LendingTree, Inc. (NASDAQ:TREE) Stock Has Consensus Price Target of $61.33

LendingTree, Inc. (NASDAQ:TREE) has been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $61.33.

Several research firms recently commented on TREE. Weiss Ratings reiterated a “hold (c)” rating on shares of LendingTree in a report on Monday. Keefe, Bruyette & Woods lowered their target price on shares of LendingTree from $70.00 to $58.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Needham & Company LLC dropped their price target on shares of LendingTree from $60.00 to $45.00 and set a “buy” rating on the stock 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 note on Saturday, August 29th. Finally, Zacks Research cut shares of LendingTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th.

LendingTree Stock Performance

TREE stock opened at $24.34 on Friday. The stock’s 50 day simple moving average is $31.53 and its 200 day simple moving average is $37.83. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.20. LendingTree has a 12-month low of $23.82 and a 12-month high of $71.17. The stock has a market capitalization of $341.73 million, a PE ratio of 1.89 and a beta of 2.05.

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

Institutional Investors Weigh In On LendingTree

Hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 acquiring an additional 68,466 shares during the period. Punch & Associates Investment Management Inc. bought a new position in LendingTree in the second quarter valued at about $32,140,000. S Squared Technology LLC bought a new position in LendingTree in the second quarter valued at about $4,795,190. Bank of New York Mellon Corp purchased a new position in LendingTree in the second quarter worth about $1,612,000. Finally, BlackRock Inc. purchased a new position in LendingTree in the second quarter worth about $54,329,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

About LendingTree

LendingTree, Inc operates an online marketplace that helps consumers compare financial products and connect with banks, lenders, insurers and other service providers. The company generally acts as a marketing and comparison platform rather than as a direct lender, enabling users to review offers based on information they provide.

Its marketplace includes products such as mortgages and home equity financing, personal loans, auto loans, credit cards, small-business financing, insurance and deposit accounts.