LendingTree (NASDAQ:TREE) Shares Up 6.1%

LendingTree, Inc. (NASDAQ:TREEGet Free Report) shot up 6.1% on Thursday . The stock traded as high as $43.67 and last traded at $43.37. 58,008 shares traded hands during trading, a decline of 83% from the average session volume of 336,019 shares. The stock had previously closed at $40.86.

Analysts Set New Price Targets

Several brokerages have weighed in on TREE. Oppenheimer increased their price objective on LendingTree from $25.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, January 8th. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. raised their price target on LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Keefe, Bruyette & Woods raised LendingTree from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $24.00 to $45.00 in a report on Wednesday, February 28th. Finally, Truist Financial raised their price target on LendingTree from $24.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

View Our Latest Report on TREE

LendingTree Stock Up 6.1 %

The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 4.23. The company has a market cap of $565.15 million, a PE ratio of -4.61 and a beta of 2.19. The stock has a 50-day moving average of $34.67 and a 200-day moving average of $24.39.

LendingTree (NASDAQ:TREEGet Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.14. LendingTree had a negative return on equity of 4.22% and a negative net margin of 18.20%. The company had revenue of $134.40 million for the quarter, compared to the consensus estimate of $135.55 million. During the same quarter last year, the business posted ($0.53) earnings per share. Sell-side analysts predict that LendingTree, Inc. will post -0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LendingTree

Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC raised its position in LendingTree by 21.2% during the third quarter. Acadian Asset Management LLC now owns 90,014 shares of the financial services provider’s stock valued at $1,393,000 after purchasing an additional 15,765 shares in the last quarter. Assenagon Asset Management S.A. raised its position in LendingTree by 26.5% during the third quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider’s stock valued at $2,943,000 after purchasing an additional 39,745 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in LendingTree by 0.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 345,292 shares of the financial services provider’s stock valued at $5,352,000 after purchasing an additional 2,952 shares in the last quarter. Shenkman Capital Management Inc. purchased a new stake in LendingTree during the third quarter valued at about $1,860,000. Finally, Qube Research & Technologies Ltd raised its position in LendingTree by 1.4% during the third quarter. Qube Research & Technologies Ltd now owns 116,481 shares of the financial services provider’s stock valued at $1,805,000 after purchasing an additional 1,568 shares in the last quarter. Hedge funds and other institutional investors own 70.22% of the company’s stock.

LendingTree Company Profile

(Get Free Report)

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.

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