LendingTree, Inc. (TREE) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst sentiment is moderately positive: Four of six covering analysts rate LendingTree a buy, while two recommend holding; the average 12-month price target is $53.60.
• Several firms have cut price targets in recent reports, including Needham ($60 to $45), Truist ($70 to $65), and Keefe, Bruyette & Woods ($70 to $58), though they retained favorable ratings.
• LendingTree reported quarterly revenue of $343.6 million, up 11.6% year over year and above expectations, but posted a loss of $5.15 per share, substantially missing the $1.26 consensus estimate.

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) has received an average rating of "Moderate Buy" from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $53.60.

A number of research analysts have weighed in on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of LendingTree in a report on Monday, September 21st. Needham & Company LLC lowered their target price on LendingTree from $60.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Wall Street Zen upgraded LendingTree from a "hold" rating to a "buy" rating in a research report on Saturday. Truist Financial reduced their price target on LendingTree from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, November 4th. Finally, Keefe, Bruyette & Woods reduced their price target on LendingTree from $70.00 to $58.00 and set an "outperform" rating on the stock in a research note on Monday, July 13th.

Institutional Trading of LendingTree

A number of hedge funds and other institutional investors have recently modified their holdings of TREE. BlackRock Inc. purchased a new stake in LendingTree during the 2nd quarter valued at about $54,329,000. Punch & Associates Investment Management Inc. purchased a new position in LendingTree in the second quarter worth about $32,140,000. Jennison Associates LLC raised its holdings in LendingTree by 74.0% in the first quarter. Jennison Associates LLC now owns 1,020,211 shares of the financial services provider's stock worth $43,747,000 after buying an additional 434,038 shares during the last quarter. S Squared Technology LLC purchased a new position in LendingTree in the second quarter worth about $4,795,190. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of LendingTree by 33.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 274,366 shares of the financial services provider's stock worth $11,765,000 after buying an additional 68,466 shares in the last quarter. 68.26% of the stock is owned by hedge funds and other institutional investors.

LendingTree Stock Performance

NASDAQ:TREE opened at $37.01 on Monday. The company has a 50-day moving average price of $26.89 and a 200-day moving average price of $37.55. LendingTree has a 12 month low of $23.50 and a 12 month high of $68.93. The company has a current ratio of 1.57, a quick ratio of 1.85 and a debt-to-equity ratio of 1.29. The stock has a market cap of $519.62 million, a price-to-earnings ratio of 5.27 and a beta of 1.99.

LendingTree (NASDAQ:TREE - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported ($5.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($6.41). LendingTree had a net margin of 7.60% and a return on equity of 15.92%. The company had revenue of $343.59 million for the quarter, compared to analysts' expectations of $329.72 million. During the same quarter in the prior year, the firm earned $1.70 EPS. LendingTree's quarterly revenue was up 11.6% compared to the same quarter last year. Equities analysts predict that LendingTree will post 3.49 EPS for the current year.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that helps consumers compare financial products and services from a network of lenders, insurers and other providers. Its platform is designed to connect shoppers with potential offers based on their financial needs and preferences.

The company's marketplace includes products such as mortgages and other home loans, personal loans, business loans, auto loans, credit cards, insurance and deposit accounts. LendingTree also provides educational content, comparison tools and financial guidance intended to help consumers evaluate borrowing, insurance and saving options.

Founded in 1996 by Doug Lebda, LendingTree is headquartered in Charlotte, North Carolina, and primarily serves consumers in the United States.

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