LendingTree, Inc. (NASDAQ:TREE) Receives Average Rating of "Buy" from Analysts

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) has been given an average rating of "Buy" by the nine analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $64.13.

A number of equities analysts recently issued reports on TREE shares. JPMorgan Chase & Co. increased their target price on shares of LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Needham & Company LLC reduced their price target on shares of LendingTree from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Truist Financial lowered their price objective on shares of LendingTree from $72.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Keefe, Bruyette & Woods dropped their target price on LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Wall Street Zen downgraded LendingTree from a "buy" rating to a "hold" rating in a research report on Sunday, May 11th.

LendingTree Stock Performance

Shares of TREE traded up $0.12 during mid-day trading on Friday, reaching $37.07. 269,808 shares of the company's stock traded hands, compared to its average volume of 277,928. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.20 and a current ratio of 1.20. The business's 50-day moving average price is $38.78 and its 200-day moving average price is $42.05. The stock has a market capitalization of $501.56 million, a P/E ratio of -8.98 and a beta of 1.61. LendingTree has a 12 month low of $33.50 and a 12 month high of $62.49.

LendingTree (NASDAQ:TREE - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.25. LendingTree had a positive return on equity of 14.76% and a negative net margin of 5.67%. The firm had revenue of $239.70 million for the quarter, compared to the consensus estimate of $244.93 million. The company's revenue was up 42.8% compared to the same quarter last year. Equities analysts predict that LendingTree will post 0.48 earnings per share for the current year.

Insiders Place Their Bets

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 1,250 shares of LendingTree stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $36.24, for a total value of $45,300.00. Following the transaction, the general counsel owned 2,028 shares in the company, valued at approximately $73,494.72. The trade was a 38.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 23.40% of the company's stock.

Hedge Funds Weigh In On LendingTree

A number of hedge funds have recently modified their holdings of TREE. Marshall Wace LLP purchased a new stake in shares of LendingTree in the 4th quarter valued at approximately $956,000. Raymond James Financial Inc. acquired a new stake in shares of LendingTree in the fourth quarter worth $1,254,000. Deutsche Bank AG grew its holdings in shares of LendingTree by 280.6% during the fourth quarter. Deutsche Bank AG now owns 25,242 shares of the financial services provider's stock valued at $978,000 after buying an additional 18,610 shares in the last quarter. Barclays PLC grew its holdings in shares of LendingTree by 199.2% during the fourth quarter. Barclays PLC now owns 64,056 shares of the financial services provider's stock valued at $2,482,000 after buying an additional 42,647 shares in the last quarter. Finally, Man Group plc acquired a new position in LendingTree during the fourth quarter valued at $324,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

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.