LendingTree, Inc. (NASDAQ:TREE) Receives $100.13 Average Price Target from Analysts

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LendingTree, Inc. (NASDAQ:TREE) Receives 0.13 Average Price Target from Analysts
LendingTree, Inc. (NASDAQ:TREE) Receives 0.13 Average Price Target from Analysts


LendingTree, Inc. (NASDAQ:TREE – Get Rating) has been given an average recommendation of “Moderate Buy” by the ten research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month objective price among brokerages that have issued ratings on the stock in the last year is $148.50.

A number of equities analysts have recently commented on TREE shares. Truist Financial reduced their price objective on shares of LendingTree from $185.00 to $130.00 and set a “buy” rating for the company in a report on Friday, June 24th. Needham & Company LLC lowered their price objective on LendingTree from $62.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. 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 research note on Friday, May 6th. Susquehanna Bancshares lowered their price target on LendingTree from $180.00 to $160.00 in a research report on Friday, May 6th. Finally, Susquehanna cut their price objective on LendingTree from $180.00 to $160.00 in a report on Friday, May 6th.

LendingTree Trading Down 1.2%

Shares of TREE opened at $43.21 on Wednesday. The stock’s 50-day moving average price is $50.34 and its 200-day moving average price is $84.11. 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 12-month low of $40.82 and a 12-month high of $189.55. The firm has a market capitalization of $551.62 million, a price-to-earnings ratio of 25.12 and a beta of 1.65.

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, beating analysts’ consensus estimates of ($1.02) by $0.40. LendingTree had a negative return on equity of 9.08% and a net margin of 2.23%. The business had revenue of $283.18 million during the quarter, compared to analyst estimates of $283.65 million. During the same period in the prior year, the company posted $0.18 earnings per share. LendingTree’s revenue was up 3.8% on a year-over-year basis. As a group, research analysts predict that LendingTree will post -4.76 earnings per share for the current year.

Insider Activity at LendingTree

In related news, Director Mark A. Ernst bought 10,000 shares of LendingTree stock in a transaction dated Monday, May 9th. The shares were bought at an average cost of $65.67 per share, for a total transaction of $656,700.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $656,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LendingTree

A number of institutional investors and hedge funds have recently made changes to their positions in TREE. Teachers Retirement System of The State of Kentucky raised its holdings in LendingTree by 208.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 3,300 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 2,230 shares during the last quarter. Mcmorgan & Co. LLC lifted its holdings in LendingTree by 28.4% in the fourth quarter. Mcmorgan & Co. LLC now owns 8,813 shares of the financial services provider’s stock valued at $1,080,000 after buying an additional 1,950 shares during the period. Kamunting Street Capital Management LP bought a new position in LendingTree in the fourth quarter valued at approximately $613,000. Renaissance Technologies LLC grew its holdings in LendingTree by 121.4% during the 4th quarter. Renaissance Technologies LLC now owns 119,800 shares of the financial services provider’s stock worth $14,687,000 after acquiring an additional 65,700 shares during the period. Finally, Davidson Kempner Capital Management LP bought a new stake in shares of LendingTree during the 4th quarter valued at $6,130,000. Institutional investors own 86.31% of the company’s stock.

About LendingTree

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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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LendingTree, Inc. (NASDAQ:TREE) Receives 0.13 Average Price Target from Analysts

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2022-08-06 06:29:37

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