LendingTree (NASDAQ:TREE) Given New $55.00 Price Target at Oppenheimer

LendingTree (NASDAQ:TREE) had its price target lifted by Oppenheimer from $45.00 to $55.00 in a research note released on Wednesday, Benzinga reports. Oppenheimer currently has an outperform rating on the financial services provider’s stock.

TREE has been the subject of several other reports. StockNews.com downgraded LendingTree from a buy rating to a hold rating in a report on Monday, March 25th. JPMorgan Chase & Co. raised their price target on shares of LendingTree from $25.00 to $38.00 and gave the company an overweight rating in a research report on Wednesday, February 28th. Truist Financial boosted their price objective on shares of LendingTree from $24.00 to $37.00 and gave the stock a buy rating in a report on Wednesday, February 28th. Keefe, Bruyette & Woods upgraded LendingTree from a market perform rating to an outperform rating and increased their target price for the company from $24.00 to $45.00 in a research note on Wednesday, February 28th. Finally, Needham & Company LLC lifted their target price on LendingTree from $40.00 to $56.00 and gave the stock a buy rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $45.00.

LendingTree Price Performance

Shares of TREE opened at $47.89 on Wednesday. LendingTree has a fifty-two week low of $10.12 and a fifty-two week high of $49.63. The firm’s 50-day simple moving average is $38.92 and its two-hundred day simple moving average is $29.49. The stock has a market cap of $633.58 million, a PE ratio of -4.61 and a beta of 2.09. The company has a debt-to-equity ratio of 4.80, a quick ratio of 2.60 and a current ratio of 3.71.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.14. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. The firm had revenue of $134.40 million for the quarter, compared to analysts’ expectations of $135.55 million. During the same period in the previous year, the firm posted ($0.53) EPS. Analysts anticipate that LendingTree will post -0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LendingTree

A number of large investors have recently added to or reduced their stakes in TREE. Shenkman Capital Management Inc. lifted its holdings in shares of LendingTree by 186.2% during the 4th quarter. Shenkman Capital Management Inc. now owns 343,440 shares of the financial services provider’s stock valued at $10,413,000 after buying an additional 223,440 shares during the period. Blue Grotto Capital LLC purchased a new stake in LendingTree during the fourth quarter valued at $4,930,000. Kettle Hill Capital Management LLC bought a new position in LendingTree in the fourth quarter valued at about $2,361,000. Alta Park Capital LP purchased a new position in LendingTree in the fourth quarter worth about $2,297,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in LendingTree in the third quarter worth about $1,031,000. Institutional investors own 68.26% of the company’s stock.

LendingTree Company Profile

LendingTree, Inc, through its subsidiary, 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, and home equity loans and lines of credit; and real estate brokerage services.