LendingTree (NASDAQ:TREE) PT lowered to $54.00 at Needham & Company LLC

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Loan Tree (NASDAQ: TREEGet a rating) had its price target lowered by investment analysts Needham & Company LLC from $62.00 to $54.00 in a note issued to investors on Friday, market beat reports. The brokerage currently has a “buy” rating on the shares of the financial services provider. Needham & Company LLC’s target price indicates a potential upside of 18.47% from the current share price.

Other stock analysts have also recently released reports on the company. Truist Financial lowered its price target on LendingTree from $185.00 to $130.00 and placed a “buy” rating on the stock in a research report on Friday, June 24. Susquehanna lowered its target price on LendingTree from $180.00 to $160.00 in a Friday, May 6 report. StockNews.com began covering LendingTree in a research report on Thursday, March 31. They issued a “holding” rating for the company. Oppenheimer cut its target price on LendingTree from $120.00 to $55.00 and set a “hold” rating for the company in a research report on Friday. Finally, Susquehanna Bancshares reduced its target price on LendingTree from $180.00 to $160.00 in a Friday, May 6 research report. Three analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $100.13.

LendingTree is trading down 2.5%

Shares of NASDAQ TREE opened at $45.58 on Friday. The company has a market capitalization of $581.87 million, a price-earnings ratio of 16.11 and a beta of 1.72. LendingTree has a 12 month minimum of $40.82 and a 12 month maximum of $212.00. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt ratio of 1.66. The stock’s 50-day simple moving average is $51.82 and its 200-day simple moving average is $87.00.

Loan Tree (NASDAQ: TREEGet a rating) last reported results on Thursday, May 5. The financial services provider reported ($0.62) EPS for the quarter, beating the consensus estimate of ($1.02) by $0.40. LendingTree had a negative return on equity of 4.84% and a net margin of 3.54%. The company posted revenue of $283.18 million for the quarter, versus $283.65 million expected by analysts. During the same period last year, the company achieved EPS of $0.18. The company’s revenue increased by 3.8% compared to the same quarter last year. Equity research analysts expect LendingTree to post -3.05 EPS for the current year.

Insider Buying and Selling at LendingTree

Separately, director Mark A. Ernst purchased 10,000 shares of the company in a transaction on Monday, May 9. The shares were purchased at an average cost of $65.67 per share, for a total transaction of $656,700.00. Following the completion of the acquisition, the administrator now directly owns 10,000 shares of the company, valued at $656,700. The acquisition was disclosed in a legal filing with the SEC, which is available via this link. Company insiders hold 17.90% of the company’s stock.

Hedge funds weigh on LendingTree

Institutional investors have recently been buying and selling shares of the stock. Signaturefd LLC increased its holdings in LendingTree by 4,176.9% during the first quarter. Signaturefd LLC now owns 556 shares of the financial services provider valued at $67,000 after buying an additional 543 shares last quarter. Acadian Asset Management LLC bought a new stock position in LendingTree in the first quarter worth approximately $99,000. Sageworth Trust Co bought a new stock position in LendingTree in the second quarter worth about $41,000. Asset Management One Co. Ltd. increased its stake in LendingTree shares by 80.0% in the second quarter. Asset Management One Co. Ltd. now owns 1,037 shares of the financial services provider worth $45,000 after purchasing an additional 461 shares during the period. Finally, KBC Group NV bought a new position in shares of LendingTree in the second quarter for a value of approximately $46,000. 86.31% of the shares are currently held by institutional investors.

LendingTree Company Profile

(Get a rating)

LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, operates an online consumer platform in the United States. It operates through three segments: Home, Consumer and Insurance. The Home segment offers purchase mortgages, mortgage refinances, reverse mortgages and home equity loans; Lines of credit; and real estate brokerage services.

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