LendingTree (NASDAQ:TREE) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a buy rating in a research note released on Friday.

Other research analysts have also issued reports about the company. Susquehanna increased their price objective on LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Truist Financial raised their target price on LendingTree from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Stephens raised their target price on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Needham & Company LLC raised their target price on LendingTree from $56.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Oppenheimer raised their target price on LendingTree from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.13.

LendingTree Stock Down 0.7 %

Shares of TREE stock opened at $53.37 on Friday. The stock’s 50-day simple moving average is $56.46 and its 200-day simple moving average is $48.58. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market capitalization of $705.82 million, a PE ratio of -5.14 and a beta of 2.12. LendingTree has a fifty-two week low of $10.12 and a fifty-two week high of $62.49.

LendingTree (NASDAQ:TREE) last announced 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 net margin of 19.02% and a negative return on equity of 2.98%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. Equities analysts expect that LendingTree will post -0.36 earnings per share for the current year.

Institutional Trading of LendingTree

Several institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC grew its holdings in LendingTree by 16.8% in the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 270 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in LendingTree by 1.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock valued at $697,000 after purchasing an additional 295 shares during the period. CWM LLC grew its holdings in LendingTree by 230.8% in the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 420 shares during the period. nVerses Capital LLC grew its holdings in LendingTree by 200.0% in the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 800 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of LendingTree by 5.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,885 shares of the financial services provider’s stock valued at $1,435,000 after acquiring an additional 1,605 shares in the last quarter. 68.26% of the stock is owned by institutional investors and hedge funds.

About LendingTree

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.