LendingTree, Inc. (NASDAQ:TREE) Receives $49.43 Consensus PT from Analysts

LendingTree, Inc. (NASDAQ:TREE) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $49.43.

Several analysts have recently issued reports on TREE shares. Keefe, Bruyette & Woods increased their price target on shares of LendingTree from $45.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $56.00 price target on shares of LendingTree in a research report on Thursday, June 20th. Truist Financial reissued a “buy” rating and set a $55.00 price target (up previously from $37.00) on shares of LendingTree in a research report on Wednesday, May 1st. Finally, Stephens reaffirmed an “overweight” rating and issued a $55.00 target price on shares of LendingTree in a report on Thursday, June 20th.

LendingTree Trading Down 3.4 %

Shares of TREE stock opened at $52.25 on Friday. The company has a debt-to-equity ratio of 4.80, a current ratio of 3.71 and a quick ratio of 3.71. The firm has a market cap of $691.01 million, a PE ratio of -5.03 and a beta of 2.11. The company has a 50-day moving average of $43.81 and a two-hundred day moving average of $39.14. LendingTree has a 1-year low of $10.12 and a 1-year high of $55.87.

LendingTree (NASDAQ:TREE) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.36. The company had revenue of $167.80 million during the quarter, compared to analyst estimates of $164.03 million. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. On average, analysts predict that LendingTree will post -0.01 EPS for the current year.

Insider Activity at LendingTree

In other LendingTree news, General Counsel Heather Novitsky sold 2,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.08, for a total value of $98,160.00. Following the transaction, the general counsel now directly owns 564 shares in the company, valued at $27,681.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other LendingTree news, General Counsel Heather Novitsky sold 2,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.08, for a total value of $98,160.00. Following the transaction, the general counsel now directly owns 564 shares in the company, valued at $27,681.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Trent Ziegler sold 8,750 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.30, for a total transaction of $431,375.00. Following the completion of the transaction, the chief financial officer now owns 5 shares in the company, valued at $246.50. The disclosure for this sale can be found here. Insiders have sold a total of 13,802 shares of company stock valued at $673,219 over the last 90 days. 23.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LendingTree

Several hedge funds have recently added to or reduced their stakes in TREE. Shenkman Capital Management Inc. grew its position in shares of LendingTree by 186.2% during the fourth quarter. Shenkman Capital Management Inc. now owns 343,440 shares of the financial services provider’s stock worth $10,413,000 after acquiring an additional 223,440 shares during the last quarter. Blue Grotto Capital LLC purchased a new position in shares of LendingTree during the fourth quarter worth approximately $4,930,000. Acadian Asset Management LLC grew its position in shares of LendingTree by 53.9% during the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock worth $10,868,000 after acquiring an additional 89,900 shares during the last quarter. Kettle Hill Capital Management LLC purchased a new position in shares of LendingTree during the fourth quarter worth approximately $2,361,000. Finally, Alta Park Capital LP purchased a new position in shares of LendingTree during the fourth quarter worth approximately $2,297,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

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.