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

LendingTree (NASDAQ:TREE) had its price objective upped by Oppenheimer from $45.00 to $55.00 in a research note issued to investors on Wednesday, Benzinga reports. Oppenheimer currently has an outperform rating on the financial services provider’s stock.

A number of other analysts have also commented on TREE. Needham & Company LLC boosted their target price on LendingTree from $40.00 to $56.00 and gave the company a buy rating in a research report on Tuesday. Susquehanna upped their target price on LendingTree from $15.00 to $27.00 and gave the stock a neutral rating in a research report on Wednesday, February 28th. Truist Financial increased their target price on LendingTree from $24.00 to $37.00 and gave the stock a buy rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their price target on shares of LendingTree from $25.00 to $38.00 and gave the company an overweight rating in a research note on Wednesday, February 28th. Finally, StockNews.com lowered shares of LendingTree from a buy rating to a hold rating in a research note on Monday, March 25th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, LendingTree presently has a consensus rating of Moderate Buy and a consensus price target of $45.00.

LendingTree Price Performance

Shares of TREE opened at $47.89 on Wednesday. The firm has a market cap of $633.58 million, a PE ratio of -4.61 and a beta of 2.09. LendingTree has a 52-week low of $10.12 and a 52-week high of $49.63. The business’s 50 day moving average price is $38.92 and its two-hundred day moving average price is $29.49. The company has a debt-to-equity ratio of 4.80, a quick ratio of 2.60 and a current ratio of 3.71.

LendingTree (NASDAQ:TREE) last issued its earnings results 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 for the quarter, compared to analyst estimates of $135.55 million. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. During the same period in the prior year, the firm earned ($0.53) earnings per share. On average, equities analysts anticipate that LendingTree will post -0.36 EPS for the current year.

Institutional Trading of LendingTree

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in LendingTree by 109.9% during the third quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 5,276 shares during the last quarter. Intellectus Partners LLC boosted its stake in shares of 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 last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of LendingTree by 13.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,727 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 3,864 shares in the last quarter. Olympiad Research LP increased its position in shares of LendingTree by 36.4% during the third quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 3,336 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in LendingTree during the third quarter worth $205,000. Institutional investors 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.