LendingTree (NASDAQ:TREE) Price Target Raised to $72.00

LendingTree (NASDAQ:TREE) had its target price increased by Truist Financial from $62.00 to $72.00 in a report issued on Monday,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of LendingTree in a research note on Wednesday, October 8th. Zacks Research cut LendingTree from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Keefe, Bruyette & Woods upgraded shares of LendingTree from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. boosted their target price on LendingTree from $66.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Oppenheimer set a $85.00 target price on LendingTree and gave the company an “outperform” rating in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, LendingTree has an average rating of “Moderate Buy” and an average price target of $74.29.

LendingTree Trading Down 6.4%

NASDAQ TREE opened at $58.02 on Monday. The firm’s fifty day moving average is $65.48 and its two-hundred day moving average is $51.40. LendingTree has a one year low of $33.50 and a one year high of $77.35. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $790.23 million, a PE ratio of -14.29 and a beta of 1.71.

LendingTree (NASDAQ:TREE) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.47. The firm had revenue of $307.80 million for the quarter, compared to analyst estimates of $278.36 million. LendingTree had a positive return on equity of 25.79% and a negative net margin of 5.33%.The business’s revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the company posted $0.80 earnings per share. LendingTree has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts expect that LendingTree will post 0.48 earnings per share for the current year.

Insider Buying and Selling at LendingTree

In related news, General Counsel Heather Enlow-Novitsky sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $69.14, for a total transaction of $69,140.00. Following the transaction, the general counsel owned 1,028 shares of the company’s stock, valued at approximately $71,075.92. This represents a 49.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Diego A. Rodriguez sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $69.78, for a total transaction of $83,736.00. Following the sale, the director owned 8,113 shares in the company, valued at approximately $566,125.14. This trade represents a 12.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 8,669 shares of company stock worth $598,331. Corporate insiders own 23.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TREE. Wealth Enhancement Advisory Services LLC increased its stake in shares of LendingTree by 68.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,921 shares of the financial services provider’s stock valued at $298,000 after acquiring an additional 2,397 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of LendingTree by 4,926.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,262 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 2,217 shares during the last quarter. Nordea Investment Management AB purchased a new stake in LendingTree in the second quarter valued at approximately $882,000. Harbor Capital Advisors Inc. purchased a new stake in LendingTree in the second quarter valued at approximately $7,337,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in LendingTree by 72.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,399 shares of the financial services provider’s stock worth $4,343,000 after purchasing an additional 36,364 shares during the last quarter. Hedge funds and other institutional investors 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.