LendingTree (NASDAQ:TREE) Upgraded at StockNews.com

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

Several other equities analysts have also commented on the company. Northland Securities upped their target price on LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Susquehanna upped their target price on LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Stephens upped their target price on LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Needham & Company LLC upped their target price on LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Oppenheimer upped 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.13.

LendingTree Stock Down 0.7 %

TREE opened at $53.37 on Friday. The business’s fifty day moving average is $56.46 and its two-hundred day moving average is $48.63. 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 company has a market cap of $705.82 million, a price-to-earnings ratio of -5.14 and a beta of 2.12. LendingTree has a one year low of $10.12 and a one year high of $62.49.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.19). The company had revenue of $210.10 million during the quarter, compared to analysts’ expectations 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 was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. Analysts anticipate that LendingTree will post -0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On LendingTree

A number of large investors have recently modified their holdings of TREE. CWM LLC grew its stake in shares of 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 buying an additional 420 shares in the last quarter. nVerses Capital LLC grew its stake 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 valued at $70,000 after buying an additional 800 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of 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 buying an additional 270 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of LendingTree in the second quarter valued at about $132,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of LendingTree in the second quarter valued at about $139,000. Institutional investors and hedge funds 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.