LendingTree (NASDAQ:TREE) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of LendingTree (NASDAQ:TREE) from a buy rating to a hold rating in a report issued on Monday morning.

TREE has been the topic of a number of other reports. Susquehanna upped their target price on LendingTree from $42.00 to $50.00 and gave the stock a neutral rating in a research note on Friday, July 26th. Needham & Company LLC increased their price objective on LendingTree from $56.00 to $67.00 and gave the company a buy rating in a research report on Friday, July 26th. Northland Securities increased their price objective on LendingTree from $50.00 to $60.00 and gave the company a market perform rating in a research report on Friday, July 26th. Truist Financial increased their price objective on LendingTree from $55.00 to $60.00 and gave the company a buy rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods increased their price objective on LendingTree from $45.00 to $60.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $58.13.

LendingTree Stock Up 4.0 %

Shares of NASDAQ TREE opened at $45.13 on Monday. LendingTree has a one year low of $10.12 and a one year high of $59.00. 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 business’s fifty day moving average price is $45.40 and its 200-day moving average price is $41.40. The stock has a market capitalization of $602.03 million, a PE ratio of -4.35 and a beta of 2.11.

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 analysts’ consensus estimates of $0.73 by ($0.19). The company had revenue of $210.10 million for the quarter, compared to analysts’ expectations of $187.41 million. LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. On average, equities research analysts anticipate that LendingTree will post -0.52 EPS for the current year.

Insiders Place Their Bets

In other LendingTree news, Director Steven Ozonian sold 1,610 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $44.31, for a total value of $71,339.10. Following the completion of the sale, the director now owns 6,784 shares in the company, valued at approximately $300,599.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 23.40% of the company’s stock.

Institutional Investors Weigh In On LendingTree

Several institutional investors and hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in LendingTree in the 2nd quarter worth approximately $139,000. American Century Companies Inc. lifted its stake in shares of LendingTree by 30.4% in the 2nd quarter. American Century Companies Inc. now owns 17,203 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 4,010 shares during the period. ClariVest Asset Management LLC purchased a new position in shares of LendingTree in the 2nd quarter valued at approximately $1,360,000. Quest Partners LLC purchased a new position in shares of LendingTree in the 2nd quarter valued at approximately $132,000. Finally, Emerald Advisers LLC lifted its stake in shares of LendingTree by 0.7% in the 2nd quarter. Emerald Advisers LLC now owns 345,892 shares of the financial services provider’s stock valued at $14,386,000 after purchasing an additional 2,247 shares during the period. Hedge funds and other institutional investors own 68.26% of the company’s stock.

LendingTree Company Profile

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.