LendingTree, Inc. (NASDAQ:TREE) Receives $58.13 Average Target Price from Analysts

Shares of LendingTree, Inc. (NASDAQ:TREE) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $58.13.

Several research analysts have issued reports on the company. StockNews.com cut LendingTree from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Stephens raised their target price on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Susquehanna raised their price objective on LendingTree from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Needham & Company LLC raised their price objective on LendingTree from $56.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Oppenheimer raised their price objective on LendingTree from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th.

Insider Activity at LendingTree

In related news, Director Steven Ozonian sold 1,610 shares of LendingTree stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $44.31, for a total transaction of $71,339.10. Following the sale, the director now owns 6,784 shares of the company’s stock, valued at approximately $300,599.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.40% of the stock is owned by corporate insiders.

Institutional Trading of LendingTree

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Shenkman Capital Management Inc. raised its stake in LendingTree by 186.2% during the 4th quarter. Shenkman Capital Management Inc. now owns 343,440 shares of the financial services provider’s stock valued at $10,413,000 after purchasing an additional 223,440 shares during the period. Alta Park Capital LP bought a new stake in LendingTree in the 4th quarter worth approximately $2,297,000. Susquehanna Fundamental Investments LLC increased its stake in LendingTree by 185.2% in the 1st quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock worth $840,000 after acquiring an additional 12,889 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in LendingTree by 697.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock worth $535,000 after acquiring an additional 11,049 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in LendingTree in the 4th quarter worth approximately $1,240,000. Institutional investors own 68.26% of the company’s stock.

LendingTree Trading Down 4.4 %

LendingTree stock opened at $43.15 on Tuesday. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82. LendingTree has a one year low of $10.12 and a one year high of $59.00. The stock has a market capitalization of $575.62 million, a PE ratio of -4.16 and a beta of 2.11. The business’s fifty day moving average is $45.42 and its 200 day moving average is $41.51.

LendingTree (NASDAQ:TREE) last announced its earnings results 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 during the quarter, compared to analysts’ expectations of $187.41 million. LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. On average, sell-side analysts predict that LendingTree will post -0.52 EPS for the current year.

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.