LendingTree, Inc. (NASDAQ:TREE) Receives $64.13 Average Price Target from Analysts

LendingTree, Inc. (NASDAQ:TREE) has earned a consensus recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $64.13.

TREE has been the subject of several analyst reports. Stephens restated an “overweight” rating and set a $69.00 price target on shares of LendingTree in a report on Thursday, March 6th. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Truist Financial dropped their price target on shares of LendingTree from $72.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Needham & Company LLC lowered their price objective on LendingTree from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research note on Tuesday, January 21st.

Insider Transactions at LendingTree

In other LendingTree news, COO Scott Peyree acquired 9,794 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $46.13 per share, with a total value of $451,797.22. Following the completion of the purchase, the chief operating officer now owns 97,566 shares in the company, valued at $4,500,719.58. This trade represents a 11.16 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 23.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TREE. New Age Alpha Advisors LLC purchased a new stake in shares of LendingTree in the fourth quarter valued at about $36,000. Tower Research Capital LLC TRC boosted its position in LendingTree by 248.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 848 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of LendingTree in the fourth quarter valued at $54,000. CANADA LIFE ASSURANCE Co purchased a new position in shares of LendingTree during the 4th quarter worth about $56,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of LendingTree in the 4th quarter valued at $70,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

LendingTree Stock Performance

Shares of TREE stock opened at $38.74 on Thursday. The company’s fifty day simple moving average is $46.80 and its 200-day simple moving average is $44.55. LendingTree has a 12 month low of $34.55 and a 12 month high of $62.49. The firm has a market cap of $524.35 million, a PE ratio of -14.35 and a beta of 1.76. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.74 by $0.25. The company had revenue of $239.70 million during the quarter, compared to analysts’ expectations of $244.93 million. LendingTree had a negative net margin of 4.72% and a positive return on equity of 0.51%. The business’s quarterly revenue was up 42.8% on a year-over-year basis. Equities research analysts expect that LendingTree will post 0.48 EPS for the current fiscal year.

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.