LendingTree, Inc. (NASDAQ:TREE) Receives $36.57 Average Price Target from Analysts

Shares of LendingTree, Inc. (NASDAQ:TREE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $36.57.

Several research firms recently commented on TREE. Susquehanna increased their price objective on LendingTree from $15.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. raised their target price on LendingTree from $25.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 28th. StockNews.com cut LendingTree from a "buy" rating to a "hold" rating in a research report on Monday, March 25th. Needham & Company LLC raised their target price on LendingTree from $17.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. Finally, Truist Financial raised their target price on LendingTree from $24.00 to $37.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th.

LendingTree Stock Up 2.1 %

Shares of NASDAQ:TREE traded up $0.85 on Wednesday, hitting $40.52. 214,188 shares of the company traded hands, compared to its average volume of 322,472. 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 has a 52 week low of $10.12 and a 52 week high of $44.51. The company has a market cap of $528.38 million, a PE ratio of -4.30 and a beta of 2.19. The stock has a 50 day simple moving average of $37.14 and a 200-day simple moving average of $26.12.

LendingTree (NASDAQ:TREE - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate 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 company had revenue of $134.40 million for the quarter, compared to analysts' expectations of $135.55 million. During the same period last year, the firm posted ($0.53) earnings per share. As a group, research analysts expect that LendingTree will post -0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its position in shares of LendingTree by 183.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,674 shares of the financial services provider's stock valued at $26,000 after buying an additional 1,084 shares in the last quarter. Captrust Financial Advisors raised its stake in LendingTree by 59.1% during the 2nd quarter. Captrust Financial Advisors now owns 719 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 267 shares during the period. PNC Financial Services Group Inc. raised its stake in LendingTree by 136.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,705 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 984 shares during the period. Point72 Asset Management L.P. bought a new stake in LendingTree during the 2nd quarter valued at approximately $42,000. Finally, Point72 Middle East FZE bought a new stake in LendingTree during the 4th quarter valued at approximately $42,000. 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.