LendingTree, Inc. (NASDAQ:TREE) Stock Has Average Target Price of $61.33 According to Brokerages

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

A number of brokerages recently weighed in on TREE. Wall Street Zen upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Weiss Ratings reissued a “hold (c)” rating on shares of LendingTree in a research note on Monday, September 21st. Northland Securities set a $60.00 price objective on shares of LendingTree in a report on Thursday, July 30th. Needham & Company LLC lowered their target price 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. Finally, Zacks Research downgraded shares of LendingTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th.

Hedge Funds Weigh In On LendingTree

Several institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc grew its stake in LendingTree by 572.0% in the second quarter. IFP Advisors Inc now owns 719 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 612 shares during the period. OP Asset Management Ltd bought a new position in shares of LendingTree during the 1st quarter valued at about $34,000. Integrated Wealth Concepts LLC bought a new position in shares of LendingTree during the 2nd quarter valued at about $42,000. Public Employees Retirement System of Ohio grew its position in shares of LendingTree by 123.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 4,227 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 2,336 shares during the period. Finally, State of Alaska Department of Revenue grew its position in shares of LendingTree by 55.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,323 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 3,325 shares during the period. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Trading Down 1.7%

NASDAQ:TREE opened at $25.39 on Thursday. LendingTree has a 1-year low of $23.50 and a 1-year high of $68.93. The business’s 50-day moving average price is $27.41 and its two-hundred day moving average price is $35.99. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $356.48 million, a price-to-earnings ratio of 1.97 and a beta of 2.04.

LendingTree (NASDAQ:TREE) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.73). The company had revenue of $313.42 million for 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%. LendingTree’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. On average, equities analysts expect that LendingTree will post 3.49 earnings per share for the current year.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that helps consumers compare and connect with providers of financial products. Through its digital platforms, the company facilitates shopping for mortgages, home equity loans, personal loans, business loans, credit cards, insurance and other consumer financial services.

The company generally earns revenue by connecting consumers with banks, lenders, insurers and other financial service providers. Its websites and tools are designed to provide product comparisons, educational content and lead-generation services, allowing consumers to evaluate available options and request offers from participating providers.

Founded in 1996 by Doug Lebda, LendingTree is headquartered in Charlotte, North Carolina, and primarily serves consumers and financial service providers in the United States.