave the stock an outperform rating in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of LendingTree from $25.00 to $38.00 and gave the company an overweight rating in a report on Wednesday, February 28th. Susquehanna raised their target price on LendingTree from $15.00 to $27.00 and gave the company a neutral rating in a research note on Wednesday, February 28th. Finally, StockNews.com downgraded LendingTree from a buy rating to a hold rating in a research note on Monday, March 25th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, LendingTree has an average rating of Moderate Buy and a consensus price target of $48.50.

LendingTree Price Performance

TREE stock opened at $49.41 on Wednesday. The company has a quick ratio of 2.60, a current ratio of 3.71 and a debt-to-equity ratio of 4.80. The firm has a market cap of $653.45 million, a price-to-earnings ratio of -4.76 and a beta of 2.10. The company’s fifty day simple moving average is $39.52 and its 200 day simple moving average is $29.88. LendingTree has a 12-month low of $10.12 and a 12-month high of $51.72.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings data 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 positive return on equity of 1.34% and a negative net margin of 21.07%. The firm had revenue of $134.40 million during the quarter, compared to analyst estimates of $135.55 million. During the same period last year, the company posted ($0.53) EPS. On average, analysts expect that LendingTree will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TREE. Tower Research Capital LLC TRC lifted its position 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 valued at $91,000 after acquiring 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 approximately $103,000. SG Americas Securities LLC lifted its holdings 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 valued at $156,000 after purchasing an additional 5,276 shares in the last quarter. Olympiad Research LP boosted its position in shares of 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 shares of LendingTree during the fourth quarter valued at approximately $201,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

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.