LendingTree, Inc. (NASDAQ:TREE) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of LendingTree, Inc. (NASDAQ:TREE - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $36.57.

A number of brokerages have recently issued reports on TREE. Needham & Company LLC boosted their target price on shares of LendingTree from $17.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. Oppenheimer boosted their target price on shares of LendingTree from $25.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, January 8th. Truist Financial boosted their target price on shares of LendingTree from $24.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. StockNews.com downgraded LendingTree from a "buy" rating to a "hold" rating in a report on Monday, March 25th. Finally, JPMorgan Chase & Co. lifted their price objective on LendingTree from $25.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, February 28th.

LendingTree Trading Up 4.0 %

NASDAQ TREE traded up $1.47 on Friday, hitting $37.90. 113,252 shares of the stock were exchanged, compared to its average volume of 170,444. The firm has a market capitalization of $494.22 million, a P/E ratio of -4.02 and a beta of 2.19. LendingTree has a 52-week low of $10.12 and a 52-week high of $44.51. The company has a debt-to-equity ratio of 4.23, a quick ratio of 2.60 and a current ratio of 2.60. The stock has a fifty day moving average price of $38.36 and a two-hundred day moving average price of $28.93.

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

Hedge Funds Weigh In On LendingTree

A number of large investors have recently added to or reduced their stakes in TREE. Shenkman Capital Management Inc. raised its holdings in LendingTree by 186.2% in the fourth 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. Blue Grotto Capital LLC bought a new position in LendingTree in the fourth quarter worth about $4,930,000. Kettle Hill Capital Management LLC bought a new position in LendingTree in the fourth quarter worth about $2,361,000. Alta Park Capital LP bought a new position in LendingTree in the fourth quarter worth about $2,297,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in LendingTree in the third quarter worth about $1,031,000. 68.26% of the stock is currently owned by institutional investors.

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.