Analysts Set LendingTree, Inc. (NASDAQ:TREE) Target Price at $68.60

Shares of LendingTree, Inc. (NASDAQ:TREE) have received an average recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $68.60.

A number of brokerages have recently issued reports on TREE. Keefe, Bruyette & Woods cut their price objective on shares of LendingTree from $83.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Needham & Company LLC reissued a “buy” rating and set a $60.00 price objective on shares of LendingTree in a research report on Friday, May 1st. JPMorgan Chase & Co. began coverage on shares of LendingTree in a research report on Tuesday, April 14th. They set an “overweight” rating and a $50.00 price objective for the company. Truist Financial set a $78.00 price objective on shares of LendingTree in a research report on Friday, May 1st. Finally, Zacks Research raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Financial Management Professionals Inc. purchased a new position in shares of LendingTree during the 4th quarter valued at $25,000. Fifth Third Bancorp purchased a new position in shares of LendingTree during the 4th quarter valued at $32,000. OP Asset Management Ltd purchased a new position in shares of LendingTree during the 1st quarter valued at $34,000. New York State Teachers Retirement System purchased a new position in shares of LendingTree during the 4th quarter valued at $54,000. Finally, McIlrath & Eck LLC purchased a new position in shares of LendingTree during the 4th quarter valued at $59,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

LendingTree Trading Up 9.1%

Shares of TREE stock opened at $39.07 on Friday. LendingTree has a 1 year low of $32.65 and a 1 year high of $77.35. The firm has a fifty day moving average price of $40.43 and a 200-day moving average price of $46.13. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market cap of $545.03 million, a price-to-earnings ratio of 3.04 and a beta of 2.04.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.11). LendingTree had a net margin of 15.02% and a return on equity of 17.01%. The business had revenue of $319.07 million for the quarter, compared to the consensus estimate of $321.33 million. During the same period in the previous year, the firm earned $0.99 EPS. The company’s revenue was up 36.5% on a year-over-year basis. As a group, equities analysts predict that LendingTree will post 3.64 earnings per share for the current year.

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.