Shares of LendingTree, Inc. (NASDAQ:TREE – Get Rating) gapped down before the market opened on Friday after Truist Financial lowered their price target on the stock from $185.00 to $130.00. The stock had previously closed at $54.87, but opened at $50.70. LendingTree shares last traded at $50.79, with a volume of 6,219 shares.
Several other analysts also recently issued reports on TREE. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 price target on shares of LendingTree in a report on Monday, March 28th. William Blair reaffirmed an “outperform” rating on shares of LendingTree in a report on Friday, June 3rd. Susquehanna reduced their price objective on shares of LendingTree from $180.00 to $160.00 in a research note on Friday, May 6th. StockNews.com started coverage on shares of LendingTree in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Needham & Company LLC reduced their price objective on shares of LendingTree from $175.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, February 28th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.88.
In related news, Director Mark A. Ernst acquired 10,000 shares of LendingTree stock in a transaction on Monday, May 9th. The shares were purchased at an average cost of $65.67 per share, for a total transaction of $656,700.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $656,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.70% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in LendingTree by 4,176.9% during the 1st quarter. Signaturefd LLC now owns 556 shares of the financial services provider’s stock valued at $67,000 after buying an additional 543 shares during the period. Acadian Asset Management LLC acquired a new position in shares of LendingTree in the 1st quarter worth approximately $99,000. Wolverine Asset Management LLC acquired a new position in shares of LendingTree in the 1st quarter worth approximately $203,000. AlphaCrest Capital Management LLC boosted its holdings in shares of LendingTree by 8.5% in the fourth quarter. AlphaCrest Capital Management LLC now owns 1,839 shares of the financial services provider’s stock worth $225,000 after buying an additional 144 shares during the period. Finally, Inspire Investing LLC acquired a new position in shares of LendingTree in the first quarter worth about $235,000. 86.31% of the stock is currently owned by institutional investors and hedge funds.
The firm’s fifty day simple moving average is $68.69 and its 200 day simple moving average is $100.95. The company has a market capitalization of $641.05 million, a price-to-earnings ratio of 17.85 and a beta of 1.62. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.18 and a quick ratio of 1.18.
LendingTree (NASDAQ:TREE – Get Rating) last announced its earnings results on Thursday, May 5th. The financial services provider reported ($0.62) EPS for the quarter, topping the consensus estimate of ($1.02) by $0.40. The company had revenue of $283.18 million during the quarter, compared to analysts’ expectations of $283.65 million. LendingTree had a net margin of 3.54% and a negative return on equity of 4.84%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company posted $0.18 earnings per share. Equities research analysts forecast that LendingTree, Inc. will post -2.07 earnings per share for the current fiscal year.
About LendingTree (NASDAQ:TREE)
LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, 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, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.