LendingTree, Inc. (NASDAQ:TREE) Stock Has Average Price Target of $53.60 According to Analysts

LendingTree, Inc. (NASDAQ:TREE) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $53.60.

Several research firms have weighed in on TREE. Northland Securities set a $60.00 price objective on LendingTree in a research report on Thursday, July 30th. Wall Street Zen raised LendingTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Weiss Ratings cut LendingTree from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. JPMorgan Chase & Co. lowered their target price on LendingTree from $48.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 4th. Finally, Truist Financial cut their price target on shares of LendingTree from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th.

Institutional Trading of LendingTree

Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its stake in shares of LendingTree by 147.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 23,271 shares of the financial services provider’s stock worth $569,000 after purchasing an additional 13,881 shares during the last quarter. Voya Investment Management LLC bought a new position in shares of LendingTree during the 3rd quarter worth $235,000. Russell Investments Group Ltd. grew its stake in shares of LendingTree by 254.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 91,753 shares of the financial services provider’s stock worth $2,242,000 after acquiring an additional 65,899 shares during the period. Asset Management One Co. Ltd. increased its holdings in LendingTree by 54.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,743 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 613 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in LendingTree by 578.8% in the 3rd quarter. Signaturefd LLC now owns 2,790 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 2,379 shares during the last quarter. Institutional investors own 68.26% of the company’s stock.

LendingTree Price Performance

LendingTree stock opened at $36.84 on Monday. LendingTree has a 52 week low of $23.50 and a 52 week high of $68.93. The company’s 50 day moving average price is $27.37 and its two-hundred day moving average price is $37.11. The company has a quick ratio of 1.85, a current ratio of 1.57 and a debt-to-equity ratio of 1.29. The stock has a market cap of $517.23 million, a P/E ratio of 10.71 and a beta of 1.99.

LendingTree (NASDAQ:TREE) last announced its earnings results on Tuesday, November 3rd. The financial services provider reported ($5.15) earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($6.41). The business had revenue of $343.59 million during the quarter, compared to analysts’ expectations of $329.72 million. LendingTree had a return on equity of 15.92% and a net margin of 7.60%. LendingTree’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.70 EPS. On average, equities analysts predict that LendingTree will post 3.21 earnings per share for the current year.

About LendingTree

LendingTree, Inc. operates an online marketplace that connects consumers with financial institutions and other providers. Through its platform, users can compare offers and seek products such as mortgages, personal and auto loans, credit cards, insurance, and deposit accounts. Founded in 1996 by Doug Lebda, LendingTree helped bring loan comparison shopping online. The company serves consumers in the United States and also operates comparison and financial-information websites, including CompareCards and ValuePenguin.