LendingTree (NASDAQ:TREE) PT Raised to $60.00 at Keefe, Bruyette & Woods

LendingTree (NASDAQ:TREE) had its target price hoisted by Keefe, Bruyette & Woods from $45.00 to $60.00 in a research note issued to investors on Wednesday, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

Several other brokerages have also issued reports on TREE. Truist Financial reaffirmed a buy rating and set a $55.00 price objective (up previously from $37.00) on shares of LendingTree in a report on Wednesday. Oppenheimer increased their price objective on LendingTree from $45.00 to $55.00 and gave the company an outperform rating in a report on Wednesday. StockNews.com downgraded shares of LendingTree from a buy rating to a hold rating in a research report on Monday, March 25th. JPMorgan Chase & Co. raised their price target on LendingTree from $25.00 to $38.00 and gave the stock an overweight rating in a report on Wednesday, February 28th. Finally, Susquehanna lifted their target price on LendingTree from $15.00 to $27.00 and gave the company a neutral rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $45.00.

LendingTree Stock Down 0.8 %

Shares of LendingTree stock opened at $47.89 on Wednesday. The company has a 50 day moving average of $38.92 and a 200 day moving average of $29.49. The company has a market capitalization of $633.58 million, a P/E ratio of -4.61 and a beta of 2.09. LendingTree has a 52-week low of $10.12 and a 52-week high of $49.63. The company has a quick ratio of 2.60, a current ratio of 3.71 and a debt-to-equity ratio of 4.80.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.14. The business had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.55 million. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. During the same quarter in the previous year, the firm earned ($0.53) EPS. As a group, research analysts forecast that LendingTree will post -0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On LendingTree

A number of hedge funds and other institutional investors have recently modified their holdings of TREE. Cornerstone Wealth Management LLC acquired a new position in shares of LendingTree during the 4th quarter worth $252,000. Acadian Asset Management LLC raised its position in LendingTree by 21.2% during the third quarter. Acadian Asset Management LLC now owns 90,014 shares of the financial services provider’s stock worth $1,393,000 after acquiring an additional 15,765 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of LendingTree by 26.5% in the third quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider’s stock valued at $2,943,000 after purchasing an additional 39,745 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of LendingTree by 0.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 345,292 shares of the financial services provider’s stock worth $5,352,000 after purchasing an additional 2,952 shares during the last quarter. Finally, Shenkman Capital Management Inc. purchased a new stake in LendingTree in the 3rd quarter valued at approximately $1,860,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

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.