LendingTree (NASDAQ:TREE) Stock Rating Reaffirmed by Truist Financial

Truist Financial restated their buy rating on shares of LendingTree (NASDAQ:TREE) in a research note released on Wednesday morning, Benzinga reports. They currently have a $55.00 price objective on the financial services provider’s stock, up from their prior price objective of $37.00.

A number of other research analysts also recently commented on TREE. Susquehanna upped their price objective 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. Oppenheimer increased their price target on shares of LendingTree from $45.00 to $55.00 and gave the stock an outperform rating in a research note on Wednesday. StockNews.com cut shares of LendingTree from a buy rating to a hold rating in a research note on Monday, March 25th. JPMorgan Chase & Co. increased their target price on LendingTree from $25.00 to $38.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods raised LendingTree from a market perform rating to an outperform rating and boosted their price target for the company from $24.00 to $45.00 in a research report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $48.50.

LendingTree Stock Up 0.2 %

Shares of NASDAQ TREE opened at $49.41 on Wednesday. The firm has a market cap of $653.69 million, a P/E ratio of -4.76 and a beta of 2.10. The company has a debt-to-equity ratio of 4.80, a quick ratio of 2.60 and a current ratio of 3.71. LendingTree has a 1 year low of $10.12 and a 1 year high of $51.72. The firm’s 50 day moving average price is $39.52 and its 200 day moving average price is $30.00.

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

Institutional Investors Weigh In On LendingTree

Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in LendingTree by 78.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 1,321 shares in the last quarter. Quest Partners LLC acquired a new position in shares of LendingTree during the fourth quarter worth $103,000. SG Americas Securities LLC boosted its stake in shares of LendingTree by 109.9% in the third quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 5,276 shares during the period. Olympiad Research LP grew its holdings in LendingTree by 36.4% during the 3rd quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 3,336 shares in the last quarter. Finally, Bristlecone Advisors LLC purchased a new stake in LendingTree during the 4th quarter worth $201,000. Hedge funds and other institutional investors 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.