LendingTree (NASDAQ:TREE) Posts Earnings Results, Misses Expectations By $1.29 EPS

LendingTree (NASDAQ:TREE) issued its earnings results on Monday. The financial services provider reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($1.29), FiscalAI reports. The company had revenue of $310.92 million during the quarter, compared to analysts’ expectations of $286.56 million. LendingTree had a return on equity of 36.30% and a net margin of 1.34%.

LendingTree Stock Performance

TREE stock traded up $0.37 during trading on Monday, reaching $37.74. The company had a trading volume of 518,133 shares, compared to its average volume of 421,668. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.43 and a current ratio of 1.43. LendingTree has a twelve month low of $32.65 and a twelve month high of $77.35. The company has a market cap of $515.94 million, a price-to-earnings ratio of 37.37 and a beta of 2.13. The firm has a 50-day simple moving average of $51.62 and a 200-day simple moving average of $57.81.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TREE. Intech Investment Management LLC acquired a new position in shares of LendingTree in the 3rd quarter worth approximately $312,000. Mangrove Partners IM LLC acquired a new position in LendingTree during the 4th quarter worth $263,000. Envestnet Asset Management Inc. purchased a new stake in shares of LendingTree during the third quarter worth approximately $258,000. Graham Capital Management L.P. acquired a new stake in shares of LendingTree in the 4th quarter valued at $223,000. Finally, Scotia Capital Inc. acquired a new stake in LendingTree in the third quarter valued at $218,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Zacks Research downgraded shares of LendingTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Wall Street Zen cut shares of LendingTree from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th. Truist Financial upped their target price on shares of LendingTree from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LendingTree in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, LendingTree presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.67.

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.