Truist Financial Raises LendingTree (NASDAQ:TREE) Price Target to $72.00

LendingTree (NASDAQ:TREE) had its target price upped by equities researchers at Truist Financial from $62.00 to $72.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target would indicate a potential upside of 16.09% from the stock’s previous close.

TREE has been the subject of a number of other reports. Weiss Ratings restated a “sell (d-)” rating on shares of LendingTree in a report on Wednesday, October 8th. Wall Street Zen raised LendingTree from a “buy” rating to a “strong-buy” rating in a research note on Sunday. JPMorgan Chase & Co. raised their price objective on LendingTree from $66.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Needham & Company LLC raised their price objective on LendingTree from $70.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Oppenheimer set a $85.00 price objective on LendingTree and gave the stock an “outperform” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.29.

LendingTree Trading Down 5.7%

LendingTree stock opened at $62.02 on Monday. The firm has a 50 day simple moving average of $65.67 and a 200-day simple moving average of $51.35. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $844.71 million, a PE ratio of -15.28 and a beta of 1.71. LendingTree has a 12-month low of $33.50 and a 12-month high of $77.35.

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

Insider Buying and Selling

In related news, CFO Jason Bengel sold 6,469 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.86, for a total transaction of $445,455.34. Following the completion of the sale, the chief financial officer directly owned 6,517 shares in the company, valued at approximately $448,760.62. This trade represents a 49.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Heather Enlow-Novitsky sold 1,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $69.14, for a total value of $69,140.00. Following the sale, the general counsel owned 1,028 shares of the company’s stock, valued at approximately $71,075.92. This represents a 49.31% decrease in their ownership of the stock. 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 Trading of LendingTree

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in shares of LendingTree by 1,747.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 546,536 shares of the financial services provider’s stock worth $20,260,000 after purchasing an additional 516,958 shares during the period. Blue Grotto Capital LLC increased its stake in LendingTree by 27.3% in the second quarter. Blue Grotto Capital LLC now owns 382,610 shares of the financial services provider’s stock valued at $14,183,000 after acquiring an additional 82,131 shares during the period. Emerald Advisers LLC increased its stake in LendingTree by 0.9% in the second quarter. Emerald Advisers LLC now owns 381,978 shares of the financial services provider’s stock valued at $14,160,000 after acquiring an additional 3,415 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in LendingTree by 4.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 357,641 shares of the financial services provider’s stock valued at $17,979,000 after acquiring an additional 14,644 shares during the period. Finally, G2 Investment Partners Management LLC increased its stake in LendingTree by 69.0% in the second quarter. G2 Investment Partners Management LLC now owns 305,573 shares of the financial services provider’s stock valued at $11,328,000 after acquiring an additional 124,806 shares during the period. 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.