Oppenheimer Increases LendingTree (NASDAQ:TREE) Price Target to $65.00

LendingTree (NASDAQ:TREE) had its target price lifted by Oppenheimer from $55.00 to $65.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Several other equities analysts have also recently issued reports on the company. Needham & Company LLC upped their price objective on LendingTree from $56.00 to $67.00 and gave the company a buy rating in a research report on Friday, July 26th. Stephens upped their price objective on LendingTree from $55.00 to $65.00 and gave the company an overweight rating in a research report on Monday, July 29th. Susquehanna increased their price target on LendingTree from $42.00 to $50.00 and gave the company a neutral rating in a report on Friday, July 26th. Truist Financial increased their price target on LendingTree from $55.00 to $60.00 and gave the company a buy rating in a report on Friday, July 26th. Finally, Northland Securities increased their price target on LendingTree from $50.00 to $60.00 and gave the company a market perform rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, LendingTree has an average rating of Moderate Buy and an average price target of $58.13.

LendingTree Stock Performance

Shares of TREE opened at $47.87 on Tuesday. The stock has a market cap of $633.08 million, a P/E ratio of -4.61 and a beta of 2.11. LendingTree has a 52 week low of $10.12 and a 52 week high of $59.00. The company has a quick ratio of 3.71, a current ratio of 1.82 and a debt-to-equity ratio of 3.21. The business’s 50 day moving average price is $45.37 and its 200-day moving average price is $40.92.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.19). The business had revenue of $210.10 million during the quarter, compared to the consensus estimate of $187.41 million. LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. Equities research analysts anticipate that LendingTree will post -0.52 earnings per share for the current fiscal year.

Insider Transactions at LendingTree

In other news, Director Steven Ozonian sold 1,610 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $44.31, for a total value of $71,339.10. Following the completion of the sale, 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. In other news, Director Gabriel Dalporto sold 1,442 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $50.17, for a total value of $72,345.14. Following the completion of the sale, the director now directly owns 4,478 shares in the company, valued at approximately $224,661.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven Ozonian sold 1,610 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $44.31, for a total value of $71,339.10. Following the completion of the sale, the director now owns 6,784 shares of the company’s stock, valued at $300,599.04. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LendingTree

Institutional investors have recently bought and sold shares of the business. CWM LLC increased its stake in LendingTree by 230.8% in the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after buying an additional 420 shares in the last quarter. Headlands Technologies LLC increased its stake in LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after buying an additional 270 shares in the last quarter. Tower Research Capital LLC TRC increased its stake 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 worth $91,000 after buying an additional 1,321 shares in the last quarter. Quest Partners LLC purchased a new stake in LendingTree in the 4th quarter worth $103,000. Finally, Bristlecone Advisors LLC purchased a new stake in LendingTree in the 4th quarter worth $201,000. Hedge funds and other 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.