2 weeks Ago By ABMN Staff
Shares of LendingTree, Inc. ( NASDAQ:TREE – Get Free Report ) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the stock, MarketBeat.com reports.
Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $58.13.
A number of analysts have recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of LendingTree from $56.00 to $67.
00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stephens lifted their price target on shares of LendingTree from $55.00 to $65.
00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Susquehanna increased their price objective on LendingTree from $42.00 to $50.
00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a report on Friday, September 20th.
Finally, Northland Securities upped their target price on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th.
Get Our Latest Report on TREE Institutional Investors Weigh In On LendingTree LendingTree Stock Performance LendingTree stock opened at $56.42 on Wednesday. The company has a quick ratio of 1.
82, a current ratio of 1.82 and a debt-to-equity ratio of 3.21.
LendingTree has a twelve month low of $10.12 and a twelve month high of $62.27.
The company’s 50-day moving average price is $53.21 and its 200-day moving average price is $46.13.
The company has a market cap of $752.64 million, a PE ratio of -5.44 and a beta of 2.
12. LendingTree ( NASDAQ:TREE – Get Free Report ) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.
54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.19).
LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%.
The company had revenue of $210.10 million during the quarter, compared to the consensus estimate of $187.41 million.
During the same quarter in the prior year, the business earned $0.43 earnings per share. The firm’s quarterly revenue was up 15.
1% compared to the same quarter last year. On average, equities research analysts forecast that LendingTree will post -0.36 EPS for the current fiscal year.
LendingTree Company Profile ( Get Free Report 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.
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