Shares of LendingTree, Inc. (NASDAQ:TREE - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $62.86 and last traded at $62.86, with a volume of 2280 shares. The stock had previously closed at $60.24.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Stephens upped their price objective on shares of LendingTree from $55.00 to $65.00 and gave the stock an "overweight" rating in a report on Monday, July 29th. StockNews.com downgraded shares of LendingTree from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Susquehanna upped their price objective on shares of LendingTree from $42.00 to $50.00 and gave the stock a "neutral" rating in a report on Friday, July 26th. Northland Securities upped their price target on shares of LendingTree from $50.00 to $60.00 and gave the company a "market perform" rating in a report on Friday, July 26th. Finally, Oppenheimer upped their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, LendingTree has a consensus rating of "Moderate Buy" and an average target price of $58.13.
Check Out Our Latest Analysis on TREE
LendingTree Stock Up 0.9 %
The company has a market cap of $810.81 million, a price-to-earnings ratio of -6.16 and a beta of 2.12. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21. The business has a fifty day moving average price of $54.15 and a two-hundred day moving average price of $47.51.
LendingTree (NASDAQ:TREE - Get Free Report) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.19). LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The business had revenue of $210.10 million during the quarter, compared to analyst estimates of $187.41 million. During the same quarter in the prior year, the company earned $0.43 EPS. LendingTree's revenue for the quarter was up 15.1% on a year-over-year basis. On average, equities analysts predict that LendingTree, Inc. will post -0.36 earnings per share for the current year.
Hedge Funds Weigh In On LendingTree
Hedge funds have recently added to or reduced their stakes in the company. Hennessy Advisors Inc. bought a new stake in LendingTree during the second quarter worth approximately $8,380,000. Acadian Asset Management LLC boosted its position in LendingTree by 53.9% during the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider's stock worth $10,868,000 after purchasing an additional 89,900 shares during the period. Renaissance Technologies LLC boosted its position in shares of LendingTree by 25.0% in the second quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider's stock valued at $12,182,000 after acquiring an additional 58,500 shares during the period. ClariVest Asset Management LLC bought a new stake in shares of LendingTree in the second quarter valued at approximately $1,360,000. Finally, Emerald Mutual Fund Advisers Trust boosted its position in shares of LendingTree by 9.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider's stock valued at $11,676,000 after acquiring an additional 23,995 shares during the period. Institutional investors and hedge funds own 68.26% of the company's stock.
About LendingTree
(
Get Free Report)
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.
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