LendingTree (NASDAQ:TREE) Stock Price Crosses Above 200-Day Moving Average of $28.25

LendingTree, Inc. (NASDAQ:TREE)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $28.25 and traded as high as $35.66. LendingTree shares last traded at $35.53, with a volume of 176,437 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TREE shares. Oppenheimer raised their price target on LendingTree from $25.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. JPMorgan Chase & Co. increased their price objective on LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Needham & Company LLC increased their price objective on LendingTree from $17.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Keefe, Bruyette & Woods upgraded LendingTree from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $24.00 to $45.00 in a report on Wednesday, February 28th. Finally, Susquehanna increased their price objective on LendingTree from $15.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, LendingTree currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.57.

LendingTree Stock Performance

The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 4.23. The stock has a 50 day simple moving average of $38.23 and a two-hundred day simple moving average of $28.25. The stock has a market capitalization of $463.31 million, a P/E ratio of -3.77 and a beta of 2.19.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. The firm had revenue of $134.40 million during the quarter, compared to the consensus estimate of $135.55 million. LendingTree had a negative return on equity of 4.22% and a negative net margin of 18.20%. During the same period last year, the company earned ($0.53) earnings per share. On average, equities analysts forecast that LendingTree, Inc. will post -0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. boosted its stake in shares of LendingTree by 0.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 345,292 shares of the financial services provider’s stock worth $5,352,000 after acquiring an additional 2,952 shares during the period. Shenkman Capital Management Inc. boosted its stake in shares of LendingTree by 186.2% during the 4th quarter. Shenkman Capital Management Inc. now owns 343,440 shares of the financial services provider’s stock worth $10,413,000 after acquiring an additional 223,440 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of LendingTree by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 227,302 shares of the financial services provider’s stock worth $6,892,000 after acquiring an additional 11,753 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of LendingTree by 26.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider’s stock worth $2,943,000 after acquiring an additional 39,745 shares during the period. Finally, Blue Grotto Capital LLC bought a new position in shares of LendingTree during the 4th quarter worth approximately $4,930,000. 68.26% of the stock is currently owned by institutional investors.

LendingTree Company Profile

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.