LendingTree (NASDAQ:TREE) Upgraded at StockNews.com

StockNews.com upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a buy rating in a research note published on Tuesday.

Other analysts also recently issued research reports about the company. Oppenheimer lifted their price target on LendingTree from $55.00 to $65.00 and gave the company an outperform rating in a research report on Tuesday, July 30th. Truist Financial boosted their price target 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. Needham & Company LLC raised their price objective on shares of LendingTree from $56.00 to $67.00 and gave the company a buy rating in a research report on Friday, July 26th. 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 report on Monday, July 29th. Finally, Northland Securities raised their price target on LendingTree from $50.00 to $60.00 and gave the company a market perform rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $58.13.

LendingTree Stock Down 3.7 %

Shares of NASDAQ TREE opened at $55.26 on Tuesday. The business has a 50-day simple moving average of $53.54 and a two-hundred day simple moving average of $46.73. LendingTree has a 52 week low of $10.12 and a 52 week high of $62.27. The company has a market cap of $730.81 million, a P/E ratio of -5.32 and a beta of 2.12. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.21.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data 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). LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The firm had revenue of $210.10 million for the quarter, compared to analysts’ expectations of $187.41 million. During the same period in the prior year, the firm posted $0.43 EPS. LendingTree’s revenue was up 15.1% on a year-over-year basis. Research analysts anticipate that LendingTree will post -0.36 earnings per share for the current fiscal year.

Institutional Trading of LendingTree

Several hedge funds have recently added to or reduced their stakes in TREE. Headlands Technologies LLC increased its holdings in shares of LendingTree by 16.8% in the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after buying an additional 270 shares during the period. Price T Rowe Associates Inc. MD increased its stake in LendingTree by 1.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 295 shares during the period. CWM LLC lifted its position in LendingTree by 230.8% in 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 during the period. Finally, Los Angeles Capital Management LLC grew its holdings in shares of LendingTree by 3.3% in the first quarter. Los Angeles Capital Management LLC now owns 66,314 shares of the financial services provider’s stock worth $2,808,000 after purchasing an additional 2,146 shares during the last quarter. 68.26% of the stock is owned by institutional investors.

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.