LendingTree, Inc. (NASDAQ:TREE) Receives Average Rating of “Moderate Buy” from Analysts

LendingTree, Inc. (NASDAQ:TREE) has received a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings 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 target among analysts that have covered the stock in the last year is $66.20.

Several research firms have recently issued reports on TREE. Truist Financial set a $78.00 price objective on shares of LendingTree in a research report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of LendingTree in a report on Wednesday, June 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 price target on shares of LendingTree in a research report on Friday, May 1st. JPMorgan Chase & Co. started coverage on LendingTree in a report on Tuesday, April 14th. They issued an “overweight” rating and a $50.00 price target for the company. Finally, Zacks Research lowered LendingTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th.

LendingTree Stock Down 0.1%

TREE opened at $45.24 on Tuesday. LendingTree has a 1 year low of $32.65 and a 1 year high of $77.35. The firm has a 50 day moving average price of $39.07 and a 200 day moving average price of $44.75. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.89 and a current ratio of 1.89. The company has a market cap of $631.10 million, a PE ratio of 3.52 and a beta of 2.00.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.11). The business had revenue of $319.07 million for the quarter, compared to analyst estimates of $321.32 million. LendingTree had a net margin of 15.02% and a return on equity of 17.01%. The company’s quarterly revenue was up 36.5% on a year-over-year basis. During the same period last year, the firm earned $0.99 earnings per share. Sell-side analysts expect that LendingTree will post 3.64 earnings per share for the current year.

Institutional Investors Weigh In On LendingTree

Large investors have recently modified their holdings of the stock. Moody National Bank Trust Division raised its holdings in shares of LendingTree by 311.8% during the 2nd quarter. Moody National Bank Trust Division now owns 28,823 shares of the financial services provider’s stock valued at $1,277,000 after buying an additional 21,823 shares during the period. Bank of America Corp DE lifted its position in LendingTree by 54.5% during the 1st quarter. Bank of America Corp DE now owns 82,203 shares of the financial services provider’s stock worth $3,525,000 after acquiring an additional 28,990 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in LendingTree by 350.8% in the 1st quarter. Quantinno Capital Management LP now owns 27,483 shares of the financial services provider’s stock worth $1,178,000 after acquiring an additional 21,387 shares during the period. Jacobs Asset Management LLC purchased a new position in LendingTree in the 1st quarter worth approximately $643,000. Finally, Punch & Associates Investment Management Inc. grew its position in LendingTree by 37.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 647,038 shares of the financial services provider’s stock valued at $27,745,000 after acquiring an additional 177,391 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 connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.