LendingTree, Inc. (NASDAQ:TREE) Given Consensus Rating of "Moderate Buy" by Analysts

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $58.13.

Several brokerages have commented on TREE. Truist Financial raised their price objective on LendingTree from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Needham & Company LLC boosted their price target on LendingTree from $56.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Susquehanna lifted their price objective on LendingTree from $42.00 to $50.00 and gave the company a "neutral" rating in a research report on Friday, July 26th. Stephens lifted their price objective on LendingTree from $55.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, July 29th. Finally, StockNews.com raised LendingTree from a "hold" rating to a "buy" rating in a report on Thursday.

LendingTree Stock Performance

LendingTree stock traded up $0.25 during midday trading on Friday, reaching $60.12. The stock had a trading volume of 87,618 shares, compared to its average volume of 125,471. LendingTree has a 12 month low of $10.12 and a 12 month high of $62.49. The firm has a market capitalization of $802.00 million, a PE ratio of -6.14 and a beta of 2.12. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.21. The firm's 50-day moving average price is $55.72 and its 200 day moving average price is $48.19.

LendingTree (NASDAQ:TREE - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.54 EPS 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 for the quarter, compared to the consensus estimate of $187.41 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm's revenue was up 15.1% on a year-over-year basis. As a group, research analysts predict that LendingTree will post -0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna Fundamental Investments LLC increased its position in LendingTree by 185.2% during the 1st quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider's stock worth $840,000 after purchasing an additional 12,889 shares during the period. Public Employees Retirement System of Ohio increased its stake in LendingTree by 697.5% during the first quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider's stock worth $535,000 after acquiring an additional 11,049 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in shares of LendingTree by 9.3% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider's stock worth $11,676,000 after purchasing an additional 23,995 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of LendingTree by 6.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider's stock worth $15,419,000 after purchasing an additional 22,581 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of LendingTree by 53.9% during the 1st quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider's stock valued at $10,868,000 after buying an additional 89,900 shares during the period. 68.26% of the stock is owned by institutional investors and hedge funds.

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.