LendingTree (NASDAQ:TREE - Free Report) had its price target increased by Needham & Company LLC from $40.00 to $56.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the financial services provider's stock.
TREE has been the subject of a number of other reports. Oppenheimer upped their price target on shares of LendingTree from $25.00 to $45.00 and gave the stock an outperform rating in a research report on Monday, January 8th. Keefe, Bruyette & Woods raised shares of LendingTree from a market perform rating to an outperform rating and upped their price target for the stock from $24.00 to $45.00 in a research report on Wednesday, February 28th. JPMorgan Chase & Co. upped their price objective on shares of LendingTree from $25.00 to $38.00 and gave the company an overweight rating in a research report on Wednesday, February 28th. StockNews.com cut shares of LendingTree from a buy rating to a hold rating in a research report on Monday, March 25th. Finally, Truist Financial upped their price objective on shares of LendingTree from $24.00 to $37.00 and gave the company a buy rating in a research report 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. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $38.86.
View Our Latest Report on LendingTree
LendingTree Trading Up 29.2 %
Shares of NASDAQ TREE traded up $10.92 during trading on Tuesday, hitting $48.27. 1,427,199 shares of the company traded hands, compared to its average volume of 301,530. LendingTree has a 1 year low of $10.12 and a 1 year high of $49.63. The company has a 50-day moving average price of $38.38 and a 200-day moving average price of $29.10. The firm has a market capitalization of $629.44 million, a P/E ratio of -4.99 and a beta of 2.19. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 4.23.
LendingTree (NASDAQ:TREE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating 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 company had revenue of $134.40 million during the quarter, compared to analysts' expectations of $135.55 million. During the same period in the previous year, the company earned ($0.53) EPS. On average, equities analysts predict that LendingTree will post -0.36 EPS for the current year.
Institutional Investors Weigh In On LendingTree
Several institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its stake in shares of LendingTree by 78.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 1,321 shares during the period. Quest Partners LLC acquired a new stake in shares of LendingTree in the fourth quarter valued at approximately $103,000. SG Americas Securities LLC increased its stake in shares of LendingTree by 109.9% in the third quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider's stock valued at $156,000 after purchasing an additional 5,276 shares during the period. Olympiad Research LP increased its stake in shares of LendingTree by 36.4% in the third quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider's stock valued at $194,000 after purchasing an additional 3,336 shares during the period. Finally, Bristlecone Advisors LLC acquired a new stake in shares of LendingTree in the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 68.26% of the company's stock.
LendingTree Company Profile
(
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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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