LendingTree, Inc. (NASDAQ:TREE) Receives $61.33 Consensus PT from Analysts

Shares of LendingTree, Inc. (NASDAQ:TREE) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $61.3333.

TREE has been the topic of a number of recent research reports. Zacks Research downgraded shares of LendingTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Needham & Company LLC dropped their price objective on shares of LendingTree from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Truist Financial reduced their price objective on shares of LendingTree from $78.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Wall Street Zen upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of LendingTree in a research note on Wednesday, June 24th.

LendingTree Trading Up 2.4%

NASDAQ:TREE opened at $28.96 on Wednesday. The company has a market capitalization of $406.60 million, a P/E ratio of 2.24 and a beta of 2.04. The stock’s 50 day moving average price is $37.78 and its 200 day moving average price is $39.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.85 and a current ratio of 1.85. LendingTree has a 52 week low of $27.70 and a 52 week high of $77.35.

LendingTree (NASDAQ:TREE) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.73). LendingTree had a net margin of 14.33% and a return on equity of 14.57%. The business had revenue of $313.42 million for the quarter, compared to the consensus estimate of $315.56 million. During the same quarter in the prior year, the business posted $1.13 EPS. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. On average, research analysts forecast that LendingTree will post 3.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Mariner LLC grew its stake in LendingTree by 31.5% during the fourth quarter. Mariner LLC now owns 1,760,407 shares of the financial services provider’s stock worth $93,461,000 after buying an additional 421,826 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of LendingTree during the second quarter worth approximately $54,329,000. Jennison Associates LLC raised its stake in shares of LendingTree by 74.0% in the first quarter. Jennison Associates LLC now owns 1,020,211 shares of the financial services provider’s stock valued at $43,747,000 after acquiring an additional 434,038 shares during the last quarter. Punch & Associates Investment Management Inc. bought a new position in shares of LendingTree in the second quarter valued at approximately $32,140,000. Finally, Blue Grotto Capital LLC boosted its holdings in shares of LendingTree by 64.3% in the 4th quarter. Blue Grotto Capital LLC now owns 584,931 shares of the financial services provider’s stock worth $31,054,000 after acquiring an additional 228,858 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors and hedge funds.

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.