Analysts Set LendingTree, Inc. (NASDAQ:TREE) Price Target at $61.33

LendingTree, Inc. (NASDAQ:TREE) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $61.3333.

TREE has been the topic of several research analyst reports. Wall Street Zen raised shares of LendingTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Zacks Research downgraded shares of LendingTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Northland Securities set a $60.00 price objective on shares of LendingTree in a report on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of LendingTree in a research report on Wednesday, June 24th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of LendingTree from $70.00 to $58.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th.

LendingTree Price Performance

Shares of TREE opened at $26.05 on Friday. LendingTree has a 52-week low of $25.52 and a 52-week high of $73.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.85 and a current ratio of 1.85. The business’s 50 day moving average price is $32.41 and its two-hundred day moving average price is $38.12. The firm has a market cap of $365.74 million, a PE ratio of 2.02 and a beta of 2.05.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.73). The business had revenue of $313.42 million for the quarter, compared to the consensus estimate of $315.56 million. LendingTree had a return on equity of 14.57% and a net margin of 14.33%.LendingTree’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 earnings per share. On average, equities analysts anticipate that LendingTree will post 3.49 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in LendingTree by 572.0% during the second quarter. IFP Advisors Inc now owns 719 shares of the financial services provider’s stock worth $32,000 after buying an additional 612 shares during the last quarter. OP Asset Management Ltd bought a new position in LendingTree in the 1st quarter valued at about $34,000. Integrated Wealth Concepts LLC bought a new position in LendingTree in the 2nd quarter valued at about $42,000. Intellectus Partners LLC boosted its stake in LendingTree by 3.9% during the 4th quarter. Intellectus Partners LLC now owns 33,000 shares of the financial services provider’s stock valued at $1,752,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in LendingTree by 6.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 33,348 shares of the financial services provider’s stock valued at $1,770,000 after purchasing an additional 2,135 shares during the last quarter. Institutional investors own 68.26% of the company’s stock.

About LendingTree

LendingTree, Inc operates an online marketplace that helps consumers compare financial products and connect with banks, lenders, insurers and other service providers. The company generally acts as a marketing and comparison platform rather than as a direct lender, enabling users to review offers based on information they provide.

Its marketplace includes products such as mortgages and home equity financing, personal loans, auto loans, credit cards, small-business financing, insurance and deposit accounts.