Truist Financial Has Lowered Expectations for LendingTree (NASDAQ:TREE) Stock Price

LendingTree (NASDAQ:TREE – Get Free Report) had its target price cut by Truist Financial from $70.00 to $65.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Truist Financial‘s price objective suggests a potential upside of 67.54% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of LendingTree from $70.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of LendingTree in a research note on Monday, September 21st. Northland Securities set a $60.00 price objective on LendingTree in a report on Thursday, July 30th. Needham & Company LLC lowered their price objective on LendingTree from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Wall Street Zen lowered LendingTree from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.60.

Check Out Our Latest Research Report on TREE

LendingTree Price Performance

LendingTree stock traded up $9.93 during trading hours on Wednesday, reaching $38.80. 928,868 shares of the stock were exchanged, compared to its average volume of 350,241. The stock has a 50 day moving average of $26.38 and a two-hundred day moving average of $37.98. The company has a market cap of $544.70 million, a P/E ratio of 2.99 and a beta of 1.99. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.20. LendingTree has a twelve month low of $23.50 and a twelve month high of $68.93.

LendingTree (NASDAQ:TREE – Get Free Report) last issued its earnings results on Tuesday, November 3rd. The financial services provider reported ($5.15) earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($6.41). The company had revenue of $343.59 million during the quarter, compared to analyst estimates of $329.72 million. LendingTree had a net margin of 14.33% and a return on equity of 14.57%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 EPS. Equities analysts expect that LendingTree will post 3.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc lifted its position in shares of 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 acquiring an additional 612 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of LendingTree by 54.2% in the third quarter. Asset Management One Co. Ltd. now owns 1,743 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 613 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of LendingTree in the second quarter valued at $42,000. Public Employees Retirement System of Ohio raised its stake in shares of LendingTree by 123.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 4,227 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 2,336 shares during the period. Finally, Signaturefd LLC raised its stake in shares of LendingTree by 578.8% during the 3rd quarter. Signaturefd LLC now owns 2,790 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 2,379 shares during the period. Hedge funds and other institutional investors own 68.26% of the company’s stock.

Key Stories Impacting LendingTree

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LendingTree Company Profile

(Get Free Report)

LendingTree, Inc operates an online marketplace that helps consumers compare financial products and services from a network of lenders, insurers and other providers. Its platform is designed to connect shoppers with potential offers based on their financial needs and preferences.

The company’s marketplace includes products such as mortgages and other home loans, personal loans, business loans, auto loans, credit cards, insurance and deposit accounts. LendingTree also provides educational content, comparison tools and financial guidance intended to help consumers evaluate borrowing, insurance and saving options.

Founded in 1996 by Doug Lebda, LendingTree is headquartered in Charlotte, North Carolina, and primarily serves consumers in the United States.

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Analyst Recommendations for LendingTree (NASDAQ:TREE)

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