StockNews.com Downgrades LendingTree (NASDAQ:TREE) to Hold

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

Other equities analysts have also issued reports about the company. Needham & Company LLC lifted their price objective on LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday. Susquehanna lifted their target price on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday. Truist Financial lifted their target price on LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday. Northland Securities lifted their target price on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Finally, Stephens lifted their target price on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, LendingTree currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Price Performance

LendingTree stock opened at $45.15 on Friday. The stock’s 50 day moving average is $56.42 and its 200 day moving average is $49.29. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a market cap of $602.30 million, a P/E ratio of -16.72 and a beta of 2.11. LendingTree has a one year low of $13.87 and a one year high of $62.49.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC raised its stake in shares of LendingTree by 185.2% during the 1st quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 12,889 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of LendingTree by 697.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 11,049 shares during the period. Emerald Mutual Fund Advisers Trust raised its stake in shares of LendingTree by 9.3% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock valued at $11,676,000 after purchasing an additional 23,995 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of LendingTree by 6.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock valued at $15,419,000 after purchasing an additional 22,581 shares during the period. Finally, Acadian Asset Management LLC raised its stake in shares of LendingTree by 53.9% during the 1st quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock valued at $10,868,000 after purchasing an additional 89,900 shares during the period. 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.