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

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) has been assigned an average rating of "Buy" from the nine ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $64.13.

A number of equities analysts have weighed in on TREE shares. JPMorgan Chase & Co. upped their price target on LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. Keefe, Bruyette & Woods decreased their target price on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Northland Securities raised shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price target on the stock in a research report on Tuesday, January 21st. Stephens restated an "overweight" rating and issued a $69.00 price objective on shares of LendingTree in a report on Thursday, March 6th. Finally, Truist Financial dropped their target price on LendingTree from $72.00 to $60.00 and set a "buy" rating on the stock in a report on Monday.

Insiders Place Their Bets

In other news, COO Scott Peyree purchased 9,794 shares of LendingTree stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $46.13 per share, for a total transaction of $451,797.22. Following the purchase, the chief operating officer now directly owns 97,566 shares of the company's stock, valued at $4,500,719.58. This trade represents a 11.16 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 23.10% of the company's stock.

Hedge Funds Weigh In On LendingTree

A number of hedge funds have recently bought and sold shares of the business. New Age Alpha Advisors LLC acquired a new position in shares of LendingTree during the 4th quarter worth approximately $36,000. Tower Research Capital LLC TRC increased its stake in LendingTree by 248.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock worth $46,000 after acquiring an additional 848 shares during the period. Wealthfront Advisers LLC acquired a new position in LendingTree in the 4th quarter valued at $54,000. CANADA LIFE ASSURANCE Co bought a new stake in shares of LendingTree during the 4th quarter valued at $56,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of LendingTree during the 4th quarter worth $70,000. 68.26% of the stock is owned by institutional investors.

LendingTree Stock Up 1.7 %

Shares of NASDAQ TREE opened at $37.53 on Thursday. LendingTree has a 1 year low of $34.55 and a 1 year high of $62.49. The firm's 50-day moving average is $46.78 and its 200-day moving average is $44.85. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The firm has a market capitalization of $507.97 million, a PE ratio of -13.90 and a beta of 1.76.

LendingTree (NASDAQ:TREE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.25. The business had revenue of $239.70 million during the quarter, compared to analysts' expectations of $244.93 million. LendingTree had a positive return on equity of 0.51% and a negative net margin of 4.72%. LendingTree's revenue for the quarter was up 42.8% on a year-over-year basis. Equities analysts expect that LendingTree will post 0.48 EPS for the current year.

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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