LendingTree, Inc., through its subsidiary, LT Intermediate Company, LLC, 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, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services. The Consumer segment provides credit cards; personal, small business, student, and auto loans; deposit accounts; and other credit products, such as credit repair and debt settlement services. The Insurance segment includes information, tools, and access to insurance quote products, including home and automobile, through which consumers are matched with insurance lead aggregators to obtain insurance offers. LendingTree, Inc. also operates Student Loan Hero, a personal finance website dedicated to helping student loan borrowers manage their student debt; QuoteWizard.com, a marketplace for insurance comparison; ValuePenguin, a personal finance website that offers consumers objective analysis on various financial topics from insurance to credit cards; and Stash, a consumer investing and banking platform that offers a suite of personal investment accounts, traditional and Roth IRAs, custodial investment accounts, and banking services, including checking accounts and debit cards with a Stock-Back rewards program. The company was formerly known as Tree.com, Inc. and changed its name to LendingTree, Inc. in January 2015. LendingTree, Inc. was incorporated in 1996 and is headquartered in Charlotte, North Carolina.
Wall Street Analysts Forecast Growth
TREE has been the subject of several recent analyst reports. Truist Financial decreased their target price on LendingTree from $185.00 to $130.00 and set a "buy" rating for the company in a research note on Friday, June 24th. Northland Securities lowered LendingTree from an "outperform" rating to a "market perform" rating and set a $90.00 price target on the stock. in a report on Friday, May 6th. William Blair reissued an "outperform" rating on shares of LendingTree in a research report on Friday, June 3rd. Susquehanna Bancshares reduced their price target on LendingTree from $180.00 to $160.00 in a research report on Friday, May 6th. Finally, Susquehanna reduced their target price on LendingTree from $180.00 to $160.00 in a research report on Friday, May 6th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, LendingTree has an average rating of "Moderate Buy" and a consensus target price of $148.50.
LendingTree Stock Performance
LendingTree stock traded down $1.27 during trading on Tuesday, reaching $45.76. The company had a trading volume of 14 shares, compared to its average volume of 234,926. LendingTree has a 52 week low of $40.82 and a 52 week high of $186.81. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $584.36 million, a price-to-earnings ratio of 27.34 and a beta of 1.65. The firm's 50-day simple moving average is $49.99 and its 200 day simple moving average is $82.89.