LendingTree (NASDAQ:TREE) Stock Price Up 6.1%

LendingTree, Inc. (NASDAQ:TREE) shot up 6.1% during mid-day trading on Monday . The stock traded as high as $60.00 and last traded at $59.85. 83,372 shares were traded during trading, a decline of 64% from the average session volume of 231,865 shares. The stock had previously closed at $56.42.

Analysts Set New Price Targets

Several analysts recently weighed in on TREE shares. Stephens upped their price objective on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Truist Financial boosted their target price on shares of LendingTree from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Needham & Company LLC increased their price target on LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Northland Securities upped their target price on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Finally, Oppenheimer upped their price objective on LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.13.

LendingTree Stock Performance

The business has a fifty day moving average of $53.29 and a 200 day moving average of $46.31. The company has a market cap of $770.25 million, a P/E ratio of -5.65 and a beta of 2.12. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.21.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.19). LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%. The company had revenue of $210.10 million during the quarter, compared to analysts’ expectations of $187.41 million. During the same quarter last year, the business earned $0.43 earnings per share. The business’s quarterly revenue was up 15.1% on a year-over-year basis. On average, equities analysts predict that LendingTree, Inc. will post -0.36 EPS for the current year.

Institutional Investors Weigh In On LendingTree

Hedge funds have recently added to or reduced their stakes in the stock. CWM LLC grew its position in LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 420 shares during the last quarter. Headlands Technologies LLC boosted its holdings in LendingTree by 16.8% in the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 270 shares during the last quarter. Quest Partners LLC bought a new stake in LendingTree in the 2nd quarter worth approximately $132,000. Meeder Asset Management Inc. bought a new position in shares of LendingTree during the 2nd quarter valued at $139,000. Finally, Versor Investments LP purchased a new position in shares of LendingTree in the second quarter worth approximately $204,000. 68.26% of the stock is owned by institutional investors.

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.