LendingTree (TREE) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LendingTree in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TREE shares.
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8 Wall Street analysts have issued 1 year price targets for LendingTree's shares. Their TREE share price forecasts range from $17.00 to $48.00. On average, they expect the company's stock price to reach $34.75 in the next year. This suggests a possible upside of 87.8% from the stock's current price.
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LendingTree's stock was trading at $21.33 at the beginning of the year. Since then, TREE stock has decreased by 13.3% and is now trading at $18.50.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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LendingTree, Inc. (NASDAQ:TREE) issued its quarterly earnings results on Monday, February, 27th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.72. The financial services provider had revenue of $202.10 million for the quarter, compared to analyst estimates of $208.13 million. LendingTree had a negative net margin of 18.14% and a negative trailing twelve-month return on equity of 16.17%. The business's quarterly revenue was down 21.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.23) earnings per share.

ETFs with the largest weight of LendingTree (NASDAQ:TREE) stock in their portfolio include Invesco S&P SmallCap 600 Pure Value ETF (RZV), Global X E-Commerce ETF (EBIZ), Amplify Inflation Fighter ETF (IWIN), Invesco S&P SmallCap Financials ETF (PSCF), Global X FinTech Thematic ETF (FINX), Global X Millennial Consumer ETF (MILN), AdvisorShares Dorsey Wright Short ETF (DWSH).

LendingTree updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $190.00 million-$200.00 million, compared to the consensus revenue estimate of $244.27 million.

99 employees have rated LendingTree Chief Executive Officer Doug Lebda on Glassdoor.com. Doug Lebda has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other LendingTree investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), PayPal (PYPL), Tesla (TSLA), Micron Technology (MU), Block (SQ), Salesforce (CRM), Walt Disney (DIS) and Mastercard (MA).

LendingTree trades on the NASDAQ under the ticker symbol "TREE."

LendingTree's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (18.04%), Baillie Gifford & Co. (4.38%), American Century Companies Inc. (2.38%), Federated Hermes Inc. (2.09%), Dimensional Fund Advisors LP (1.90%) and Geode Capital Management LLC (1.73%). Insiders that own company stock include Carla Shumate, Diego A Rodriguez, Douglas R Lebda, G Kennedy Thompson, Jill Olmstead, Mark A Ernst, Neil Salvage and Robin Henderson.
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Shares of TREE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TREE stock can currently be purchased for approximately $18.50.

LendingTree (NASDAQ:TREE) has a market capitalization of $238.84 million and generates $984.99 million in revenue each year. The financial services provider earns $-187,950,000.00 in net income (profit) each year or ($12.84) on an earnings per share basis.

The company employs 1,253 workers across the globe.

LendingTree's mailing address is 11115 RUSHMORE DRIVE, CHARLOTTE NC, 28277. The official website for the company is www.lendingtree.com. The financial services provider can be reached via phone at (704) 541-5351, via email at investors@lendingtree.com, or via fax at 704-541-5352.