Oppenheimer Increases LendingTree (NASDAQ:TREE) Price Target to $55.00

LendingTree (NASDAQ:TREE) had its price objective increased by Oppenheimer from $45.00 to $55.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

TREE has been the subject of several other research reports. JPMorgan Chase & Co. increased their price objective on LendingTree from $25.00 to $38.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. StockNews.com cut shares of LendingTree from a buy rating to a hold rating in a research note on Monday, March 25th. Truist Financial upped their target price on shares of LendingTree from $24.00 to $37.00 and gave the stock a buy rating in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods upgraded shares of LendingTree from a market perform rating to an outperform rating and lifted their price target for the company from $24.00 to $45.00 in a research report on Wednesday, February 28th. Finally, Susquehanna upped their price target on LendingTree from $15.00 to $27.00 and gave the stock a neutral rating in a report on Wednesday, February 28th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $48.50.

LendingTree Stock Up 0.2 %

LendingTree stock opened at $49.41 on Wednesday. The stock has a 50 day moving average of $39.52 and a two-hundred day moving average of $30.00. LendingTree has a twelve month low of $10.12 and a twelve month high of $51.72. The stock has a market capitalization of $653.69 million, a price-to-earnings ratio of -4.76 and a beta of 2.10. The company has a current ratio of 3.71, a quick ratio of 2.60 and a debt-to-equity ratio of 4.80.

LendingTree (NASDAQ:TREE) last posted 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. 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 for the quarter, compared to analyst estimates of $135.55 million. During the same period last year, the firm posted ($0.53) EPS. As a group, research analysts expect that LendingTree will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On LendingTree

A number of hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in 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 buying an additional 553 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in LendingTree by 78.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 1,321 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of LendingTree by 1.4% during the third quarter. Qube Research & Technologies Ltd now owns 116,481 shares of the financial services provider’s stock worth $1,805,000 after purchasing 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 valued at $729,000 after buying an additional 1,957 shares in the last quarter. Finally, Intellectus Partners LLC raised its holdings in shares of LendingTree by 14.6% during the 3rd quarter. Intellectus Partners LLC now owns 16,050 shares of the financial services provider’s stock valued at $249,000 after buying an additional 2,050 shares during the period. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Company Profile

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.