StockNews.com Upgrades LendingTree (NASDAQ:TREE) to Buy

LendingTree (NASDAQ:TREE) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

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

LendingTree Stock Up 3.2 %

Shares of NASDAQ TREE opened at $61.99 on Thursday. LendingTree has a 12-month low of $10.12 and a 12-month high of $62.49. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21. The firm’s 50-day moving average price is $55.08 and its 200-day moving average price is $47.86. The stock has a market capitalization of $826.95 million, a price-to-earnings ratio of -6.33 and a beta of 2.12.

LendingTree (NASDAQ:TREE) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.19). The company had revenue of $210.10 million for the quarter, compared to the consensus estimate of $187.41 million. LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. On average, equities research analysts anticipate that LendingTree will post -0.36 EPS for the current fiscal year.

Institutional Trading of LendingTree

Several hedge funds and other institutional investors have recently made changes to their positions in TREE. CWM LLC raised its position in shares of LendingTree by 230.8% in the 2nd 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 last quarter. nVerses Capital LLC raised its holdings in shares of LendingTree by 200.0% in the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after buying an additional 800 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of LendingTree by 16.8% during the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after buying an additional 270 shares during the period. Quest Partners LLC purchased a new stake in shares of LendingTree during the second quarter valued at $132,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of LendingTree in the 2nd quarter valued at $139,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

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.