LendingTree (NASDAQ:TREE) Earns Buy Rating from Truist Financial

Truist Financial restated their buy rating on shares of LendingTree (NASDAQ:TREE) in a report issued on Wednesday morning, Benzinga reports. Truist Financial currently has a $55.00 target price on the financial services provider’s stock, up from their prior target price of $37.00.

TREE has been the subject of a number of other research reports. Needham & Company LLC boosted their price objective on shares of LendingTree from $40.00 to $56.00 and gave the company a buy rating in a research report on Tuesday. Oppenheimer upped their price target on LendingTree from $45.00 to $55.00 and gave the stock an outperform rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on LendingTree from $25.00 to $38.00 and gave the stock an overweight rating in a research note on Wednesday, February 28th. Susquehanna boosted their price objective on LendingTree from $15.00 to $27.00 and gave the company a neutral rating in a research note on Wednesday, February 28th. Finally, StockNews.com cut shares of LendingTree from a buy rating to a hold rating in a research note on Monday, March 25th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, LendingTree currently has a consensus rating of Moderate Buy and a consensus target price of $48.50.

LendingTree Stock Up 0.2 %

LendingTree stock opened at $49.41 on Wednesday. The stock has a fifty day moving average of $39.52 and a 200 day moving average of $29.88. The stock has a market cap of $653.45 million, a PE ratio of -4.76 and a beta of 2.10. LendingTree has a one year low of $10.12 and a one year high of $51.72. 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 released its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.14 by $0.14. The firm had revenue of $134.40 million during the quarter, compared to analyst estimates of $135.55 million. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. During the same quarter in the prior year, the firm earned ($0.53) EPS. As a group, sell-side analysts predict that LendingTree will post -0.36 EPS for the current year.

Hedge Funds Weigh In On LendingTree

Hedge funds have recently made changes to their positions in the business. Shenkman Capital Management Inc. raised its stake in 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 purchasing an additional 223,440 shares during the period. Blue Grotto Capital LLC bought a new stake in shares of LendingTree during the fourth quarter valued at approximately $4,930,000. Kettle Hill Capital Management LLC bought a new stake in shares of LendingTree during the fourth quarter valued at approximately $2,361,000. Alta Park Capital LP purchased a new position in shares of LendingTree in the fourth quarter worth $2,297,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of LendingTree during the third quarter worth $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.