LendingTree, Inc. (NASDAQ:TREE) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• LendingTree has a consensus “Moderate Buy” rating among seven analysts, with five buys and two holds. The average 12-month price target is $61.33, although several firms recently lowered their targets.
• Shares opened at $25.61, near their 52-week low of $25.55 and down substantially from the $77.11 high. The stock’s market capitalization is approximately $359.6 million.
• LendingTree reported quarterly EPS of $0.68, missing the $1.41 consensus estimate, while revenue of $313.4 million was slightly below expectations but increased 25.3% year over year. Institutional investors own 68.26% of the company.

Shares of LendingTree, Inc. (NASDAQ:TREE - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $61.3333.

TREE has been the subject of several research reports. Keefe, Bruyette & Woods dropped their target price on LendingTree from $70.00 to $58.00 and set an "outperform" rating for the company in a research report on Monday, July 13th. Truist Financial lowered their price objective on shares of LendingTree from $78.00 to $70.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Needham & Company LLC dropped their price objective on shares of LendingTree from $60.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Zacks Research downgraded shares of LendingTree from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 30th. Finally, Wall Street Zen upgraded shares of LendingTree from a "hold" rating to a "buy" rating in a report on Saturday, August 29th.

LendingTree Stock Down 1.6%

Shares of NASDAQ TREE opened at $25.61 on Friday. The firm has a market cap of $359.56 million, a price-to-earnings ratio of 1.99 and a beta of 2.05. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.20. LendingTree has a 52-week low of $25.55 and a 52-week high of $77.11. The business's 50 day moving average is $33.17 and its two-hundred day moving average is $38.40.

LendingTree (NASDAQ:TREE - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.73). The firm had revenue of $313.42 million for the quarter, compared to analysts' expectations of $315.56 million. LendingTree had a return on equity of 14.57% and a net margin of 14.33%.The company's quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.13 earnings per share. Research analysts predict that LendingTree will post 3.49 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new stake in LendingTree during the 2nd quarter worth about $42,000. IFP Advisors Inc boosted its stake in shares of LendingTree by 572.0% in the 2nd quarter. IFP Advisors Inc now owns 719 shares of the financial services provider's stock valued at $32,000 after buying an additional 612 shares during the period. Corient Private Wealth LP acquired a new position in shares of LendingTree during the second quarter worth about $1,239,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of LendingTree during the second quarter worth about $474,000. Finally, Empowered Funds LLC purchased a new stake in shares of LendingTree during the second quarter worth approximately $1,112,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

About LendingTree

LendingTree, Inc operates an online marketplace that helps consumers compare financial products and connect with banks, lenders, insurers and other service providers. The company generally acts as a marketing and comparison platform rather than as a direct lender, enabling users to review offers based on information they provide.

Its marketplace includes products such as mortgages and home equity financing, personal loans, auto loans, credit cards, small-business financing, insurance and deposit accounts.

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