LendingTree (NASDAQ:TREE) Sets New 52-Week High at $52.37

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $52.37 and last traded at $52.37, with a volume of 37149 shares changing hands. The stock had previously closed at $49.41.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of LendingTree from a "hold" rating to a "buy" rating in a research note on Thursday. Keefe, Bruyette & Woods increased their price objective on LendingTree from $45.00 to $60.00 and gave the company an "outperform" rating in a report on Wednesday, May 1st. Truist Financial reiterated a "buy" rating and issued a $55.00 price target (up previously from $37.00) on shares of LendingTree in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price objective on shares of LendingTree from $25.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, February 28th. Finally, Needham & Company LLC increased their target price on shares of LendingTree from $40.00 to $56.00 and gave the stock a "buy" rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $48.50.

LendingTree Price Performance

The company's 50 day simple moving average is $39.84 and its 200 day simple moving average is $30.40. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 4.80. The stock has a market capitalization of $663.88 million, a PE ratio of -4.83 and a beta of 2.10.

LendingTree (NASDAQ:TREE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.14. The company had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.55 million. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. During the same quarter in the prior year, the company posted ($0.53) EPS. On average, equities analysts anticipate that LendingTree, Inc. will post -0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC increased its position in shares of LendingTree by 109.9% during the third quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider's stock worth $156,000 after acquiring an additional 5,276 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in LendingTree by 13.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,727 shares of the financial services provider's stock worth $492,000 after purchasing an additional 3,864 shares during the last quarter. Olympiad Research LP boosted its holdings in LendingTree by 36.4% in the third quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider's stock worth $194,000 after purchasing an additional 3,336 shares during the period. Principal Financial Group Inc. bought a new stake in LendingTree during the third quarter valued at $205,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of LendingTree by 26.5% during the third quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider's stock worth $2,943,000 after purchasing an additional 39,745 shares during the period. Institutional investors and hedge funds own 68.26% of the company's stock.

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.