LendingTree (NASDAQ:TREE) Downgraded by StockNews.com

StockNews.com downgraded shares of LendingTree (NASDAQ:TREE) from a buy rating to a hold rating in a research report released on Wednesday.

A number of other analysts have also issued reports on TREE. 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. Susquehanna boosted their price target on shares of 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 boosted their price objective on LendingTree from $56.00 to $67.00 and gave the stock a buy rating in a research report on Friday, July 26th. Northland Securities boosted their price objective on LendingTree from $50.00 to $60.00 and gave the stock a market perform rating in a research report on Friday, July 26th. Finally, Oppenheimer boosted their price objective on LendingTree from $55.00 to $65.00 and gave the stock an outperform rating in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $58.13.

LendingTree Price Performance

Shares of NASDAQ:TREE opened at $60.24 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21. The firm’s 50-day moving average is $54.15 and its two-hundred day moving average is $47.46. LendingTree has a 1 year low of $10.12 and a 1 year high of $62.27.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings results 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 business 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 firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. Analysts anticipate that LendingTree will post -0.36 EPS for the current year.

Hedge Funds Weigh In On LendingTree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TREE. CWM LLC boosted its holdings 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 in the last quarter. Headlands Technologies LLC boosted its holdings in LendingTree by 16.8% in 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 acquired a new position in LendingTree in the second quarter valued at approximately $132,000. Meeder Asset Management Inc. acquired a new position in LendingTree in the second quarter valued at approximately $139,000. Finally, Versor Investments LP acquired a new position in LendingTree in the second quarter valued at approximately $204,000. 68.26% of the stock is owned by institutional investors and hedge funds.

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.