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

LendingTree, Inc. (NASDAQ:TREE) has received an average recommendation of “Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $64.13.

Several equities analysts have weighed in on TREE shares. Truist Financial dropped their target price on LendingTree from $72.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, May 5th. JPMorgan Chase & Co. lifted their price objective on shares of LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. Keefe, Bruyette & Woods cut their target price on shares of LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Wall Street Zen cut shares of LendingTree from a “buy” rating to a “hold” rating in a research report on Sunday, May 11th. Finally, Stephens restated an “overweight” rating and issued a $69.00 price target on shares of LendingTree in a research note on Thursday, March 6th.

LendingTree Stock Performance

NASDAQ:TREE opened at $35.16 on Monday. LendingTree has a fifty-two week low of $34.01 and a fifty-two week high of $62.49. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The company has a 50 day moving average price of $43.35 and a 200 day moving average price of $43.03. The stock has a market capitalization of $475.89 million, a P/E ratio of -13.02 and a beta of 1.76.

LendingTree (NASDAQ:TREE) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.74 by $0.25. The business had revenue of $239.70 million during the quarter, compared to analyst estimates of $244.93 million. LendingTree had a positive return on equity of 0.51% and a negative net margin of 4.72%. The firm’s quarterly revenue was up 42.8% on a year-over-year basis. Equities research analysts forecast that LendingTree will post 0.48 EPS for the current year.

Insider Activity

In other news, General Counsel Heather Enlow-Novitsky sold 1,250 shares of the business’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $36.24, for a total value of $45,300.00. Following the completion of the sale, the general counsel now directly owns 2,028 shares of the company’s stock, valued at approximately $73,494.72. The trade was a 38.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Scott Peyree purchased 9,794 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the purchase, the chief operating officer now directly owns 97,566 shares in the company, valued at $4,500,719.58. The trade was a 11.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 23.40% of the company’s stock.

Hedge Funds Weigh In On LendingTree

A number of hedge funds have recently modified their holdings of TREE. New Age Alpha Advisors LLC acquired a new stake in LendingTree during the 4th quarter worth $36,000. Tower Research Capital LLC TRC boosted its stake in shares of LendingTree by 248.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock worth $46,000 after buying an additional 848 shares during the period. Wealthfront Advisers LLC purchased a new position in shares of LendingTree during the fourth quarter worth about $54,000. CANADA LIFE ASSURANCE Co acquired a new position in LendingTree in the 4th quarter valued at about $56,000. Finally, KLP Kapitalforvaltning AS acquired a new position in LendingTree in the 4th quarter valued at about $70,000. 68.26% of the stock is currently owned by hedge funds and other 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.