Brokerages Set LendingTree, Inc. (NASDAQ:TREE) Target Price at $36.57

Shares of LendingTree, Inc. (NASDAQ:TREE) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $38.86.

A number of equities research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of LendingTree from $24.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods upgraded shares of LendingTree from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $24.00 to $45.00 in a research note on Wednesday, February 28th. Needham & Company LLC lifted their price objective on shares of LendingTree from $40.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com lowered shares of LendingTree from a “buy” rating to a “hold” rating in a research note on Monday, March 25th. Finally, Susquehanna lifted their price objective on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th.

Institutional Trading of LendingTree

A number of institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its holdings in shares of LendingTree by 78.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 1,321 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of LendingTree in the fourth quarter valued at about $103,000. Bristlecone Advisors LLC purchased a new stake in shares of LendingTree in the fourth quarter valued at about $201,000. Cornerstone Wealth Management LLC purchased a new stake in shares of LendingTree in the fourth quarter valued at about $252,000. Finally, SG Americas Securities LLC lifted its holdings in shares of LendingTree by 109.9% in the third quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 5,276 shares in the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.

LendingTree Price Performance

LendingTree stock opened at $48.27 on Friday. The stock has a market cap of $629.44 million, a P/E ratio of -5.12 and a beta of 2.19. The company has a fifty day simple moving average of $38.66 and a 200-day simple moving average of $29.36. LendingTree has a 12-month low of $10.12 and a 12-month high of $49.63. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 4.23.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.14. The business had revenue of $134.40 million during the quarter, compared to analysts’ expectations of $135.55 million. LendingTree had a negative net margin of 18.20% and a negative return on equity of 4.22%. During the same period in the previous year, the company earned ($0.53) EPS. Equities analysts expect that LendingTree will post -0.36 EPS for the current fiscal year.

About LendingTree

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.