LendingTree (NASDAQ:TREE) Price Target Raised to $56.00

LendingTree (NASDAQ:TREE) had its target price raised by equities research analysts at Needham & Company LLC from $40.00 to $56.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Needham & Company LLC’s price objective suggests a potential upside of 16.93% from the stock’s current price.

TREE has been the topic of a number of other reports. StockNews.com downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a report on Monday, March 25th. Keefe, Bruyette & Woods raised LendingTree from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $24.00 to $45.00 in a research note on Wednesday, February 28th. Susquehanna lifted their target price on LendingTree from $15.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. increased their price target on LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, Truist Financial raised their price target on LendingTree from $24.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, LendingTree has an average rating of “Moderate Buy” and a consensus target price of $45.00.

LendingTree Stock Performance

NASDAQ TREE opened at $47.89 on Tuesday. The company has a debt-to-equity ratio of 4.23, a current ratio of 2.60 and a quick ratio of 2.60. LendingTree has a 1-year low of $10.12 and a 1-year high of $49.63. The business has a 50 day simple moving average of $38.92 and a two-hundred day simple moving average of $29.49. The stock has a market capitalization of $633.58 million, a PE ratio of -5.08 and a beta of 2.19.

LendingTree (NASDAQ:TREE) last posted its earnings results on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. The firm had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.55 million. LendingTree had a negative return on equity of 4.22% and a negative net margin of 18.20%. During the same period in the prior year, the company earned ($0.53) EPS. On average, research analysts predict that LendingTree will post -0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On LendingTree

Hedge funds and other institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in LendingTree by 1.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,280 shares of the financial services provider’s stock valued at $979,000 after acquiring an additional 553 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of LendingTree by 78.9% during 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 during the period. Qube Research & Technologies Ltd boosted its stake in shares of LendingTree by 1.4% during the third quarter. Qube Research & Technologies Ltd now owns 116,481 shares of the financial services provider’s stock valued at $1,805,000 after purchasing an additional 1,568 shares during the period. Hsbc Holdings PLC grew its holdings in shares of LendingTree by 8.9% in the fourth quarter. Hsbc Holdings PLC now owns 23,862 shares of the financial services provider’s stock worth $729,000 after purchasing an additional 1,957 shares during the last quarter. Finally, Intellectus Partners LLC increased its stake in LendingTree by 14.6% in the 3rd quarter. Intellectus Partners LLC now owns 16,050 shares of the financial services provider’s stock worth $249,000 after buying an additional 2,050 shares during the period. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

LendingTree Company Profile

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.