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 report issued on Tuesday.

TREE has been the topic of several other reports. Oppenheimer upped their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an outperform rating in a report on Tuesday, July 30th. Stephens upped their target price on shares of LendingTree from $55.00 to $65.00 and gave the stock an overweight rating in a research note on Monday, July 29th. Northland Securities upped their target price on shares of LendingTree from $50.00 to $60.00 and gave the stock a market perform rating in a research note on Friday, July 26th. Truist Financial upped their target price 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, Needham & Company LLC upped their target price on shares of LendingTree from $56.00 to $67.00 and gave the stock a buy rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, LendingTree presently has an average rating of Moderate Buy and an average target price of $58.13.

LendingTree Stock Performance

Shares of NASDAQ:TREE opened at $57.57 on Tuesday. The company has a market capitalization of $761.36 million, a price-to-earnings ratio of -5.55 and a beta of 2.12. LendingTree has a 12 month low of $10.12 and a 12 month high of $62.27. The firm’s 50-day moving average is $53.36 and its 200 day moving average is $46.45. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings results 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). The firm 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. Research analysts predict that LendingTree will post -0.36 EPS for the current year.

Hedge Funds Weigh In On LendingTree

Hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC boosted its stake 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. Headlands Technologies LLC boosted 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 valued at $80,000 after purchasing an additional 270 shares in the last quarter. Quest Partners LLC bought a new position in shares of LendingTree during the second quarter valued at approximately $132,000. Meeder Asset Management Inc. acquired a new stake in LendingTree in the second quarter valued at approximately $139,000. Finally, Versor Investments LP acquired a new stake in LendingTree in the second quarter valued at approximately $204,000. 68.26% of the stock is currently owned by 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.