LendingTree, Inc. (NASDAQ:TREE) Given Consensus Rating of "Buy" by Analysts

Key Points

• LendingTree, Inc. has received a consensus rating of "Buy" from nine analysts, with one firm upgrading it to a "strong buy" rating.
• The average twelve-month price target for LendingTree's stock is approximately $65.38, reflecting positive analyst sentiment.
• The company reported a 19% year-over-year revenue increase with earnings per share of $1.13, surpassing analyst expectations.

Shares of LendingTree, Inc. (NASDAQ:TREE - Get Free Report) have been given a consensus recommendation of "Buy" by the nine ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $65.3750.

Several research firms recently commented on TREE. Wall Street Zen upgraded LendingTree from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 10th. Needham & Company LLC increased their target price on LendingTree from $62.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Truist Financial set a $62.00 target price on LendingTree and gave the stock a "buy" rating in a report on Monday, August 4th.

LendingTree Stock Performance

LendingTree stock opened at $63.52 on Friday. The stock's 50 day moving average price is $42.72 and its 200 day moving average price is $43.43. The firm has a market capitalization of $865.14 million, a PE ratio of -15.65 and a beta of 1.58. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.22 and a current ratio of 1.22. LendingTree has a one year low of $33.50 and a one year high of $65.42.

LendingTree (NASDAQ:TREE - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.09 by $0.04. LendingTree had a positive return on equity of 25.79% and a negative net margin of 5.33%. The business had revenue of $250.10 million for the quarter, compared to analysts' expectations of $244.03 million. The business's revenue for the quarter was up 19.0% on a year-over-year basis. As a group, sell-side analysts expect that LendingTree will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Heather Enlow-Novitsky sold 1,250 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $36.24, for a total value of $45,300.00. Following the sale, the general counsel directly owned 2,028 shares in the company, valued at $73,494.72. This trade represents a 38.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LendingTree

Several hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of LendingTree by 281.0% during the 2nd 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 period. G2 Investment Partners Management LLC increased its position in shares of LendingTree by 69.0% during the 2nd quarter. G2 Investment Partners Management LLC now owns 305,573 shares of the financial services provider's stock valued at $11,328,000 after purchasing an additional 124,806 shares during the period. Boothbay Fund Management LLC increased its position in shares of LendingTree by 66.9% during the 2nd quarter. Boothbay Fund Management LLC now owns 67,681 shares of the financial services provider's stock valued at $2,509,000 after purchasing an additional 27,129 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of LendingTree during the 2nd quarter valued at $1,149,000. Finally, Blue Grotto Capital LLC increased its position in shares of LendingTree by 27.3% during the 2nd quarter. Blue Grotto Capital LLC now owns 382,610 shares of the financial services provider's stock valued at $14,183,000 after purchasing an additional 82,131 shares during the period. 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.

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