LendingTree (NASDAQ:TREE) Rating Increased to Buy at StockNews.com

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

A number of other brokerages also recently issued reports on TREE. Oppenheimer boosted their price target on LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Needham & Company LLC lifted their target price on shares of LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. Truist Financial increased their price target on shares of LendingTree from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. 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. Finally, Stephens increased 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. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.13.

LendingTree Stock Performance

Shares of NASDAQ TREE opened at $61.99 on Thursday. The stock has a market cap of $826.95 million, a price-to-earnings ratio of -6.33 and a beta of 2.12. LendingTree has a 12 month low of $10.12 and a 12 month high of $62.49. The company has a 50 day simple moving average of $55.08 and a two-hundred day simple moving average of $47.86. 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 posted 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 business 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%. LendingTree’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. As a group, analysts predict that LendingTree will post -0.36 earnings per share for the current year.

Institutional Trading of LendingTree

Institutional investors have recently made changes to their positions in the company. nVerses Capital LLC lifted 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 worth $70,000 after buying an additional 800 shares in the last quarter. Creative Planning purchased a new position in LendingTree in the 3rd quarter worth approximately $356,000. CWM LLC boosted its holdings in shares of LendingTree by 262.1% during the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 1,578 shares during the last quarter. AQR Capital Management LLC grew its position in shares of LendingTree by 4.0% in the second quarter. AQR Capital Management LLC now owns 71,120 shares of the financial services provider’s stock valued at $2,898,000 after purchasing an additional 2,707 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of LendingTree by 124.6% in the second quarter. Sei Investments Co. now owns 11,658 shares of the financial services provider’s stock valued at $485,000 after purchasing an additional 6,467 shares during the last quarter. 68.26% of the stock is owned by institutional investors and hedge funds.

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.