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

LendingTree, Inc. (NASDAQ:TREE) has been given a consensus rating of “Buy” by the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $64.13.

A number of research analysts recently weighed in on TREE shares. Stephens reissued an “overweight” rating and set a $69.00 target price on shares of LendingTree in a report on Thursday, March 6th. JPMorgan Chase & Co. boosted their target price on LendingTree from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. Truist Financial decreased their target price on LendingTree from $72.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, May 5th. Needham & Company LLC decreased their target price on LendingTree from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods decreased their target price on LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th.

LendingTree Stock Up 1.4%

NASDAQ:TREE opened at $36.28 on Friday. The firm has a market capitalization of $490.87 million, a price-to-earnings ratio of -8.78 and a beta of 1.61. LendingTree has a twelve month low of $33.50 and a twelve month high of $62.49. The stock’s 50 day moving average price is $39.22 and its two-hundred day moving average price is $42.14. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 3.74.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.25. The firm had revenue of $239.70 million for the quarter, compared to analyst estimates of $244.93 million. LendingTree had a positive return on equity of 14.76% and a negative net margin of 5.67%. The business’s revenue for the quarter was up 42.8% compared to the same quarter last year. Equities research analysts expect that LendingTree will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 1,250 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $36.24, for a total value of $45,300.00. Following the transaction, the general counsel now directly owns 2,028 shares of the company’s stock, valued at $73,494.72. This represents a 38.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 23.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TREE. New York State Common Retirement Fund grew its holdings in LendingTree by 75.0% in the 4th quarter. New York State Common Retirement Fund now owns 4,707 shares of the financial services provider’s stock valued at $182,000 after buying an additional 2,017 shares in the last quarter. Ieq Capital LLC bought a new stake in shares of LendingTree during the 4th quarter valued at $248,000. Proficio Capital Partners LLC bought a new stake in shares of LendingTree during the 4th quarter valued at $899,000. Versor Investments LP bought a new stake in shares of LendingTree during the 4th quarter valued at $298,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of LendingTree by 6.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 93,483 shares of the financial services provider’s stock valued at $3,622,000 after acquiring an additional 5,277 shares during the period. 68.26% of the stock is owned by institutional investors and hedge funds.

About LendingTree

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.