LendingTree, Inc. (NASDAQ:TREE) Receives $48.50 Average Target Price from Analysts

LendingTree, Inc. (NASDAQ:TREEGet Free Report) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $49.43.

Several research analysts recently commented on the stock. Truist Financial reiterated a “buy” rating and set a $55.00 price objective (up previously from $37.00) on shares of LendingTree in a research note on Wednesday, May 1st. Needham & Company LLC restated a “buy” rating and set a $56.00 price target on shares of LendingTree in a research note on Thursday. Keefe, Bruyette & Woods upped their price target on shares of LendingTree from $45.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Susquehanna upped their price target on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd.

Read Our Latest Stock Analysis on LendingTree

LendingTree Trading Down 2.5 %

NASDAQ TREE opened at $39.78 on Monday. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 4.80. The firm has a market cap of $526.09 million, a PE ratio of -3.83 and a beta of 2.13. The company has a 50 day moving average price of $42.92 and a 200 day moving average price of $37.09. LendingTree has a 52 week low of $10.12 and a 52 week high of $52.76.

LendingTree (NASDAQ:TREEGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.25) by $0.36. The firm 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%. As a group, sell-side analysts forecast that LendingTree will post -0.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Gabriel Dalporto sold 1,442 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $50.17, for a total transaction of $72,345.14. Following the sale, the director now directly owns 4,478 shares of the company’s stock, valued at $224,661.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Gabriel Dalporto sold 1,442 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $50.17, for a total transaction of $72,345.14. Following the sale, the director now directly owns 4,478 shares of the company’s stock, valued at $224,661.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven Ozonian sold 1,610 shares of the stock in a transaction 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 directly owns 6,784 shares in the company, valued at $300,599.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,802 shares of company stock valued at $673,219. Corporate insiders own 23.40% of the company’s stock.

Hedge Funds Weigh In On LendingTree

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC lifted its holdings in LendingTree by 16.8% during the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 270 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in LendingTree by 78.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 1,321 shares in the last quarter. Quest Partners LLC purchased a new position in LendingTree during the fourth quarter valued at $103,000. Bristlecone Advisors LLC purchased a new position in LendingTree during the fourth quarter valued at $201,000. Finally, Caxton Associates LP purchased a new position in LendingTree during the first quarter valued at $327,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

About LendingTree

(Get Free Report

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.

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Analyst Recommendations for LendingTree (NASDAQ:TREE)

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