Oppenheimer Boosts LendingTree (NASDAQ:TREE) Price Target to $55.00

LendingTree (NASDAQ:TREE) had its target price upped by Oppenheimer from $45.00 to $55.00 in a report issued on Wednesday, Benzinga reports. Oppenheimer currently has an outperform rating on the financial services provider’s stock.

TREE has been the topic of several other research reports. Needham & Company LLC upped their price target on LendingTree from $40.00 to $56.00 and gave the company a buy rating in a research note on Tuesday, April 30th. Keefe, Bruyette & Woods upgraded shares of LendingTree from a market perform rating to an outperform rating and lifted their price target for the company from $24.00 to $45.00 in a research report on Wednesday, February 28th. Susquehanna upped their price objective on shares of LendingTree from $15.00 to $27.00 and gave the stock a neutral rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. increased their price objective on shares of LendingTree from $25.00 to $38.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. Finally, StockNews.com lowered LendingTree from a buy rating to a hold rating in a research report on Monday, March 25th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $48.50.

LendingTree Stock Performance

TREE opened at $49.41 on Wednesday. The company has a market cap of $653.69 million, a price-to-earnings ratio of -4.76 and a beta of 2.10. The firm’s fifty day simple moving average is $39.52 and its two-hundred day simple moving average is $30.00. The company has a quick ratio of 2.60, a current ratio of 3.71 and a debt-to-equity ratio of 4.80. LendingTree has a 52-week low of $10.12 and a 52-week high of $51.72.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.14. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. The company had revenue of $134.40 million for the quarter, compared to analysts’ expectations of $135.55 million. During the same period in the previous year, the firm posted ($0.53) EPS. Equities analysts anticipate that LendingTree will post -0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LendingTree

Several institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in LendingTree by 78.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 1,321 shares during the period. Quest Partners LLC acquired a new stake in shares of LendingTree in the fourth quarter valued at about $103,000. SG Americas Securities LLC boosted its holdings in 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 in the last quarter. Olympiad Research LP grew its position in LendingTree by 36.4% during the third quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider’s stock worth $194,000 after buying an additional 3,336 shares during the period. Finally, Bristlecone Advisors LLC purchased a new position in LendingTree in the fourth quarter valued at about $201,000. 68.26% of the stock is owned by institutional investors and hedge funds.

About LendingTree

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.