LendingTree, Inc. (NASDAQ:TREE) Receives $76.67 Consensus Price Target from Analysts

LendingTree, Inc. (NASDAQ:TREE) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $76.6667.

A number of equities analysts have recently issued reports on TREE shares. Needham & Company LLC increased their target price on LendingTree from $70.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Oppenheimer set a $85.00 target price on shares of LendingTree and gave the stock an “outperform” rating in a research report on Friday, October 31st. Zacks Research lowered LendingTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Truist Financial boosted their target price on LendingTree from $62.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of LendingTree from $66.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, October 31st.

Hedge Funds Weigh In On LendingTree

Hedge funds have recently bought and sold shares of the stock. Financial Management Professionals Inc. acquired a new stake in shares of LendingTree during the fourth quarter valued at $25,000. Farther Finance Advisors LLC boosted its position in LendingTree by 272.6% during the third quarter. Farther Finance Advisors LLC now owns 462 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 338 shares during the last quarter. Fifth Third Bancorp acquired a new stake in LendingTree during the fourth quarter worth approximately $32,000. State of Alaska Department of Revenue acquired a new stake in shares of LendingTree during the third quarter worth $35,000. Finally, Ameritas Investment Partners Inc. boosted its stake in LendingTree by 25.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,141 shares of the financial services provider’s stock worth $42,000 after buying an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.

LendingTree Trading Down 3.7%

Shares of LendingTree stock opened at $45.71 on Friday. The firm has a market cap of $624.86 million, a price-to-earnings ratio of 45.26 and a beta of 2.13. LendingTree has a 52-week low of $33.50 and a 52-week high of $77.35. The company’s 50-day simple moving average is $55.99 and its 200-day simple moving average is $59.15. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 2.93.

About LendingTree

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.