LendingTree, Inc. (NASDAQ:TREE – Get Rating) has received an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month objective price among brokerages that have covered the stock in the last year is $100.13.
Several research firms have commented on TREE. Susquehanna dropped their target price on LendingTree from $160.00 to $59.00 and set a “maintains” rating for the company in a research report on Friday, July 29th. William Blair reiterated an “outperform” rating on shares of LendingTree in a research report on Friday, June 3rd. Truist Financial dropped their target price on LendingTree from $130.00 to $80.00 and set a “maintains” rating for the company in a research report on Friday, July 29th. Oppenheimer lowered their price objective on LendingTree from $120.00 to $55.00 and set a “maintains” rating for the company in a research report on Friday, July 29th. Finally, Northland Securities downgraded LendingTree from an “outperform” rating to a “market perform” rating and set a $90.00 price objective for the company. in a research report on Friday, May 6th.
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In other LendingTree news, Director Mark A. Ernst bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was acquired at an average price of $65.67 per share, with a total value of $656,700.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $656,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.90% of the stock is currently owned by insiders.
Institutional Investors Weigh In On LendingTree
Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in LendingTree by 2.2% during the first quarter. Vanguard Group Inc. now owns 1,260,887 shares of the financial services provider’s stock worth $150,890,000 after purchasing an additional 26,934 shares during the period. Assenagon Asset Management SA grew its stake in LendingTree by 45.3% in the second quarter. Assenagon Asset Management SA now owns 228,675 shares of the financial services provider’s stock valued at $10,021,000 after acquiring an additional 71,250 shares during the period. Bernzott Capital Advisors grew its stake in LendingTree by 38.3% in the first quarter. Bernzott Capital Advisors now owns 217,358 shares of the financial services provider’s stock valued at $26,011,000 after acquiring an additional 60,154 shares during the period. invesco ltd its stake in LendingTree grew by 1.8% in the fourth quarter. invesco ltd now owns 187,258 shares of the financial services provider’s stock valued at $22,958,000 after acquiring an additional 3,303 shares during the period. Finally, Rubric Capital Management LP acquired a new stake in LendingTree in the fourth quarter valued at approximately $20,751,000. Institutional investors and hedge funds own 86.31% of the company’s stock.
Lending Tree Stock Performance
NASDAQ:TREE opened at $43.04 on Wednesday. The stock’s 50-day simple moving average is $51.28 and its 200 day simple moving average is $85.70. The firm has a market capitalization of $549.62 million, a PE ratio of 25.02 and a beta of 1.65. The company has a quick ratio of 1.18, a current ratio of 4.01 and a debt-to-equity ratio of 2.32. LendingTree has a twelve month low of $40.82 and a twelve month high of $199.21.
LendingTree (NASDAQ:TREE – Get Rating) last posted its earnings results on Thursday, May 5th. The financial services provider reported ($0.62) EPS for the quarter, beating the consensus estimate of ($1.02) by $0.40. The firm had revenue of $283.18 million during the quarter, compared to the consensus estimate of $283.65 million. LendingTree had a negative return on equity of 9.08% and a net margin of 2.23%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. On average, analysts anticipate that LendingTree will post -3.79 EPS for the current fiscal year.
LendingTree Company Profile
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.
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