LendingTree, Inc. (NASDAQ:TREE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of LendingTree, Inc. (NASDAQ:TREEGet Free Report) have earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $31.25.

TREE has been the subject of a number of analyst reports. Oppenheimer upped their price objective on LendingTree from $25.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. Truist Financial decreased their price target on LendingTree from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Needham & Company LLC decreased their price target on LendingTree from $27.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. StockNews.com cut LendingTree from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, Susquehanna decreased their price target on LendingTree from $23.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st.

Get Our Latest Stock Analysis on TREE

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Bank of Montreal Can lifted its position in LendingTree by 5.1% during the first quarter. Bank of Montreal Can now owns 3,533 shares of the financial services provider’s stock worth $434,000 after buying an additional 173 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of LendingTree by 59.1% in the second quarter. Captrust Financial Advisors now owns 719 shares of the financial services provider’s stock valued at $32,000 after buying an additional 267 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of LendingTree by 4.2% in the third quarter. Thrivent Financial for Lutherans now owns 11,235 shares of the financial services provider’s stock valued at $268,000 after buying an additional 449 shares in the last quarter. Legal & General Group Plc grew its stake in shares of LendingTree by 1.9% in the fourth quarter. Legal & General Group Plc now owns 26,753 shares of the financial services provider’s stock valued at $571,000 after buying an additional 491 shares in the last quarter. Finally, Credit Suisse AG grew its stake in shares of LendingTree by 3.5% in the third quarter. Credit Suisse AG now owns 15,288 shares of the financial services provider’s stock valued at $364,000 after buying an additional 523 shares in the last quarter. 70.22% of the stock is owned by institutional investors and hedge funds.

LendingTree Trading Up 2.0 %

Shares of NASDAQ TREE opened at $36.69 on Tuesday. The company has a debt-to-equity ratio of 6.10, a current ratio of 3.76 and a quick ratio of 3.76. The stock has a market capitalization of $476.97 million, a P/E ratio of -3.27 and a beta of 2.16. LendingTree has a 1-year low of $10.12 and a 1-year high of $45.06. The business has a fifty day moving average price of $29.51 and a 200 day moving average price of $21.05.

About LendingTree

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LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, 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, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.

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Analyst Recommendations for LendingTree (NASDAQ:TREE)

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