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MSFT   336.63 (+2.11%)
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TSLA   1,136.99 (+5.09%)
NVDA   333.76 (+5.95%)
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PFE   52.40 (-2.96%)
BA   198.50 (-0.36%)
S&P 500   4,655.27 (+1.32%)
DOW   35,135.94 (+0.68%)
QQQ   399.69 (+2.17%)
AAPL   160.24 (+2.19%)
MSFT   336.63 (+2.11%)
FB   338.03 (+1.47%)
GOOGL   2,910.61 (+2.35%)
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NVDA   333.76 (+5.95%)
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CGC   11.06 (-5.39%)
AMD   161.91 (+4.59%)
GE   98.40 (+0.57%)
MU   86.14 (+3.26%)
T   23.89 (-1.36%)
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DIS   147.81 (-0.20%)
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AMC   36.84 (-2.10%)
PFE   52.40 (-2.96%)
BA   198.50 (-0.36%)
S&P 500   4,655.27 (+1.32%)
DOW   35,135.94 (+0.68%)
QQQ   399.69 (+2.17%)
AAPL   160.24 (+2.19%)
MSFT   336.63 (+2.11%)
FB   338.03 (+1.47%)
GOOGL   2,910.61 (+2.35%)
AMZN   3,561.57 (+1.63%)
TSLA   1,136.99 (+5.09%)
NVDA   333.76 (+5.95%)
BABA   131.61 (-1.30%)
NIO   40.46 (+1.18%)
CGC   11.06 (-5.39%)
AMD   161.91 (+4.59%)
GE   98.40 (+0.57%)
MU   86.14 (+3.26%)
T   23.89 (-1.36%)
F   19.67 (-0.41%)
DIS   147.81 (-0.20%)
ACB   6.44 (-5.15%)
AMC   36.84 (-2.10%)
PFE   52.40 (-2.96%)
BA   198.50 (-0.36%)

LendingTree, Inc. (NASDAQ:TREE) Given Consensus Rating of "Buy" by Brokerages

Last updated on Friday, November 26, 2021 | 2021 MarketBeat

LendingTree, Inc. (NASDAQ:TREE) has been given a consensus recommendation of "Buy" by the eight analysts that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $286.88.

Several equities research analysts have recently weighed in on the stock. Stephens decreased their target price on shares of LendingTree from $365.00 to $265.00 and set an "overweight" rating for the company in a research note on Thursday, September 23rd. Truist Securities reduced their price objective on shares of LendingTree from $320.00 to $275.00 and set a "buy" rating for the company in a research report on Friday, October 29th. Oppenheimer reduced their price objective on shares of LendingTree from $275.00 to $240.00 and set an "outperform" rating for the company in a research report on Friday, October 29th. Finally, Truist reduced their price objective on shares of LendingTree from $320.00 to $275.00 and set a "buy" rating for the company in a research report on Friday, October 29th. They noted that the move was a valuation call.

Shares of LendingTree stock traded down $5.87 during trading hours on Friday, reaching $115.01. 11,438 shares of the company were exchanged, compared to its average volume of 298,769. The firm has a market cap of $1.53 billion, a PE ratio of 132.59 and a beta of 1.51. The stock's fifty day moving average is $144.03 and its 200 day moving average is $173.93. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.32 and a current ratio of 1.32. LendingTree has a 1 year low of $118.05 and a 1 year high of $372.64.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, October 28th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $1.31. LendingTree had a net margin of 1.22% and a negative return on equity of 0.62%. The company had revenue of $297.40 million during the quarter, compared to the consensus estimate of $292.57 million. During the same quarter in the prior year, the firm posted ($1.33) earnings per share. LendingTree's revenue for the quarter was up 35.0% on a year-over-year basis. Research analysts expect that LendingTree will post -3.27 earnings per share for the current year.

In other LendingTree news, insider Neil Salvage sold 4,153 shares of LendingTree stock in a transaction on Tuesday, November 2nd. The shares were sold at an average price of $148.00, for a total value of $614,644.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 16.70% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Lumbard & Kellner LLC increased its stake in LendingTree by 10.8% during the 3rd quarter. Lumbard & Kellner LLC now owns 1,995 shares of the financial services provider's stock worth $279,000 after buying an additional 195 shares during the period. Nia Impact Advisors LLC increased its position in shares of LendingTree by 122.4% in the 3rd quarter. Nia Impact Advisors LLC now owns 4,683 shares of the financial services provider's stock worth $655,000 after purchasing an additional 2,577 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of LendingTree by 129.6% in the 3rd quarter. Squarepoint Ops LLC now owns 42,749 shares of the financial services provider's stock worth $5,978,000 after purchasing an additional 24,127 shares during the last quarter. Twinbeech Capital LP bought a new stake in shares of LendingTree in the 3rd quarter worth about $1,456,000. Finally, Voloridge Investment Management LLC increased its position in shares of LendingTree by 640.9% in the 3rd quarter. Voloridge Investment Management LLC now owns 80,486 shares of the financial services provider's stock worth $11,254,000 after purchasing an additional 69,623 shares during the last quarter. 93.70% of the stock is currently owned by hedge funds and other institutional investors.

About LendingTree

LendingTree, Inc engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It operates through the following segments: Home, Consumer and Insurance. The Home segment consists of purchase mortgage, refinance mortgage, home equity loans and lines of credit and reverse mortgage loans and real estate.

Featured Story: Accumulation/Distribution

Analyst Recommendations for LendingTree (NASDAQ:TREE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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