LendingTree (NASDAQ:TREE) is expected to report earnings before market open on Friday, February 25. Analysts expect the company to report earnings of ($1.16) per share for the quarter. Investors wishing to register for the company’s conference call can do so using this link.
Shares of Loan tree stock opened at $109.73 on Friday. LendingTree has a fifty-two week low of $105.00 and a fifty-two week high of $352.64. The company has a debt ratio of 1.09, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $1.46 billion, a P/E ratio of 127.59 and a beta of 1.52. The company’s 50-day moving average price is $123.74 and its two-hundred-day moving average price is $140.77.
A number of hedge funds and other institutional investors have recently changed their positions in the stock. Morgan Stanley increased its stake in LendingTree by 185.3% in the second quarter. Morgan Stanley now owns 53,185 shares of the financial services provider valued at $11,269,000 after buying an additional 34,543 shares last quarter. Charles Schwab Investment Management Inc. increased its stake in LendingTree by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 81,598 shares of the financial services provider valued at $10,004,000 after buying an additional 1,913 shares last quarter. LPL Financial LLC bought a new stake in LendingTree in the fourth quarter worth $225,000. Credit Suisse AG increased its stake in LendingTree by 18.9% in the fourth quarter. Credit Suisse AG now owns 15,238 shares of the financial services provider valued at $1,869,000 after buying an additional 2,425 shares last quarter. Finally, Marshall Wace LLP purchased a new stake in LendingTree in the fourth quarter at a value of $971,000. 86.39% of the shares are held by institutional investors and hedge funds.
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Several research companies have recently published reports on TREE. Oppenheimer lowered his price target on LendingTree shares from $240.00 to $200.00 in a Thursday, Feb. 3 research note. Susquehanna Bancshares lowered its price target on LendingTree shares from $310.00 to $265.00 in a Thursday, Feb. 3 research note. StockNews.com downgraded LendingTree shares from a “buy” rating to a “hold” rating in a research note on Wednesday. Truist Financial lowered its price target on LendingTree shares from $275.00 to $250.00 in a Wednesday, January 26 research note. Ultimately, Zacks Investment Research downgraded LendingTree shares from a “hold” rating to a “sell” rating and set a price target of $123.00 for the company. in a research note from Wednesday, December 1. One equity research analyst gave the stock a sell rating, two issued a hold rating and six gave the company a buy rating. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $238.20.
LendingTree Company Profile
LendingTree, Inc engages in the operation of an online lending marketplace for consumers seeking loans and other credit-based offerings. It operates through the following segments: Home, Consumer and Insurance. The Home segment includes purchase of mortgages, mortgage refinancing, home equity loans and lines of credit and reverse mortgages and real estate.
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