Oppenheimer Raises LendingTree (NASDAQ:TREE) Price Target to $55.00

LendingTree (NASDAQ:TREE) had its price objective lifted by stock analysts at Oppenheimer from $45.00 to $55.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s price target would indicate a potential upside of 11.49% from the stock’s previous close.

A number of other brokerages also recently weighed in on TREE. JPMorgan Chase & Co. boosted their price objective on shares of LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. StockNews.com downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a research report on Monday, March 25th. Truist Financial boosted their price objective 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. Susquehanna boosted their price objective on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, Needham & Company LLC upped their target price on shares of LendingTree from $40.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, LendingTree presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

LendingTree Stock Performance

TREE opened at $49.33 on Wednesday. The company has a 50-day moving average of $39.22 and a 200-day moving average of $29.62. LendingTree has a 1-year low of $10.12 and a 1-year high of $50.19. The company has a debt-to-equity ratio of 4.80, a current ratio of 3.71 and a quick ratio of 2.60.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Wealth Management LLC acquired a new stake in shares of LendingTree in the 4th quarter worth approximately $252,000. Acadian Asset Management LLC lifted its stake in shares of LendingTree by 21.2% in the 3rd quarter. Acadian Asset Management LLC now owns 90,014 shares of the financial services provider’s stock worth $1,393,000 after acquiring an additional 15,765 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of LendingTree by 26.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider’s stock worth $2,943,000 after acquiring an additional 39,745 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of LendingTree by 0.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 345,292 shares of the financial services provider’s stock worth $5,352,000 after acquiring an additional 2,952 shares during the period. Finally, Shenkman Capital Management Inc. acquired a new stake in shares of LendingTree in the 3rd quarter worth approximately $1,860,000. Institutional investors own 68.26% of the company’s stock.

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.