LendingTree - TREE Stock Forecast, Price & News

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.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TREE. Susquehanna decreased their target price on shares of LendingTree from $180.00 to $160.00 in a research report on Friday, May 6th. William Blair reiterated an "outperform" rating on shares of LendingTree in a report on Friday, June 3rd. Northland Securities downgraded shares of 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. Susquehanna Bancshares cut their price target on shares of LendingTree from $180.00 to $160.00 in a report on Friday, May 6th. Finally, Truist Financial cut their price target on shares of LendingTree from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Friday, June 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $148.50.

LendingTree Price Performance

Shares of TREE Stock opened at $43.21 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 4.01 and a quick ratio of 1.18. The company has a market capitalization of $551.79 million, a P/E ratio of 25.12 and a beta of 1.65. The company's 50-day simple moving average is $50.34 and its two-hundred day simple moving average is $83.80. LendingTree has a one year low of $40.82 and a one year high of $189.55.

LendingTree (NASDAQ:TREE - Get Rating) last issued its earnings results on Thursday, May 5th. The financial services provider reported ($0.62) EPS for the quarter, topping analysts' consensus estimates of ($1.02) by $0.40. The business had revenue of $283.18 million for the quarter, compared to the consensus estimate of $283.65 million. LendingTree had a net margin of 2.23% and a negative return on equity of 9.08%. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS. As a group, equities analysts anticipate that LendingTree will post -4.76 EPS for the current year.

Insiders Place Their Bets

In other LendingTree news, Director Mark A. Ernst purchased 10,000 shares of the stock in a transaction dated Monday, May 9th. The stock was purchased at an average price of $65.67 per share, with a total value of $656,700.00. Following the transaction, the director now owns 10,000 shares of the company's stock, valued at $656,700. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 17.90% of the company's stock.