Brokerages Set LendingTree, Inc. (NASDAQ:TREE) PT at $36.57

LendingTree, Inc. (NASDAQ:TREE) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $48.50.

Several analysts have issued reports on TREE shares. Truist Financial reaffirmed a “buy” rating and set a $55.00 price target (up from $37.00) on shares of LendingTree in a research report on Wednesday. Susquehanna upped their price objective on LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a report on Thursday. Oppenheimer raised their price target on LendingTree from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of LendingTree from $45.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday.

LendingTree Stock Up 3.0 %

Shares of TREE stock opened at $49.33 on Friday. LendingTree has a 12-month low of $10.12 and a 12-month high of $50.19. The company has a quick ratio of 2.60, a current ratio of 3.71 and a debt-to-equity ratio of 4.80. The firm has a fifty day moving average of $39.22 and a 200-day moving average of $29.62. The company has a market capitalization of $652.64 million, a price-to-earnings ratio of -4.75 and a beta of 2.09.

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

Institutional Investors Weigh In On LendingTree

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its position in LendingTree by 1.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,280 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 553 shares during the period. Tower Research Capital LLC TRC increased its position in shares of 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 worth $91,000 after buying an additional 1,321 shares during the period. Qube Research & Technologies Ltd raised its stake in LendingTree by 1.4% during the third quarter. Qube Research & Technologies Ltd now owns 116,481 shares of the financial services provider’s stock worth $1,805,000 after buying an additional 1,568 shares during the last quarter. Hsbc Holdings PLC boosted its position in LendingTree by 8.9% during the fourth quarter. Hsbc Holdings PLC now owns 23,862 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 1,957 shares during the last quarter. Finally, Intellectus Partners LLC grew its holdings in LendingTree by 14.6% during the 3rd quarter. Intellectus Partners LLC now owns 16,050 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 2,050 shares during the period. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Company Profile

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.