LendingTree (NASDAQ:TREE) Price Target Lowered to $60.00 at Truist Financial

LendingTree (NASDAQ:TREE - Get Free Report) had its price target decreased by investment analysts at Truist Financial from $72.00 to $60.00 in a report issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the financial services provider's stock. Truist Financial's price target points to a potential upside of 54.88% from the stock's current price.

A number of other research firms have also commented on TREE. Northland Securities raised 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. JPMorgan Chase & Co. increased their price objective on shares of 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 cut their price objective on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Stephens reiterated an "overweight" rating and set a $69.00 target price on shares of LendingTree in a report on Thursday, March 6th. Finally, Northland Capmk upgraded LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, LendingTree presently has an average rating of "Buy" and an average target price of $64.13.

LendingTree Trading Down 0.6 %

Shares of TREE stock traded down $0.22 on Monday, reaching $38.74. The company had a trading volume of 499,424 shares, compared to its average volume of 259,567. The stock has a market cap of $524.35 million, a PE ratio of -14.35 and a beta of 1.76. The company has a 50-day moving average of $46.80 and a 200-day moving average of $44.61. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree has a 12 month low of $34.55 and a 12 month high of $62.49.

LendingTree (NASDAQ:TREE - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.74 by $0.25. LendingTree had a negative net margin of 4.72% and a positive return on equity of 0.51%. The firm had revenue of $239.70 million during the quarter, compared to the consensus estimate of $244.93 million. The business's revenue was up 42.8% compared to the same quarter last year. On average, equities analysts forecast that LendingTree will post 0.48 earnings per share for the current year.

Insider Activity

In other LendingTree news, COO Scott Peyree bought 9,794 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $46.13 per share, with a total value of $451,797.22. Following the acquisition, the chief operating officer now owns 97,566 shares of the company's stock, valued at $4,500,719.58. The trade was a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.10% of the company's stock.

Hedge Funds Weigh In On LendingTree

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC raised its holdings in LendingTree by 2,074.7% in the 4th quarter. Squarepoint Ops LLC now owns 107,998 shares of the financial services provider's stock valued at $4,185,000 after acquiring an additional 103,032 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of LendingTree by 127.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 166,575 shares of the financial services provider's stock valued at $6,455,000 after acquiring an additional 93,244 shares in the last quarter. AQR Capital Management LLC boosted its holdings in LendingTree by 70.6% in the 4th quarter. AQR Capital Management LLC now owns 131,404 shares of the financial services provider's stock valued at $5,092,000 after purchasing an additional 54,368 shares during the period. Barclays PLC grew its position in shares of LendingTree by 199.2% during the 4th quarter. Barclays PLC now owns 64,056 shares of the financial services provider's stock worth $2,482,000 after purchasing an additional 42,647 shares in the last quarter. Finally, Trexquant Investment LP increased its holdings in shares of LendingTree by 97.0% during the fourth quarter. Trexquant Investment LP now owns 81,308 shares of the financial services provider's stock worth $3,151,000 after purchasing an additional 40,038 shares during the period. 68.26% of the stock is owned by institutional investors.

LendingTree Company Profile

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.