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

LendingTree, Inc. (NASDAQ:TREE) has been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $76.6667.

A number of analysts have recently weighed in on TREE shares. Truist Financial increased their price target on LendingTree from $62.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. increased their target price on LendingTree from $66.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Zacks Research cut LendingTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Weiss Ratings restated a “hold (c-)” rating on shares of LendingTree in a research report on Monday, December 29th. Finally, Oppenheimer set a $85.00 price objective on shares of LendingTree and gave the stock an “outperform” rating in a report on Friday, October 31st.

LendingTree Price Performance

TREE opened at $47.46 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 2.93. The company’s 50-day moving average price is $56.20 and its 200 day moving average price is $58.93. LendingTree has a fifty-two week low of $33.50 and a fifty-two week high of $77.35. The firm has a market cap of $648.78 million, a price-to-earnings ratio of 46.99 and a beta of 2.13.

Hedge Funds Weigh In On LendingTree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TREE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in LendingTree by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,598 shares of the financial services provider’s stock valued at $1,188,000 after acquiring an additional 1,222 shares in the last quarter. Nordea Investment Management AB acquired a new position in shares of LendingTree during the second quarter valued at $882,000. Asset Management One Co. Ltd. raised its stake in shares of LendingTree by 61.3% during the second quarter. Asset Management One Co. Ltd. now owns 3,317 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 1,261 shares in the last quarter. AlphaQuest LLC lifted its holdings in LendingTree by 11.4% in the second quarter. AlphaQuest LLC now owns 2,212 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 227 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in LendingTree in the second quarter worth about $3,254,000. 68.26% of the stock is owned by institutional investors.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.