LendingTree (NASDAQ:TREE) PT Raised to $50.00 at Susquehanna

LendingTree (NASDAQ:TREE) had its price objective raised by Susquehanna from $42.00 to $50.00 in a research note published on Friday morning, Benzinga reports. Susquehanna currently has a neutral rating on the financial services provider’s stock.

A number of other research firms also recently commented on TREE. Stephens reiterated an overweight rating and set a $55.00 target price on shares of LendingTree in a research report on Thursday, June 20th. Needham & Company LLC boosted their target price on shares of LendingTree from $56.00 to $67.00 and gave the stock a buy rating in a report on Friday. Keefe, Bruyette & Woods increased their price target on shares of LendingTree from $45.00 to $60.00 and gave the company an outperform rating in a report on Wednesday, May 1st. Oppenheimer raised their price objective on LendingTree from $45.00 to $55.00 and gave the company an outperform rating in a research note on Wednesday, May 1st. Finally, Truist Financial lifted their price objective on shares of LendingTree from $55.00 to $60.00 and gave the stock a buy rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, LendingTree currently has a consensus rating of Moderate Buy and an average price target of $56.88.

LendingTree Price Performance

Shares of NASDAQ:TREE opened at $52.50 on Friday. The firm has a market cap of $694.58 million, a price-to-earnings ratio of -5.06 and a beta of 2.11. The firm has a fifty day moving average price of $44.91 and a 200 day moving average price of $40.49. LendingTree has a fifty-two week low of $10.12 and a fifty-two week high of $59.00. The company has a debt-to-equity ratio of 3.21, a quick ratio of 3.71 and a current ratio of 1.82.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.19). LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The company had revenue of $210.10 million for the quarter, compared to the consensus estimate of $187.41 million. During the same period last year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, sell-side analysts expect that LendingTree will post -0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other LendingTree news, Director Steven Ozonian sold 1,610 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $44.31, for a total value of $71,339.10. Following the transaction, the director now directly owns 6,784 shares in the company, valued at approximately $300,599.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other LendingTree news, Director Steven Ozonian sold 1,610 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $44.31, for a total transaction of $71,339.10. Following the transaction, the director now directly owns 6,784 shares in the company, valued at approximately $300,599.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Heather Novitsky sold 2,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.08, for a total value of $98,160.00. Following the transaction, the general counsel now owns 564 shares in the company, valued at $27,681.12. The disclosure for this sale can be found here. Insiders have sold 13,802 shares of company stock valued at $673,219 in the last 90 days. Company insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On LendingTree

Several large investors have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. increased its holdings in LendingTree by 6.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock valued at $15,419,000 after buying an additional 22,581 shares during the period. Shenkman Capital Management Inc. lifted its stake in shares of LendingTree by 186.2% during the 4th quarter. Shenkman Capital Management Inc. now owns 343,440 shares of the financial services provider’s stock worth $10,413,000 after purchasing an additional 223,440 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of LendingTree by 53.9% during the 1st quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock worth $10,868,000 after purchasing an additional 89,900 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in LendingTree by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 227,302 shares of the financial services provider’s stock valued at $6,892,000 after purchasing an additional 11,753 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in LendingTree in the second quarter valued at about $8,380,000. Institutional investors 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.