LendingTree (NASDAQ:TREE) Price Target Raised to $60.00

LendingTree (NASDAQ:TREE) had its price target lifted by Keefe, Bruyette & Woods from $45.00 to $60.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

TREE has been the topic of a number of other reports. Truist Financial restated a buy rating and set a $55.00 target price (up from $37.00) on shares of LendingTree in a research report on Wednesday. Needham & Company LLC raised 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 cut shares of LendingTree from a buy rating to a hold rating in a research report on Monday, March 25th. JPMorgan Chase & Co. raised their price target on LendingTree from $25.00 to $38.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. Finally, Oppenheimer upped their price objective on LendingTree from $45.00 to $55.00 and gave the company an outperform rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $48.50.

LendingTree Stock Performance

Shares of LendingTree stock opened at $49.41 on Wednesday. The firm has a 50 day simple moving average of $39.52 and a 200 day simple moving average of $29.88. LendingTree has a fifty-two week low of $10.12 and a fifty-two week high of $51.72. The company has a debt-to-equity ratio of 4.80, a current ratio of 3.71 and a quick ratio of 2.60. The firm has a market cap of $653.45 million, a P/E ratio of -4.76 and a beta of 2.10.

LendingTree (NASDAQ:TREE) last released its earnings results on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.14 by $0.14. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. The company had revenue of $134.40 million during the quarter, compared to analysts’ expectations of $135.55 million. During the same period last year, the firm earned ($0.53) EPS. Sell-side analysts predict that LendingTree will post -0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LendingTree

Several institutional investors and hedge funds have recently made changes to their positions in TREE. Tower Research Capital LLC TRC raised its holdings 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 worth $91,000 after acquiring an additional 1,321 shares during the period. Quest Partners LLC bought a new position in LendingTree in the fourth quarter valued at $103,000. SG Americas Securities LLC increased its stake in LendingTree by 109.9% in the 3rd quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider’s stock valued at $156,000 after buying an additional 5,276 shares during the last quarter. Olympiad Research LP boosted its stake in shares of LendingTree by 36.4% during the 3rd quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider’s stock worth $194,000 after buying an additional 3,336 shares during the last quarter. Finally, Bristlecone Advisors LLC bought a new position in shares of LendingTree in the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

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.