LendingTree (NASDAQ:TREE) Reaches New 52-Week High at $47.81

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $47.81 and last traded at $45.96, with a volume of 508195 shares traded. The stock had previously closed at $37.35.

Analysts Set New Price Targets

A number of research firms recently issued reports on TREE. Oppenheimer raised their price objective on shares of LendingTree from $25.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, January 8th. Susquehanna raised their price objective on shares of LendingTree from $15.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, February 28th. Needham & Company LLC raised their price objective on shares of LendingTree from $40.00 to $56.00 and gave the stock a "buy" rating in a report on Tuesday. StockNews.com downgraded shares of LendingTree from a "buy" rating to a "hold" rating in a report on Monday, March 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of LendingTree from $25.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, LendingTree currently has a consensus rating of "Moderate Buy" and an average target price of $38.86.

LendingTree Price Performance

The stock has a market cap of $629.44 million, a PE ratio of -5.12 and a beta of 2.19. The company has a debt-to-equity ratio of 4.23, a current ratio of 2.60 and a quick ratio of 2.60. The firm's 50 day moving average price is $38.66 and its two-hundred day moving average price is $29.36.

LendingTree (NASDAQ:TREE - Get Free Report) last posted its earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.14. LendingTree had a negative net margin of 18.20% and a negative return on equity of 4.22%. The firm had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.55 million. During the same quarter last year, the company earned ($0.53) earnings per share. On average, research analysts expect that LendingTree, Inc. will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On LendingTree

A number of large investors have recently modified their holdings of TREE. Shenkman Capital Management Inc. boosted its position in shares of LendingTree by 186.2% in the fourth quarter. Shenkman Capital Management Inc. now owns 343,440 shares of the financial services provider's stock valued at $10,413,000 after acquiring an additional 223,440 shares during the period. Blue Grotto Capital LLC bought a new position in shares of LendingTree in the fourth quarter valued at approximately $4,930,000. Kettle Hill Capital Management LLC bought a new position in shares of LendingTree in the fourth quarter valued at approximately $2,361,000. Alta Park Capital LP bought a new position in shares of LendingTree in the fourth quarter valued at approximately $2,297,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in LendingTree during the third quarter valued at approximately $1,031,000. 68.26% of the stock is currently owned by institutional investors.

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.