LendingTree, Inc. (NASDAQ:TREE) Stock Has Consensus Price Target of $61.33

LendingTree, Inc. (NASDAQ:TREE) has received an average rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $61.33.

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LendingTree in a research note on Monday, September 21st. Wall Street Zen upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Truist Financial reduced their target price on shares of LendingTree from $78.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Needham & Company LLC decreased their price target on shares of LendingTree from $60.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Northland Securities set a $60.00 price target on shares of LendingTree in a research note on Thursday, July 30th.

LendingTree Price Performance

Shares of TREE opened at $24.62 on Friday. LendingTree has a 12-month low of $23.82 and a 12-month high of $71.17. The business has a 50-day simple moving average of $31.09 and a two-hundred day simple moving average of $37.74. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.20. The stock has a market cap of $345.66 million, a PE ratio of 1.91 and a beta of 2.05.

LendingTree (NASDAQ:TREE) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.73). LendingTree had a net margin of 14.33% and a return on equity of 14.57%. The firm had revenue of $313.42 million during the quarter, compared to the consensus estimate of $315.56 million. During the same quarter in the prior year, the business posted $1.13 earnings per share. LendingTree’s revenue for the quarter was up 25.3% compared to the same quarter last year. Analysts anticipate that LendingTree will post 3.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TREE. Mariner LLC lifted its holdings in LendingTree by 31.5% during the 4th quarter. Mariner LLC now owns 1,760,407 shares of the financial services provider’s stock worth $93,461,000 after buying an additional 421,826 shares during the period. BlackRock Inc. acquired a new stake in shares of LendingTree in the second quarter valued at about $54,329,000. Jennison Associates LLC increased its stake in shares of LendingTree by 74.0% in the first quarter. Jennison Associates LLC now owns 1,020,211 shares of the financial services provider’s stock valued at $43,747,000 after buying an additional 434,038 shares during the period. Punch & Associates Investment Management Inc. acquired a new stake in shares of LendingTree in the second quarter valued at about $32,140,000. Finally, Blue Grotto Capital LLC raised its position in shares of LendingTree by 64.3% during the fourth quarter. Blue Grotto Capital LLC now owns 584,931 shares of the financial services provider’s stock worth $31,054,000 after acquiring an additional 228,858 shares during the last quarter. 68.26% of the stock is owned by institutional investors.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that helps consumers compare financial products and connect with banks, lenders, insurers and other service providers. The company generally acts as a marketing and comparison platform rather than as a direct lender, enabling users to review offers based on information they provide.

Its marketplace includes products such as mortgages and home equity financing, personal loans, auto loans, credit cards, small-business financing, insurance and deposit accounts.