LendingTree (NASDAQ:TREE) Given Buy Rating at Truist Financial

LendingTree (NASDAQ:TREE - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Truist Financial in a research note issued on Wednesday, Benzinga reports. They currently have a $55.00 target price on the financial services provider's stock, up from their prior target price of $37.00. Truist Financial's price objective would indicate a potential upside of 14.85% from the stock's previous close.

TREE has been the topic of a number of other reports. JPMorgan Chase & Co. upped their price target on LendingTree from $25.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 28th. Oppenheimer upped their price target on LendingTree from $45.00 to $55.00 and gave the stock an "outperform" rating in a research report on Wednesday. StockNews.com downgraded LendingTree from a "buy" rating to a "hold" rating in a research report on Monday, March 25th. Susquehanna upped their price target on LendingTree from $15.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods raised LendingTree from a "market perform" rating to an "outperform" rating and upped their target price for the company from $24.00 to $45.00 in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $45.00.

LendingTree Stock Down 0.8 %

LendingTree stock traded down $0.38 during mid-day trading on Wednesday, reaching $47.89. 384,725 shares of the company were exchanged, compared to its average volume of 302,915. The business has a fifty day moving average of $38.92 and a 200 day moving average of $29.49. 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 firm has a market cap of $633.58 million, a P/E ratio of -5.08 and a beta of 2.19. LendingTree has a 12-month low of $10.12 and a 12-month high of $49.63.

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

Hedge Funds Weigh In On LendingTree

Several hedge funds have recently made changes to their positions in the company. Shenkman Capital Management Inc. grew its position in 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 during the period. Blue Grotto Capital LLC acquired a new stake in LendingTree during the 4th quarter worth about $4,930,000. Kettle Hill Capital Management LLC acquired a new stake in LendingTree during the 4th quarter worth about $2,361,000. Alta Park Capital LP acquired a new stake in LendingTree during the 4th quarter worth about $2,297,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in LendingTree during the 3rd quarter worth about $1,031,000. 68.26% of the stock is owned by institutional investors and hedge funds.

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.