2 weeks Ago By ABMN Staff
LendingTree ( NASDAQ:TREE – Get Free Report ) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday. TREE has been the subject of a number of other reports.
Keefe, Bruyette & Woods increased their price objective on LendingTree from $45.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st.
Stephens raised their price target on LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, July 29th.
Northland Securities upped their price objective on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th.
Truist Financial increased their price objective on shares of LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th.
Finally, Needham & Company LLC raised their target price on LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th.
Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, LendingTree has a consensus rating of “Moderate Buy” and a consensus price target of $58.
13. View Our Latest Report on TREE LendingTree Stock Performance LendingTree ( NASDAQ:TREE – Get Free Report ) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.
54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.19).
The firm had revenue of $210.10 million during the quarter, compared to analyst estimates of $187.41 million.
LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%.
The firm’s revenue was up 15.1% on a year-over-year basis. During the same period last year, the business earned $0.
43 EPS. On average, research analysts predict that LendingTree will post -0.52 EPS for the current year.
Hedge Funds Weigh In On LendingTree Hedge funds and other institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC purchased a new stake in LendingTree during the fourth quarter valued at about $1,946,000. Charles Schwab Investment Management Inc.
raised its holdings in shares of LendingTree by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 227,302 shares of the financial services provider’s stock valued at $6,892,000 after acquiring an additional 11,753 shares during the period. BNP Paribas Financial Markets lifted its position in shares of LendingTree by 20.6% in the 4th quarter.
BNP Paribas Financial Markets now owns 44,088 shares of the financial services provider’s stock valued at $1,337,000 after acquiring an additional 7,528 shares in the last quarter. Principal Financial Group Inc. raised its stake in LendingTree by 31.
3% during the 4th quarter. Principal Financial Group Inc. now owns 17,367 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 4,144 shares during the period.
Finally, Shenkman Capital Management Inc. lifted its holdings in shares of LendingTree by 186.2% in the fourth quarter.
Shenkman Capital Management Inc. now owns 343,440 shares of the financial services provider’s stock valued at $10,413,000 after purchasing an additional 223,440 shares in the last quarter. Institutional investors and hedge funds own 68.
26% of the company’s stock. 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. Featured Stories Receive News & Ratings for LendingTree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingTree and related companies with MarketBeat.com's FREE daily email newsletter .
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