LendingTree, Inc. (NASDAQ:TREE) Receives $74.29 Average Target Price from Analysts

LendingTree, Inc. (NASDAQ:TREE) has received a consensus recommendation of “Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $74.2857.

Several equities analysts have recently issued reports on the company. Zacks Research upgraded LendingTree from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Oppenheimer set a $85.00 price objective on LendingTree and gave the stock an “outperform” rating in a research report on Friday, October 31st. Needham & Company LLC lifted their target price on LendingTree from $70.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their target price on LendingTree from $66.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Wall Street Zen downgraded shares of LendingTree from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th.

Institutional Trading of LendingTree

A number of hedge funds and other institutional investors have recently modified their holdings of TREE. Farther Finance Advisors LLC lifted its stake in shares of LendingTree by 272.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 462 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 338 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in LendingTree in the 3rd quarter worth about $35,000. Tower Research Capital LLC TRC increased its holdings in LendingTree by 281.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,120 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 826 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in LendingTree by 25.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,141 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 230 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of LendingTree during the third quarter valued at about $95,000. Institutional investors own 68.26% of the company’s stock.

LendingTree Trading Down 0.7%

TREE opened at $52.35 on Friday. The stock has a market capitalization of $715.62 million, a price-to-earnings ratio of 51.83 and a beta of 2.08. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 2.93. LendingTree has a twelve month low of $33.50 and a twelve month high of $77.35. The company has a 50-day simple moving average of $55.69 and a 200 day simple moving average of $54.29.

LendingTree (NASDAQ:TREE) last issued its earnings results on Thursday, October 30th. The financial services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.23 by $0.47. The company had revenue of $290.62 million during the quarter, compared to analysts’ expectations of $278.36 million. LendingTree had a net margin of 1.34% and a return on equity of 36.30%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 EPS. Analysts predict that LendingTree will post 0.48 EPS for the current fiscal year.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.