LendingTree (NASDAQ:TREE) Price Target Raised to $60.00 at Keefe, Bruyette & Woods

LendingTree (NASDAQ:TREE) had its price target boosted by Keefe, Bruyette & Woods from $45.00 to $60.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other research firms have also weighed in on TREE. Susquehanna raised their price target on shares of LendingTree from $15.00 to $27.00 and gave the company a neutral rating in a report on Wednesday, February 28th. Needham & Company LLC upped their target price on shares of LendingTree from $40.00 to $56.00 and gave the company a buy rating in a research note on Tuesday, April 30th. StockNews.com downgraded LendingTree from a buy rating to a hold rating in a research note on Monday, March 25th. JPMorgan Chase & Co. upped their price objective on LendingTree from $25.00 to $38.00 and gave the company an overweight rating in a research note on Wednesday, February 28th. Finally, Oppenheimer lifted their target price on LendingTree from $45.00 to $55.00 and gave the stock an outperform rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $48.50.

LendingTree Price Performance

Shares of NASDAQ TREE opened at $49.41 on Wednesday. The stock has a fifty day moving average price of $39.52 and a 200 day moving average price of $30.00. The company has a current ratio of 3.71, a quick ratio of 2.60 and a debt-to-equity ratio of 4.80. LendingTree has a 12-month low of $10.12 and a 12-month high of $51.72.

LendingTree (NASDAQ:TREE) last posted its earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. The business had revenue of $134.40 million during the quarter, compared to analyst estimates of $135.55 million. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. During the same quarter last year, the firm earned ($0.53) earnings per share. On average, analysts expect that LendingTree will post -0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On LendingTree

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its position in shares of LendingTree by 78.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 1,321 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of LendingTree in the fourth quarter valued at approximately $103,000. Bristlecone Advisors LLC acquired a new stake in shares of LendingTree in the fourth quarter valued at approximately $201,000. Cornerstone Wealth Management LLC bought a new stake in shares of LendingTree during the fourth quarter valued at approximately $252,000. Finally, SG Americas Securities LLC boosted its position in shares of LendingTree by 109.9% during the third quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider’s stock worth $156,000 after buying an additional 5,276 shares during the period. 68.26% of the stock is currently owned by institutional investors.

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.