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.
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.
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
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in LendingTree right now?
Before you consider LendingTree, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes big…and LendingTree wasn’t on the list.
Although LendingTree currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here