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

LendingTree (NASDAQ:TREE) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Sunday.

A number of other research analysts have also weighed in on TREE. Keefe, Bruyette & Woods lifted their price objective on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Susquehanna boosted their price target on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Stephens boosted their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Northland Securities boosted their price target on shares of LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC boosted their price target on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

LendingTree Price Performance

LendingTree stock opened at $47.42 on Friday. LendingTree has a 52 week low of $13.87 and a 52 week high of $62.49. The company’s 50 day moving average price is $55.33 and its two-hundred day moving average price is $49.62. The company has a quick ratio of 1.82, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock has a market cap of $633.63 million, a P/E ratio of -17.56 and a beta of 2.11.

Hedge Funds Weigh In On LendingTree

Hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC boosted its position 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 valued at $80,000 after purchasing an additional 270 shares in the last quarter. Price T Rowe Associates Inc. MD boosted 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 worth $697,000 after acquiring an additional 295 shares in the last quarter. CWM LLC lifted its holdings in shares of LendingTree by 230.8% during 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 in the last quarter. nVerses Capital LLC lifted its holdings in shares of LendingTree by 200.0% during 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of LendingTree by 5.0% during 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 purchasing an additional 1,605 shares in the last quarter. 68.26% of the stock is owned by hedge funds and other institutional investors.

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.