LendingTree (NASDAQ:TREE – Get Valuation)The stock was rated “Overweight” by investment analysts at Stephens in a research report published on Thursday, reports Benzinga. They currently have a price target of $48.00 on the financial services provider’s stock. Stephens’ price target would suggest a potential upside of 92.23% from the company’s previous close.
→ Bear market expert makes new forecast (From legacy research)
Other equities analysts have also recently issued reports on the stock. StockNews.com began coverage of shares of LendingTree in a research report on Thursday, March 16th. They gave the stock a “hold” rating. Susquehanna downgraded shares of LendingTree from a “positive” rating to a “neutral” rating and lowered the price target on the stock to $36.00 from $46.00 in a research report on Tuesday, February 28. Keefe, Bruyette & Woods raised their target price for LendingTree shares to $34.00 from $25.00 and rated the stock as “Market Perform” in a research report on Tuesday, February 28. Needham & Company LLC increased its price target for LendingTree shares to $45.00 from $32.00 and on Monday, February 27, gave the stock a “buy” rating in a research report. Finally, Bank of America lowered its price target for LendingTree shares to $43.00 from $53.00 and gave the stock a “buy” rating in a research report on Tuesday, February 28. Four investment analysts have rated the stock with a hold rating and six with a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.56.
LendingTree Trading down 3.7%
TREE opened at $24.97 on Thursday. The stock has a market cap of $319.87 million, a P/E of -1.70 and a beta of 1.93. LendingTree has a 12-month low of $17.59 and a 12-month high of $129.30. The company’s 50-day simple moving average is $34.62 and its 200-day simple moving average is $27.87. The company has a current ratio of 5.02, a quick ratio of 5.02 and a debt to equity ratio of 3.91.
LendingTree (NASDAQ:TREE – Get Rating) last released its quarterly earnings data on Monday, February 27th. The financial services firm reported $0.38 EPS for the quarter, beating the consensus estimate of ($0.34) by $0.72. The company had revenue of $202.10 million for the quarter, compared to analysts’ expectations of $208.13 million. LendingTree had a negative net margin of 19.08% and a negative return on equity of 14.55%. The company’s revenue fell 21.8% compared to the prior-year quarter. For the same period last year, the company posted ($1.23) EPS. As a group, research analysts expect LendingTree to post -3.02 EPS for the current fiscal year.
Insider Activity
In other news, CEO Douglas R. Lebda bought 65,062 shares of the company’s stock in a transaction on Monday, January 23. The shares were purchased at an average price of $32.03 per share for a total value of $2,083,935.86. Following the acquisition, the Chief Executive Officer now owns 65,062 shares of the Company, valued at $2,083,935.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, CEO Douglas R. Lebda acquired 18,268 shares of the company’s stock in a transaction that took place on Monday, January 30th. The shares were acquired at an average price of $38.63 per share for a total transaction of $705,692.84. Following the purchase, the Chief Executive Officer now owns 214,859 shares of the company, valued at $8,300,003.17. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC’s website. In addition, CEO Douglas R. Lebda acquired 65,062 shares of the company’s stock in a transaction that took place on Monday, January 23rd. The stock was purchased at an average price of $32.03 per share for a total transaction of $2,083,935.86. Following the purchase, the Chief Executive Officer now owns 65,062 shares of the Company’s stock valued at approximately $2,083,935.86. The disclosure for this purchase can be found here. 17.90% of the shares are owned by insiders.
Institutional inflows and outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Monaco Asset Management SAM increased its position in shares of LendingTree by 1,754.4% in the fourth quarter. Monaco Asset Management SAM now owns 333,798 shares of the financial services provider, valued at $7,120,000, after purchasing an additional 315,798 shares last quarter. Federated Hermes Inc. increased its position in shares of LendingTree by 477.5% in the second quarter. Federated Hermes Inc. now owns 260,790 shares of the financial services provider, valued at $11,428,000, after purchasing an additional 215,630 shares last quarter. Jupiter Asset Management Ltd. increased its position in shares of LendingTree by 286.7% in the third quarter. Jupiter Asset Management Ltd. now owns 209,301 shares of the financial services provider, valued at $4,994,000, after purchasing an additional 155,183 shares last quarter. Renaissance Technologies LLC increased its position in shares of LendingTree by 134.0% during the third quarter. Renaissance Technologies LLC now owns 243,400 shares of the financial services firm valued at $5,808,000 after purchasing an additional 139,400 shares last quarter. Finally, Two Sigma Investments LP increased its position in LendingTree shares by 206.3% during the third quarter. Two Sigma Investments LP now owns 199,350 shares of the financial services firm valued at $4,756,000 after purchasing an additional 134,257 shares last quarter. Institutional investors and hedge funds own 83.16% of the company’s shares.
LendingTree Company Profile
(get rating)
LendingTree, Inc operates an online credit marketplace for consumers seeking credit and other credit-based offerings. It operates through the following segments: Household, Consumer and Insurance. The Home segment refers to purchase mortgages, refinance mortgages, home equity loans and lines of credit, and reverse mortgage loans and real estate.
See also
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.
Before you consider LendingTree, here’s what you should hear.
MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and LendingTree wasn’t on the list.
While LendingTree is currently rated a “Moderate Buy” by analysts, top analysts believe these five stocks are better buys.
Check out the five stocks here
www.marketbeat.com
https://www.marketbeat.com/instant-alerts/nasdaq-tree-a-buy-or-sell-right-now-2023-03-31/
