LendingTree (NASDAQ:TREE) Price Target Raised to $60.00 at Keefe, Bruyette & Woods

LendingTree (NASDAQ:TREE) had its price objective increased by research analysts at Keefe, Bruyette & Woods from $45.00 to $60.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 21.43% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. StockNews.com downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a research note on Monday, March 25th. Susquehanna upped their target price on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Truist Financial reissued a “buy” rating and set a $55.00 price objective (up previously from $37.00) on shares of LendingTree in a research report on Wednesday. Oppenheimer increased their price objective on shares of LendingTree from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

LendingTree Trading Up 0.2 %

NASDAQ TREE traded up $0.08 during trading hours on Wednesday, hitting $49.41. The company’s stock had a trading volume of 238,737 shares, compared to its average volume of 303,288. The stock has a fifty day moving average of $39.52 and a 200 day moving average of $29.88. LendingTree has a twelve month low of $10.12 and a twelve month high of $51.72. The firm has a market capitalization of $653.69 million, a P/E ratio of -4.76 and a beta of 2.10. 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 issued its earnings results on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.14 by $0.14. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. The firm had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.55 million. During the same quarter in the prior year, the firm earned ($0.53) earnings per share. Equities research analysts forecast that LendingTree will post -0.36 earnings per share for the current fiscal year.

Institutional Trading of LendingTree

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in LendingTree by 78.9% in 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 acquiring an additional 1,321 shares during the last quarter. Quest Partners LLC acquired a new stake in LendingTree in the 4th quarter worth about $103,000. Bristlecone Advisors LLC acquired a new stake in LendingTree in the 4th quarter worth about $201,000. Cornerstone Wealth Management LLC acquired a new stake in LendingTree in the 4th quarter worth about $252,000. Finally, SG Americas Securities LLC increased its holdings in LendingTree by 109.9% in the 3rd quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider’s stock valued at $156,000 after buying an additional 5,276 shares during the period. Institutional investors and hedge funds own 68.26% of the company’s stock.

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.