LendingTree, Inc. (NASDAQ:TREE – Get rating) shares have been given a consensus rating of Moderate Buy by the 11 research firms covering the stock, reports MarketBeat Ratings. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers who have rated the stock over the past year is $34.75.
Several analysts recently commented on TREE stock. Oppenheimer raised its price target on LendingTree to $40.00 from $35.00 and gave the stock a “Outperform” rating in a research note on Tuesday, February 28. Bank of America lowered its price target on LendingTree to $43.00 from $53.00 and ranked the stock as “buy” in a research note on Tuesday, February 28. StockNews.com reported on LendingTree in a research note on Thursday, March 16. They give the stock a “hold” rating. Truist Financial lowered its price target on LendingTree to $27.00 from $42.00 in a research note on Wednesday, May 3. Finally, on Thursday, March 30, Stephens renewed an “overweight” rating and issued a price target of $48.00 on shares of LendingTree in a research note.
LendingTree stock down 3.7%
NASDAQ:TREE opened at $17.65 on Friday. LendingTree has a 12-month low of $16.02 and a 12-month high of $70.59. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt to equity ratio of 2.71. The company has a market cap of $227.86 million, a P/E of -1.37 and a beta of 1.89. The stock’s 50-day simple moving average is $24.24 and its 200-day simple moving average is $27.12.
LendingTree (NASDAQ:TREE – Get Rating) last released its quarterly earnings results on Monday, February 27th. The financial services firm reported earnings per share (EPS) of $0.38 for the quarter, beating the consensus estimate of ($0.34) by $0.72. LendingTree had a negative return on equity of 16.17% and a negative net margin of 18.14%. The company had revenue of $202.10 million for the quarter, compared to analyst estimates of $208.13 million. In the same period last year, the company generated earnings per share ($1.23). The company’s revenue fell 21.8% year over year. Equity analysts expect LendingTree to report year-to-date earnings per share of -1.95.
In related news from LendingTree, Director Mark A. Ernst purchased 10,000 shares of LendingTree in a transaction on Thursday, May 11. The stock was acquired at an average price of $18.28 per share for a total transaction of $182,800.00. Upon the completion of the acquisition, the director now owns 30,216 shares of the Company, valued at approximately $552,348.48. The purchase was disclosed in a filing with the Securities & Exchange Commission available at this link. 17.90% of the shares are owned by company insiders.
Hedge funds weigh on LendingTree
A number of hedge funds and other institutional investors have recently bought and sold company shares. Captrust Financial Advisors increased its stake in LendingTree shares by 59.1% during the second quarter. Captrust Financial Advisors now owns 719 shares of the financial services provider, valued at $32,000, after purchasing an additional 267 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in LendingTree valued at around $34,000 during the fourth quarter. PNC Financial Services Group Inc. increased its position in LendingTree by 136.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,705 shares of the financial services provider, valued at $36,000, after buying an additional 984 shares last quarter. Asset Management One Co.Ltd. increased its stake in LendingTree shares by 69.4% in the third quarter. Asset Management One Co.Ltd. now owns 1,757 shares of the financial services firm, valued at $41,000, after buying an additional 720 shares last quarter. Finally, Point72 Middle East FZE purchased a new position in LendingTree stock worth $42,000 during the fourth quarter. Institutional investors own 83.16% of the company’s shares.
LendingTree company profile
LendingTree, Inc operates an online credit marketplace for consumers seeking credit and other credit-based offerings. The company operates through the following segments: Household, Consumer and Insurance. The Home segment includes purchase mortgages, refinance mortgages, home equity loans and lines of credit, and reverse mortgage loans and real estate.
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