LendingTree, Inc. (NASDAQ:TREE) Stock Has Average Target Price of $61.33

LendingTree, Inc. (NASDAQ:TREE) has earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $61.33.

A number of analysts have weighed in on TREE shares. Truist Financial decreased their price objective on LendingTree from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Wall Street Zen raised LendingTree from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Keefe, Bruyette & Woods cut their price target on LendingTree from $70.00 to $58.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Needham & Company LLC decreased their price target on LendingTree from $60.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Zacks Research lowered shares of LendingTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th.

LendingTree Stock Up 0.2%

TREE stock opened at $26.58 on Thursday. The company’s 50 day moving average price is $27.07 and its 200 day moving average price is $35.62. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.85 and a current ratio of 1.85. LendingTree has a fifty-two week low of $23.50 and a fifty-two week high of $68.93. The firm has a market capitalization of $373.18 million, a price-to-earnings ratio of 2.06 and a beta of 2.04.

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

Institutional Trading of LendingTree

Several hedge funds have recently made changes to their positions in TREE. IFP Advisors Inc boosted its holdings in shares of LendingTree by 572.0% in the second quarter. IFP Advisors Inc now owns 719 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 612 shares in the last quarter. OP Asset Management Ltd acquired a new position in shares of LendingTree during the first quarter worth about $34,000. Integrated Wealth Concepts LLC purchased a new position in LendingTree during the second quarter worth about $42,000. Public Employees Retirement System of Ohio raised its holdings in LendingTree by 123.5% during the first quarter. Public Employees Retirement System of Ohio now owns 4,227 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 2,336 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in LendingTree by 55.4% during the third quarter. State of Alaska Department of Revenue now owns 9,323 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 3,325 shares in the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that helps consumers compare and connect with providers of financial products. Through its digital platforms, the company facilitates shopping for mortgages, home equity loans, personal loans, business loans, credit cards, insurance and other consumer financial services.

The company generally earns revenue by connecting consumers with banks, lenders, insurers and other financial service providers. Its websites and tools are designed to provide product comparisons, educational content and lead-generation services, allowing consumers to evaluate available options and request offers from participating providers.

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