LendingTree (NASDAQ:TREE) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

LendingTree (NASDAQ:TREE) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $66.00 to $83.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 29.69% from the stock’s previous close.

Several other research firms have also recently weighed in on TREE. Wall Street Zen cut LendingTree from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 25th. Keefe, Bruyette & Woods raised shares of LendingTree from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Zacks Research lowered shares of LendingTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Needham & Company LLC raised their target price on shares of LendingTree from $70.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of LendingTree in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $72.86.

LendingTree Stock Down 0.3%

Shares of TREE opened at $64.00 on Friday. The firm has a market capitalization of $871.68 million, a P/E ratio of -15.76 and a beta of 1.71. LendingTree has a 52 week low of $33.50 and a 52 week high of $77.35. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.22 and a current ratio of 1.22. The company has a 50-day simple moving average of $65.89 and a 200-day simple moving average of $51.04.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.47. The business had revenue of $307.80 million for the quarter, compared to analyst estimates of $278.36 million. LendingTree had a negative net margin of 5.33% and a positive return on equity of 25.79%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the business posted $0.80 earnings per share. LendingTree has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts expect that LendingTree will post 0.48 earnings per share for the current year.

Insider Buying and Selling

In other news, General Counsel Heather Enlow-Novitsky sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $69.14, for a total transaction of $69,140.00. Following the completion of the sale, the general counsel owned 1,028 shares in the company, valued at $71,075.92. The trade was a 49.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jason Bengel sold 6,469 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.86, for a total value of $445,455.34. Following the transaction, the chief financial officer owned 6,517 shares in the company, valued at approximately $448,760.62. This trade represents a 49.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 8,669 shares of company stock valued at $598,331. Company insiders own 23.10% of the company’s stock.

Institutional Investors Weigh In On LendingTree

A number of hedge funds and other institutional investors have recently modified their holdings of TREE. AlphaQuest LLC grew its position in LendingTree by 11.4% during the second quarter. AlphaQuest LLC now owns 2,212 shares of the financial services provider’s stock worth $82,000 after buying an additional 227 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of LendingTree by 25.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,141 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 230 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of LendingTree by 1.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,899 shares of the financial services provider’s stock worth $886,000 after purchasing an additional 301 shares during the period. Farther Finance Advisors LLC increased its position in shares of LendingTree by 272.6% in the third quarter. Farther Finance Advisors LLC now owns 462 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 338 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in LendingTree in the third quarter valued at about $35,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

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.