Susquehanna Increases LendingTree (NASDAQ:TREE) Price Target to $50.00

LendingTree (NASDAQ:TREE) had its price objective increased by Susquehanna from $42.00 to $50.00 in a report released on Friday, Benzinga reports. Susquehanna currently has a neutral rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods lifted their price objective on LendingTree from $45.00 to $60.00 and gave the stock an outperform rating in a research note on Wednesday, May 1st. StockNews.com raised LendingTree from a hold rating to a buy rating in a research report on Thursday, May 2nd. Oppenheimer increased their price objective on LendingTree from $45.00 to $55.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. Stephens reaffirmed an overweight rating and set a $55.00 target price on shares of LendingTree in a research report on Thursday, June 20th. Finally, Truist Financial upped their target price on shares of LendingTree from $55.00 to $60.00 and gave the company a buy rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $56.88.

LendingTree Stock Down 5.8 %

Shares of LendingTree stock opened at $52.50 on Friday. LendingTree has a 12-month low of $10.12 and a 12-month high of $59.00. The company has a quick ratio of 3.71, a current ratio of 1.82 and a debt-to-equity ratio of 3.21. The stock has a 50 day moving average price of $44.91 and a two-hundred day moving average price of $40.49. The stock has a market capitalization of $694.58 million, a P/E ratio of -5.06 and a beta of 2.11.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.19). The firm had revenue of $210.10 million for the quarter, compared to the consensus estimate of $187.41 million. LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%. LendingTree’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. Equities analysts expect that LendingTree will post -0.01 earnings per share for the current year.

Insider Buying and Selling at LendingTree

In other news, Director Gabriel Dalporto sold 1,442 shares of LendingTree stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $50.17, for a total transaction of $72,345.14. Following the sale, the director now directly owns 4,478 shares in the company, valued at approximately $224,661.26. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Gabriel Dalporto sold 1,442 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $50.17, for a total value of $72,345.14. Following the completion of the transaction, the director now directly owns 4,478 shares of the company’s stock, valued at approximately $224,661.26. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Trent Ziegler sold 8,750 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.30, for a total value of $431,375.00. Following the completion of the sale, the chief financial officer now directly owns 5 shares in the company, valued at approximately $246.50. The disclosure for this sale can be found here. Insiders have sold 13,802 shares of company stock valued at $673,219 in the last 90 days. 23.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LendingTree

Several large investors have recently made changes to their positions in the company. CWM LLC boosted its position in LendingTree by 230.8% in the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after buying an additional 420 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of LendingTree by 16.8% during the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after buying an additional 270 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of LendingTree by 78.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 1,321 shares during the last quarter. Quest Partners LLC bought a new stake in LendingTree during the 4th quarter worth approximately $103,000. Finally, Bristlecone Advisors LLC acquired a new stake in LendingTree during the 4th quarter valued at $201,000. Institutional investors own 68.26% of the company’s stock.

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.