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

LendingTree (NASDAQ:TREE) had its price target boosted by equities research analysts at Truist Financial from $62.00 to $72.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target points to a potential upside of 12.29% from the company’s current price.

Several other research firms have also recently commented on TREE. Weiss Ratings reiterated a “sell (d-)” rating on shares of LendingTree in a research note on Wednesday, October 8th. Wall Street Zen raised LendingTree from a “buy” rating to a “strong-buy” rating in a report on Sunday. Needham & Company LLC boosted their price objective on LendingTree from $70.00 to $85.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. upped their target price on LendingTree from $66.00 to $83.00 and gave the company an “overweight” rating in a report on Friday. Finally, Keefe, Bruyette & Woods raised LendingTree from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 22nd. 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 company’s stock. According to MarketBeat.com, LendingTree currently has an average rating of “Moderate Buy” and a consensus target price of $74.29.

LendingTree Trading Up 0.2%

NASDAQ TREE traded up $0.12 on Monday, reaching $64.12. 70,062 shares of the company were exchanged, compared to its average volume of 300,911. The business’s fifty day moving average price is $65.89 and its 200 day moving average price is $51.08. The stock has a market capitalization of $873.34 million, a P/E ratio of -15.82 and a beta of 1.71. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 3.26. LendingTree has a fifty-two week low of $33.50 and a fifty-two week high of $77.35.

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

Insider Buying and Selling at LendingTree

In related news, Director Diego A. Rodriguez sold 1,200 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jason Bengel sold 6,469 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.86, for a total transaction of $445,455.34. Following the sale, the chief financial officer owned 6,517 shares in the company, valued at $448,760.62. This represents a 49.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,669 shares of company stock valued at $598,331 in the last three months. 23.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its stake in LendingTree by 68.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,921 shares of the financial services provider’s stock worth $298,000 after buying an additional 2,397 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of LendingTree by 4,926.7% in the 1st 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 in the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in shares of LendingTree by 3.7% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 249,505 shares of the financial services provider’s stock worth $12,543,000 after acquiring an additional 9,007 shares in the last quarter. Emerald Advisers LLC increased its stake in shares of LendingTree by 4.8% in the 1st quarter. Emerald Advisers LLC now owns 378,563 shares of the financial services provider’s stock worth $19,030,000 after acquiring an additional 17,343 shares in the last quarter. Finally, CWM LLC grew its position in LendingTree by 497.6% during the 1st quarter. CWM LLC now owns 4,775 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 3,976 shares during the last quarter. 68.26% of the stock is currently owned by institutional investors and hedge funds.

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.