LendingTree (TREE) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for LendingTree (NASDAQ: TREE):

• 2/28/2023 – LendingTree had its price target raised by analysts at Oppenheimer Holdings Inc. from $35.00 to $40.00. They now have an “outperform” rating on the stock.
• 2/28/2023 – LendingTree was downgraded by analysts at Susquehanna from a “positive” rating to a “neutral” rating. They now have a $36.00 price target on the stock, down previously from $46.00.
• 2/28/2023 – LendingTree had its price target raised by analysts at Keefe, Bruyette & Woods from $25.00 to $34.00. They now have a “market perform” rating on the stock.
• 2/28/2023 – LendingTree had its price target lowered by analysts at Bank of America Co. from $53.00 to $43.00. They now have a “buy” rating on the stock.
• 2/27/2023 – LendingTree had its price target raised by analysts at Needham & Company LLC from $32.00 to $45.00. They now have a “buy” rating on the stock.

LendingTree Trading Up 4.7 %

Shares of NASDAQ:TREE opened at $32.68 on Thursday. The stock has a market capitalization of $418.63 million, a price-to-earnings ratio of -2.22 and a beta of 1.93. The company has a debt-to-equity ratio of 3.91, a quick ratio of 5.02 and a current ratio of 5.02. The stock’s 50-day simple moving average is $34.39 and its two-hundred day simple moving average is $28.57. LendingTree, Inc. has a 52-week low of $17.59 and a 52-week high of $129.30.

LendingTree (NASDAQ:TREE – Get Rating) last announced its earnings results on Monday, February 27th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.72. The business had revenue of $202.10 million for the quarter, compared to analysts’ expectations of $208.13 million. LendingTree had a negative return on equity of 14.55% and a negative net margin of 19.08%. The business’s revenue for the quarter was down 21.8% on a year-over-year basis. During the same period last year, the firm posted ($1.23) earnings per share. Analysts expect that LendingTree, Inc. will post -3.02 EPS for the current year.

Insider Activity

In related news, CEO Douglas R. Lebda acquired 18,268 shares of the stock in a transaction dated Monday, January 30th. The shares were purchased at an average cost of $38.63 per share, with a total value of $705,692.84. Following the transaction, the chief executive officer now directly owns 214,859 shares in the company, valued at $8,300,003.17. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Douglas R. Lebda acquired 18,268 shares of the stock in a transaction dated Monday, January 30th. The shares were purchased at an average cost of $38.63 per share, with a total value of $705,692.84. Following the transaction, the chief executive officer now directly owns 214,859 shares in the company, valued at $8,300,003.17. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas R. Lebda acquired 65,062 shares of the stock in a transaction dated Monday, January 23rd. The shares were bought at an average cost of $32.03 per share, for a total transaction of $2,083,935.86. Following the completion of the transaction, the chief executive officer now owns 65,062 shares in the company, valued at $2,083,935.86. The disclosure for this purchase can be found here. Insiders own 17.90% of the company’s stock.

Institutional Trading of LendingTree

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its stake in LendingTree by 59.1% during the 2nd quarter. Captrust Financial Advisors now owns 719 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 267 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in LendingTree during the 4th quarter valued at approximately $34,000. PNC Financial Services Group Inc. raised its stake in LendingTree by 136.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,705 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 984 shares during the period. Asset Management One Co. Ltd. raised its stake in LendingTree by 69.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,757 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 720 shares during the period. Finally, Point72 Middle East FZE bought a new stake in LendingTree during the 4th quarter valued at approximately $42,000. Institutional investors own 83.16% of the company’s stock.

LendingTree, Inc engages in the operation of an online loan marketplace for consumers seeking loans and other credit-based offerings. It operates through the following segments: Home, Consumer, and Insurance. The Home segment consists of purchase mortgage, refinance mortgage, home equity loans and lines of credit and reverse mortgage loans and real estate.