LendingTree, Inc. (NASDAQ:TREE – Free Report) shares have been assigned an average “Moderate Buy” recommendation from the six brokers currently covering the company, reports MarketBeat.com. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers who have covered the stock over the past year is $34.75.
TREE has been the subject of numerous research reports. Northland Securities lowered its price target on LendingTree to $24.00 from $35.00 in a report Wednesday, May 3. Susquehanna lowered its price target on LendingTree shares to $17.00 from $36.00 in a report on Wednesday, May 3. Stephens reiterated an “Overweight” rating and issued a price target of $48.00 for shares of LendingTree in a research report on Thursday, March 30. Truist Financial lowered its price target for LendingTree from $42.00 to $27.00 in a research note on Wednesday, May 3. Finally, on Thursday, May 18th, StockNews.com began reporting on LendingTree in a research report. They assigned a “hold” rating to the company.
LendingTree Trading down 2.0%
NASDAQ:TREE shares opened at $22.11 on Monday. The company’s 50-day moving average price is $20.45 and its two-hundred-day moving average price is $26.40. LendingTree has a yearly low of $16.02 and a yearly high of $51.94. The company has a debt to equity ratio of 2.71, a current ratio of 2.85 and a short term ratio of 2.85. The stock has a market cap of $285.44 million, a P/E of -1.72 and a beta of 1.89.
LendingTree (NASDAQ:TREE – Free Report) last released its earnings results on Tuesday, May 2nd. The financial services firm reported earnings per share of ($0.62) for the quarter, beating the consensus estimate of ($1.04) by $0.42. LendingTree had a negative net margin of 18.14% and a negative return on equity of 16.17%. The company had revenue of $200.50 million for the quarter, compared to analysts’ expectations of $207.42 million. On average, equity analysts are forecasting that LendingTree will report earnings per share of -1.95 for the current fiscal year.
Insiders place their bets
In other LendingTree news, on Thursday, May 11, Director Mark A. Ernst acquired 10,000 shares of LendingTree in a transaction. The stock was purchased at an average price of $18.28 per share for a total transaction of $182,800.00. Following the purchase, the director now directly owns 30,216 shares of the company, valued at $552,348.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC’s website. Insiders own 23.00% of the company’s stock.
Institutional inflows and outflows
Several institutional investors and hedge funds have recently bought and sold shares in the company. Bank of Montreal Can increased its stake in LendingTree by 5.1% in the first quarter. Bank of Montreal Can now owns 3,533 shares of the financial services firm, valued at $434,000, after purchasing an additional 173 shares last quarter. Acadian Asset Management LLC bought a new position in LendingTree stock worth $99,000 during the first quarter. MetLife Investment Management LLC increased its stake in LendingTree shares by 49.5% during the first quarter. MetLife Investment Management LLC now owns 6,224 shares of the financial services provider, valued at $745,000, after purchasing an additional 2,061 shares last quarter. Rhumbline Advisers increased its stake in LendingTree by 7.8% in the first quarter. Rhumbline Advisers now owns 29,797 shares of the financial services provider, valued at $3,566,000, after purchasing an additional 2,146 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in LendingTree by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 155,832 shares of the financial services provider, valued at $18,649,000, after purchasing an additional 6,973 shares last quarter. 78.58% of the shares are owned by institutional investors.
About LendingTree
(Free report
LendingTree, Inc, through its subsidiary LT Intermediate Company, LLC, operates an online consumer platform in the United States. The Company operates through three segments: Household, Consumer and Insurance. The Home segment offers purchase mortgages, refinance mortgages, reverse mortgages, and home equity loans; lines of credit; and real estate brokerage services.
further reading
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