Brokerages Set LendingTree, Inc. (NASDAQ:TREE) PT at $67.40

LendingTree, Inc. (NASDAQ:TREE) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $67.40.

Several research firms have recently issued reports on TREE. Keefe, Bruyette & Woods reduced their price target on LendingTree from $83.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. JPMorgan Chase & Co. began coverage on LendingTree in a research report on Tuesday, April 14th. They issued an “overweight” rating and a $50.00 price target on the stock. Wall Street Zen upgraded LendingTree from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, Needham & Company LLC reduced their price target on LendingTree from $85.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd.

LendingTree Stock Down 3.9%

NASDAQ:TREE opened at $48.38 on Thursday. LendingTree has a 12-month low of $32.65 and a 12-month high of $77.35. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $670.35 million, a P/E ratio of 4.51 and a beta of 2.13. The stock’s fifty day simple moving average is $42.63 and its 200-day simple moving average is $50.64.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Monday, March 2nd. The financial services provider reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($1.29). LendingTree had a return on equity of 12.44% and a net margin of 13.55%.The company had revenue of $310.92 million during the quarter, compared to the consensus estimate of $286.56 million. The business’s quarterly revenue was up 22.3% on a year-over-year basis. Equities research analysts expect that LendingTree will post 3.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TREE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in LendingTree by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,598 shares of the financial services provider’s stock worth $1,188,000 after acquiring an additional 1,222 shares in the last quarter. Cetera Investment Advisers lifted its holdings in LendingTree by 43.6% during the second quarter. Cetera Investment Advisers now owns 16,039 shares of the financial services provider’s stock worth $595,000 after acquiring an additional 4,871 shares in the last quarter. Legal & General Group Plc lifted its holdings in LendingTree by 12.7% during the second quarter. Legal & General Group Plc now owns 10,840 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 1,223 shares in the last quarter. Rhumbline Advisers lifted its holdings in LendingTree by 12.6% during the second quarter. Rhumbline Advisers now owns 16,754 shares of the financial services provider’s stock worth $621,000 after acquiring an additional 1,875 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in LendingTree by 9.3% during the second quarter. American Century Companies Inc. now owns 26,010 shares of the financial services provider’s stock worth $964,000 after acquiring an additional 2,217 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.