LendingTree (NASDAQ:TREE) Stock Gets Price Target Trim from JPMorgan Chase & Co.

LendingTree (NASDAQ:TREE) had its price target cut by JPMorgan Chase & Co. from $48.00 to $40.00 in a research report released on Wednesday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other equities research analysts have also commented on the stock. Needham & Company LLC reduced their price objective on shares of LendingTree from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Truist Financial lowered their target price on shares of LendingTree from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday. Northland Securities set a $60.00 price target on LendingTree in a report on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of LendingTree in a research report on Monday, September 21st. Finally, Keefe, Bruyette & Woods dropped their price objective on LendingTree from $70.00 to $58.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, LendingTree presently has an average rating of “Moderate Buy” and a consensus target price of $53.60.

LendingTree Trading Down 4.4%

NASDAQ:TREE traded down $1.72 during trading hours on Wednesday, hitting $37.01. 384,384 shares of the company were exchanged, compared to its average volume of 260,320. The stock has a market capitalization of $519.62 million, a price-to-earnings ratio of 5.27 and a beta of 1.99. LendingTree has a one year low of $23.50 and a one year high of $68.93. The company has a fifty day simple moving average of $26.89 and a 200 day simple moving average of $37.55. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.20.

LendingTree (NASDAQ:TREE) last announced its earnings results on Tuesday, November 3rd. The financial services provider reported ($5.15) EPS for the quarter, missing the consensus estimate of $1.26 by ($6.41). The company had revenue of $343.59 million during the quarter, compared to the consensus estimate of $329.72 million. LendingTree had a net margin of 14.33% and a return on equity of 14.57%. The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.70 earnings per share. Sell-side analysts expect that LendingTree will post 3.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. IFP Advisors Inc boosted its position in shares of LendingTree by 572.0% during the second quarter. IFP Advisors Inc now owns 719 shares of the financial services provider’s stock valued at $32,000 after buying an additional 612 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of LendingTree in the second quarter valued at about $42,000. Asset Management One Co. Ltd. raised its holdings in shares of LendingTree by 54.2% in the third quarter. Asset Management One Co. Ltd. now owns 1,743 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 613 shares during the last quarter. Signaturefd LLC lifted its position in shares of LendingTree by 578.8% during the third quarter. Signaturefd LLC now owns 2,790 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 2,379 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of LendingTree by 123.5% during the first quarter. Public Employees Retirement System of Ohio now owns 4,227 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 2,336 shares in the last quarter. Institutional investors own 68.26% of the company’s stock.

About LendingTree

LendingTree, Inc operates an online marketplace that helps consumers compare financial products and services from a network of lenders, insurers and other providers. Its platform is designed to connect shoppers with potential offers based on their financial needs and preferences.

The company’s marketplace includes products such as mortgages and other home loans, personal loans, business loans, auto loans, credit cards, insurance and deposit accounts. LendingTree also provides educational content, comparison tools and financial guidance intended to help consumers evaluate borrowing, insurance and saving options.

Founded in 1996 by Doug Lebda, LendingTree is headquartered in Charlotte, North Carolina, and primarily serves consumers in the United States.