nVerses Capital LLC Acquires 800 Shares of LendingTree, Inc. (NASDAQ:TREE)

nVerses Capital LLC increased its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 200.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,200 shares of the financial services provider’s stock after acquiring an additional 800 shares during the quarter. nVerses Capital LLC’s holdings in LendingTree were worth $70,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TREE. Hennessy Advisors Inc. bought a new stake in shares of LendingTree during the 2nd quarter worth $8,380,000. Acadian Asset Management LLC increased its holdings in LendingTree by 53.9% during the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock worth $10,868,000 after buying an additional 89,900 shares during the last quarter. Renaissance Technologies LLC increased its holdings in LendingTree by 25.0% during the second quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock worth $12,182,000 after buying an additional 58,500 shares during the last quarter. ClariVest Asset Management LLC bought a new stake in LendingTree in the second quarter worth about $1,360,000. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in LendingTree by 9.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock valued at $11,676,000 after acquiring an additional 23,995 shares during the last quarter. 68.26% of the stock is currently owned by institutional investors.

LendingTree Stock Down 5.7 %

TREE stock opened at $56.70 on Tuesday. The stock has a 50-day simple moving average of $55.99 and a two-hundred day simple moving average of $48.31. LendingTree, Inc. has a twelve month low of $10.12 and a twelve month high of $62.49. The firm has a market capitalization of $756.38 million, a PE ratio of -5.79 and a beta of 2.12. 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 (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.19). LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The firm had revenue of $210.10 million for the quarter, compared to analysts’ expectations of $187.41 million. During the same period in the prior year, the firm posted $0.43 EPS. LendingTree’s revenue was up 15.1% on a year-over-year basis. On average, equities analysts predict that LendingTree, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Susquehanna raised their price target on shares of LendingTree from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Oppenheimer boosted their target price on LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Truist Financial increased their price target on LendingTree from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Finally, Northland Securities upped their price objective on shares of LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $58.13.

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.