LendingTree, Inc. (NASDAQ:TREE) Receives $74.29 Consensus Target Price from Analysts

Shares of LendingTree, Inc. (NASDAQ:TREE) have been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $74.2857.

Several research analysts have recently weighed in on TREE shares. Wall Street Zen lowered shares of LendingTree from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th. Needham & Company LLC upped their price objective on LendingTree from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LendingTree in a research report on Monday, December 29th. Zacks Research lowered LendingTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Truist Financial increased their price target on LendingTree from $62.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 3rd.

Institutional Trading of LendingTree

A number of hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in LendingTree by 272.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 462 shares of the financial services provider’s stock valued at $30,000 after buying an additional 338 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of LendingTree during the third quarter worth approximately $35,000. Tower Research Capital LLC TRC grew its position in shares of LendingTree by 281.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,120 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 826 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of LendingTree by 25.2% during the second quarter. Ameritas Investment Partners Inc. now owns 1,141 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 230 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of LendingTree during the third quarter worth approximately $95,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Trading Up 4.3%

Shares of LendingTree stock opened at $67.17 on Tuesday. The stock has a market cap of $918.21 million, a P/E ratio of 66.51 and a beta of 2.08. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 2.93. LendingTree has a 12-month low of $33.50 and a 12-month high of $77.35. The business’s 50 day moving average is $54.28 and its 200-day moving average is $56.75.

LendingTree (NASDAQ:TREE) last released its earnings results on Thursday, October 30th. The financial services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.47. LendingTree had a net margin of 1.34% and a return on equity of 36.30%. The business had revenue of $290.62 million during the quarter, compared to analysts’ expectations of $278.36 million. During the same period last year, the business earned $0.80 earnings per share. The firm’s revenue was up 18.0% on a year-over-year basis. Equities research analysts predict that LendingTree will post 0.48 earnings per share for the current fiscal year.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.