LendingTree, Inc. (NASDAQ:TREE) Receives $161.89 Average PT from Analysts

LendingTree, Inc. (NASDAQ:TREEGet Rating) has been assigned a consensus recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $161.89.

A number of equities research analysts have recently issued reports on TREE shares. Susquehanna dropped their target price on shares of LendingTree from $180.00 to $160.00 in a report on Friday, May 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 target price on shares of LendingTree in a report on Monday, March 28th. Truist Financial dropped their target price on shares of LendingTree from $240.00 to $185.00 in a report on Friday, May 6th. Keefe, Bruyette & Woods started coverage on shares of LendingTree in a report on Monday, February 14th. They issued a “market perform” rating and a $139.00 target price on the stock. Finally, Susquehanna Bancshares lowered their price target on shares of LendingTree from $180.00 to $160.00 in a report on Friday, May 6th.

Shares of LendingTree stock traded up $0.77 during trading hours on Friday, reaching $55.75. 2,553 shares of the company’s stock were exchanged, compared to its average volume of 222,733. The company has a 50 day moving average of $94.81 and a two-hundred day moving average of $111.67. LendingTree has a fifty-two week low of $54.46 and a fifty-two week high of $228.81. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.66. The stock has a market cap of $711.70 million, a P/E ratio of 19.43 and a beta of 1.60.

LendingTree (NASDAQ:TREEGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The financial services provider reported ($0.62) EPS for the quarter, topping analysts’ consensus estimates of ($1.02) by $0.40. LendingTree had a net margin of 3.54% and a negative return on equity of 4.84%. The company had revenue of $283.18 million during the quarter, compared to the consensus estimate of $283.65 million. During the same period in the prior year, the business posted $0.18 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts expect that LendingTree will post -2.21 earnings per share for the current fiscal year.

In other LendingTree news, Director Mark A. Ernst bought 10,000 shares of the stock in a transaction dated Monday, May 9th. The shares were bought at an average cost of $65.67 per share, with a total value of $656,700.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $656,700. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 16.70% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC boosted its position in shares of LendingTree by 4,176.9% during the 1st quarter. Signaturefd LLC now owns 556 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 543 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of LendingTree during the 1st quarter worth approximately $99,000. AGF Investments Inc. boosted its position in shares of LendingTree by 23.7% during the 3rd quarter. AGF Investments Inc. now owns 1,200 shares of the financial services provider’s stock worth $168,000 after acquiring an additional 230 shares in the last quarter. Point72 Hong Kong Ltd boosted its position in shares of LendingTree by 39.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 1,355 shares of the financial services provider’s stock worth $189,000 after acquiring an additional 384 shares in the last quarter. Finally, Inspire Investing LLC acquired a new stake in shares of LendingTree during the 3rd quarter worth approximately $212,000. Institutional investors and hedge funds own 86.31% of the company’s stock.

About LendingTree (Get Rating)

LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, 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, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.

Further Reading

Analyst Recommendations for LendingTree (NASDAQ:TREE)

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