LendingTree (NASDAQ:TREE) Stock Price Up 3.4% - What's Next?

LendingTree, Inc. (NASDAQ:TREE - Get Free Report) shares were up 3.4% on Thursday . The stock traded as high as $58.28 and last traded at $58.20. Approximately 32,801 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 227,027 shares. The stock had previously closed at $56.28.

Analyst Ratings Changes

A number of analysts recently commented on TREE shares. Northland Securities upped their price objective on shares of LendingTree from $50.00 to $60.00 and gave the company a "market perform" rating in a research report on Friday, July 26th. Oppenheimer increased their price target on LendingTree from $55.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, July 30th. Stephens lifted their price objective on LendingTree from $55.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, July 29th. Needham & Company LLC boosted their price objective on LendingTree from $56.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Finally, Truist Financial raised their target price on shares of LendingTree from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, LendingTree presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.13.

LendingTree Stock Up 1.3 %

The stock's fifty day moving average price is $53.69 and its 200-day moving average price is $47.21. The company has a market capitalization of $760.78 million, a price-to-earnings ratio of -5.42 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.

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 the consensus estimate of $0.73 by ($0.19). The business had revenue of $210.10 million for the quarter, compared to the consensus estimate of $187.41 million. LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%. The company's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the firm earned $0.43 earnings per share. On average, sell-side analysts predict that LendingTree, Inc. will post -0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LendingTree

Large investors have recently made changes to their positions in the stock. CWM LLC raised its position in LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider's stock worth $25,000 after acquiring an additional 420 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 270 shares during the period. Quest Partners LLC acquired a new stake in LendingTree in the 2nd quarter valued at about $132,000. Meeder Asset Management Inc. bought a new position in LendingTree during the second quarter worth about $139,000. Finally, Versor Investments LP acquired a new position in LendingTree during the second quarter worth approximately $204,000. Institutional investors and hedge funds own 68.26% of the company's stock.

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.