LendingTree (NASDAQ:TREE) Given New $60.00 Price Target at Keefe, Bruyette & Woods

LendingTree (NASDAQ:TREE - Free Report) had its price objective boosted by Keefe, Bruyette & Woods from $45.00 to $60.00 in a research note released on Wednesday, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider's stock.

TREE has been the subject of a number of other reports. Susquehanna raised their price objective on LendingTree from $15.00 to $27.00 and gave the stock a neutral rating in a research report on Wednesday, February 28th. Truist Financial restated a buy rating and set a $55.00 price objective (up from $37.00) on shares of LendingTree in a research report on Wednesday. Needham & Company LLC raised their price objective on LendingTree from $40.00 to $56.00 and gave the stock a buy rating in a research report on Tuesday. StockNews.com lowered LendingTree from a buy rating to a hold rating in a research report on Monday, March 25th. Finally, JPMorgan Chase & Co. raised their price objective on LendingTree from $25.00 to $38.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $45.00.

LendingTree Trading Down 0.8 %

Shares of NASDAQ:TREE traded down $0.38 during midday trading on Wednesday, reaching $47.89. The company had a trading volume of 384,725 shares, compared to its average volume of 302,915. The company has a debt-to-equity ratio of 4.23, a quick ratio of 2.60 and a current ratio of 2.60. LendingTree has a 1-year low of $10.12 and a 1-year high of $49.63. The firm has a market cap of $633.58 million, a price-to-earnings ratio of -5.08 and a beta of 2.19. The company has a fifty day simple moving average of $38.92 and a two-hundred day simple moving average of $29.49.

LendingTree (NASDAQ:TREE - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.14. LendingTree had a negative return on equity of 4.22% and a negative net margin of 18.20%. The business had revenue of $134.40 million during the quarter, compared to analyst estimates of $135.55 million. During the same quarter last year, the company posted ($0.53) EPS. Research analysts predict that LendingTree will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On LendingTree

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its stake in shares of LendingTree by 0.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 345,292 shares of the financial services provider's stock worth $5,352,000 after purchasing an additional 2,952 shares in the last quarter. Shenkman Capital Management Inc. raised its stake in shares of LendingTree by 186.2% during the 4th quarter. Shenkman Capital Management Inc. now owns 343,440 shares of the financial services provider's stock worth $10,413,000 after purchasing an additional 223,440 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of LendingTree by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 227,302 shares of the financial services provider's stock worth $6,892,000 after purchasing an additional 11,753 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of LendingTree by 26.5% during the 3rd 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 in the last quarter. Finally, Blue Grotto Capital LLC bought a new position in shares of LendingTree in the 4th quarter valued at approximately $4,930,000. 68.26% of the stock is owned by hedge funds and other 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.