LendingTree (NASDAQ:TREE) Hits New 1-Year High After Analyst Upgrade

LendingTree, Inc. (NASDAQ:TREE)’s share price hit a new 52-week high during mid-day trading on Tuesday after Keefe, Bruyette & Woods raised their price target on the stock from $45.00 to $60.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. LendingTree traded as high as $47.81 and last traded at $45.96, with a volume of 508195 shares traded. The stock had previously closed at $37.35.

TREE has been the subject of a number of other reports. Oppenheimer increased their target price on shares of LendingTree from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com lowered LendingTree from a “buy” rating to a “hold” rating in a research report on Monday, March 25th. JPMorgan Chase & Co. boosted their target price on LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Truist Financial reaffirmed a “buy” rating and issued a $55.00 price target (up previously from $37.00) on shares of LendingTree in a research note on Wednesday. Finally, Susquehanna boosted their price objective on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, LendingTree currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TREE. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of LendingTree by 1.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,280 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 553 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in LendingTree by 78.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock valued at $91,000 after buying an additional 1,321 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in LendingTree by 1.4% in the third quarter. Qube Research & Technologies Ltd now owns 116,481 shares of the financial services provider’s stock worth $1,805,000 after acquiring an additional 1,568 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of LendingTree by 8.9% in the fourth quarter. Hsbc Holdings PLC now owns 23,862 shares of the financial services provider’s stock worth $729,000 after acquiring an additional 1,957 shares during the last quarter. Finally, Intellectus Partners LLC increased its holdings in shares of LendingTree by 14.6% during the third quarter. Intellectus Partners LLC now owns 16,050 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 2,050 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors.

LendingTree Price Performance

The stock has a market capitalization of $633.58 million, a P/E ratio of -4.61 and a beta of 2.09. The firm has a fifty day moving average price of $38.92 and a two-hundred day moving average price of $29.49. The company has a quick ratio of 2.60, a current ratio of 3.71 and a debt-to-equity ratio of 4.80.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. The business had revenue of $134.40 million during the quarter, compared to analyst estimates of $135.55 million. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. During the same period last year, the business earned ($0.53) EPS. On average, analysts expect that LendingTree, Inc. will post -0.36 EPS for the current year.

About LendingTree

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.