LendingTree, Inc. (NASDAQ:TREE) Receives $68.60 Consensus Target Price from Analysts

LendingTree, Inc. (NASDAQ:TREE) has earned an average recommendation of “Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $68.60.

A number of equities analysts recently weighed in on TREE shares. Keefe, Bruyette & Woods lowered their price objective on shares of LendingTree from $83.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Wall Street Zen lowered shares of LendingTree from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. Truist Financial set a $78.00 target price on shares of LendingTree in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. initiated coverage on shares of LendingTree in a report on Tuesday, April 14th. They set an “overweight” rating and a $50.00 target price on the stock.

Institutional Investors Weigh In On LendingTree

A number of hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of LendingTree by 1.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,899 shares of the financial services provider’s stock valued at $886,000 after purchasing an additional 301 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of LendingTree by 10.5% in the 3rd quarter. New York State Common Retirement Fund now owns 4,590 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 436 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of LendingTree in the 4th quarter valued at $25,000. Swiss National Bank raised its holdings in shares of LendingTree by 2.2% in the 4th quarter. Swiss National Bank now owns 22,800 shares of the financial services provider’s stock valued at $1,210,000 after purchasing an additional 500 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC raised its holdings in shares of LendingTree by 0.6% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 91,119 shares of the financial services provider’s stock valued at $5,898,000 after purchasing an additional 501 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Stock Performance

NASDAQ:TREE opened at $36.42 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a market capitalization of $508.06 million, a P/E ratio of 2.83 and a beta of 2.14. The company has a 50 day moving average price of $42.09 and a 200 day moving average price of $48.37. LendingTree has a fifty-two week low of $32.65 and a fifty-two week high of $77.35.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.11). The company had revenue of $319.07 million for the quarter, compared to analysts’ expectations of $321.33 million. LendingTree had a return on equity of 17.01% and a net margin of 15.02%.The business’s revenue for the quarter was up 36.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS. Equities research analysts forecast that LendingTree will post 3.64 EPS for the current year.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.