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.
Analyst Upgrades and Downgrades
A number of analysts have commented on TREE shares. Truist Financial reduced their price target on LendingTree from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Friday, June 24th. Susquehanna reduced their price target on LendingTree from $180.00 to $160.00 in a research report on Friday, May 6th. Susquehanna Bancshares reduced their price target on LendingTree from $180.00 to $160.00 in a research report on Friday, May 6th. Needham & Company LLC reduced their price target on LendingTree from $62.00 to $54.00 and set a "buy" rating for the company in a research report on Friday, July 29th. Finally, Northland Securities cut LendingTree from an "outperform" rating to a "market perform" rating and set a $90.00 target price for the company. in a research report on Friday, May 6th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $148.50.
LendingTree Trading Down 10.3 %
Shares of TREE Stock traded down $4.35 on Friday, reaching $37.84. 339,992 shares of the company's stock were exchanged, compared to its average volume of 228,716. LendingTree has a 52 week low of $37.82 and a 52 week high of $174.32. 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 stock has a market capitalization of $483.07 million, a PE ratio of 22.00 and a beta of 1.65. The company's fifty day simple moving average is $46.98 and its 200 day simple moving average is $78.59.