LendingTree, Inc. (NASDAQ:TREE) Given the average “buy” recommendation by brokerages

LendingTree, Inc. (NASDAQ:TREE) has earned a consensus “buy” rating from the eight analysts who currently cover the company, MarketBeat reports. One financial analyst gave the stock a sell rating and seven issued a buy rating for the company. The 1-year average price target among analysts who updated their coverage of the stock in the past year is $256.63.

Several equity research analysts have recently commented on TREE stocks. Stephens cut his price target on LendingTree from $365.00 to $265.00 and set an “overweight” rating on the stock in a Thursday, September 23 research note. Truist reduced its target price on LendingTree from $320.00 to $275.00 and set a “buy” rating on the stock in a research note on Friday, October 29. They noted that the move was a review call. Truist Securities cut its target price on LendingTree from $320.00 to $275.00 and set a “buy” rating on the stock in a research note on Friday, October 29. Zacks Investment Research downgraded LendingTree from a “hold” rating to a “sell” rating and set a target price of $123.00 for the stock. in a research note from Wednesday, December 1. Finally, Oppenheimer cut its price target on LendingTree from $275.00 to $240.00 and set an “outperform” rating for the company in a Friday, October 29 report.

In other LendingTree news, an insider Neil Salvage sold 4,153 shares of the company in a transaction dated Tuesday, November 2. The shares were sold at an average price of $148.00, for a total value of $614,644.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Company insiders hold 16.70% of the company’s stock.

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Several hedge funds have recently changed their holdings in the company. BlackRock Inc. increased its position in LendingTree shares by 5.2% during the third quarter. BlackRock Inc. now owns 1,298,796 shares of the financial services provider worth $181,610,000 after purchasing an additional 63,713 shares in the last quarter. Vanguard Group Inc. increased its stake in LendingTree by 6.6% in the second quarter. Vanguard Group Inc. now owns 1,083,681 shares of the financial services provider worth $229,610,000 after acquiring an additional 66,769 shares in the last quarter. FMR LLC increased its holdings in LendingTree by 16.0% in the second quarter. FMR LLC now owns 926,548 shares of the financial services provider worth $196,317,000 after acquiring an additional 127,978 shares in the last quarter. State Street Corp increased its stake in LendingTree by 33.4% in the second quarter. State Street Corp now owns 348,042 shares of the financial services provider worth $73,743,000 after acquiring an additional 87,210 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in LendingTree by 0.8% in the third quarter. Geode Capital Management LLC now owns 199,267 shares of the financial services provider worth $27,863,000 after acquiring 1,626 additional shares in the last quarter. 86.39% of the shares are currently held by institutional investors and hedge funds.

Shares of NASDAQ TREE traded at $2.77 in Friday’s midday session, hitting $138.20. The stock recorded a trading volume of 237,914 shares, compared to an average volume of 205,932. The company has a market capitalization of $1.84 billion, a PE ratio of 160.70 and a beta of 1.52. . The stock has a 50-day simple moving average of $125.54 and a 200-day simple moving average of $153.53. LendingTree has a 1 year minimum of $105.00 and a 1 year maximum of $372.64. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt ratio of 1.09.

LendingTree Inc (NASDAQ:TREE) last reported results on Thursday, October 28. The financial services provider reported earnings per share (EPS) of $0.75 for the quarter, beating the consensus estimate of ($0.56) by $1.31. The company posted revenue of $297.40 million in the quarter, compared to $292.57 million expected by analysts. LendingTree had a negative return on equity of 0.62% and a net margin of 1.22%. The company’s quarterly revenue increased by 35.0% compared to the same quarter last year. In the same quarter last year, the company made ($1.33) earnings per share. As a group, analysts expect LendingTree to post earnings per share of -3.27 for the current fiscal year.

About LendingTree

LendingTree, Inc engages in the operation of an online lending marketplace for consumers seeking loans and other credit-based offerings. It operates through the following segments: Housing, Consumer Goods and Insurance. The Home segment includes mortgage purchase, mortgage refinance, home equity loans and lines of credit and reverse mortgages and real estate.

Read more: Calculation of net profit and net profit margin ratio

Analyst Recommendations for LendingTree (NASDAQ:TREE)

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