Evolve Private Wealth LLC bought a new position in LendingTree, Inc. (NASDAQ:TREE – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,528 shares of the financial services provider’s stock, valued at approximately $909,000. Evolve Private Wealth LLC owned about 0.15% of LendingTree as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of the stock. Fifth Third Bancorp acquired a new position in LendingTree in the fourth quarter worth about $32,000. OP Asset Management Ltd acquired a new stake in LendingTree during the first quarter valued at approximately $34,000. New York State Teachers Retirement System bought a new position in LendingTree during the 4th quarter worth approximately $54,000. McIlrath & Eck LLC bought a new position in LendingTree during the 4th quarter worth approximately $59,000. Finally, Tower Research Capital LLC TRC lifted its holdings in LendingTree by 281.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,120 shares of the financial services provider’s stock worth $42,000 after buying an additional 826 shares during the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Northland Securities set a $60.00 price target on LendingTree in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LendingTree in a report on Wednesday, June 24th. Truist Financial lowered their target price on shares of LendingTree from $78.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Keefe, Bruyette & Woods dropped their target price on shares of LendingTree from $70.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Finally, Zacks Research downgraded shares of LendingTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.33.
LendingTree Price Performance
NASDAQ:TREE opened at $30.82 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average of $38.60 and a 200-day moving average of $40.16. The firm has a market capitalization of $432.71 million, a PE ratio of 2.39 and a beta of 2.04. LendingTree, Inc. has a 52 week low of $29.77 and a 52 week high of $77.35.
LendingTree (NASDAQ:TREE – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.73). LendingTree had a return on equity of 14.57% and a net margin of 14.33%.The company had revenue of $313.42 million during the quarter, compared to the consensus estimate of $315.56 million. During the same period last year, the business posted $1.13 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. Analysts predict that LendingTree, Inc. will post 3.49 EPS for the current year.
About LendingTree
LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.
Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.
Read More
- Five stocks we like better than LendingTree
- VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You?
- 3 Closed-End Funds to Maximize Dividend Payments
- Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy?
- $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over
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.
