LendingTree (NASDAQ:TREE) Stock Price Target Cut by Truist Financial

LendingTree (NASDAQ:TREE – Get Free Report) had its price target reduced by research analysts at Truist Financial from $70.00 to $65.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Truist Financial‘s price target would suggest a potential upside of 67.54% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Needham & Company LLC lowered their price objective on LendingTree from $60.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of LendingTree in a research note on Monday, September 21st. Wall Street Zen cut LendingTree from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Northland Securities set a $60.00 target price on LendingTree in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods lowered their price target on LendingTree from $70.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.60.

View Our Latest Stock Analysis on LendingTree

LendingTree Price Performance

LendingTree stock traded up $9.93 during midday trading on Wednesday, reaching $38.80. 928,868 shares of the stock were exchanged, compared to its average volume of 350,241. The company’s fifty day moving average is $26.38 and its 200-day moving average is $37.98. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $544.70 million, a PE ratio of 2.99 and a beta of 1.99. LendingTree has a 52 week low of $23.50 and a 52 week high of $68.93.

LendingTree (NASDAQ:TREE – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The financial services provider reported ($5.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($6.41). LendingTree had a return on equity of 14.57% and a net margin of 14.33%. The firm had revenue of $343.59 million during the quarter, compared to analysts’ expectations of $329.72 million. During the same quarter in the prior year, the company earned $1.70 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, sell-side analysts forecast that LendingTree will post 3.49 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TREE. BlackRock Inc. bought a new position in shares of LendingTree during the 2nd quarter valued at about $54,329,000. Jennison Associates LLC lifted its position in LendingTree by 74.0% in the 1st quarter. Jennison Associates LLC now owns 1,020,211 shares of the financial services provider’s stock worth $43,747,000 after buying an additional 434,038 shares during the last quarter. Punch & Associates Investment Management Inc. bought a new stake in LendingTree in the 2nd quarter worth approximately $32,140,000. Dimensional Fund Advisors LP lifted its position in LendingTree by 9.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 277,414 shares of the financial services provider’s stock worth $11,895,000 after buying an additional 22,857 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in LendingTree by 33.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 274,366 shares of the financial services provider’s stock worth $11,765,000 after buying an additional 68,466 shares in the last quarter. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting LendingTree

Here are the key news stories impacting LendingTree this week:

About LendingTree

(Get Free Report)

LendingTree, Inc operates an online marketplace that helps consumers compare financial products and services from a network of lenders, insurers and other providers. Its platform is designed to connect shoppers with potential offers based on their financial needs and preferences.

The company’s marketplace includes products such as mortgages and other home loans, personal loans, business loans, auto loans, credit cards, insurance and deposit accounts. LendingTree also provides educational content, comparison tools and financial guidance intended to help consumers evaluate borrowing, insurance and saving options.

Founded in 1996 by Doug Lebda, LendingTree is headquartered in Charlotte, North Carolina, and primarily serves consumers in the United States.

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