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

LendingTree (NASDAQ:TREE - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also recently issued reports on TREE. Truist Financial lifted their price target on LendingTree from $60.00 to $70.00 and gave the company a "buy" rating in a report on Friday. Northland Securities upped their target price on shares of LendingTree from $50.00 to $60.00 and gave the stock a "market perform" rating in a research report on Friday, July 26th. Susquehanna increased their price target on shares of LendingTree from $50.00 to $58.00 and gave the company a "neutral" rating in a research note on Friday. Needham & Company LLC boosted their price objective on shares of LendingTree from $67.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Oppenheimer upped their price objective on LendingTree from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, LendingTree presently has a consensus rating of "Moderate Buy" and an average price target of $64.00.

LendingTree Stock Performance

NASDAQ:TREE opened at $45.15 on Friday. The stock has a market capitalization of $602.39 million, a P/E ratio of -4.61 and a beta of 2.12. 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 has a 1 year low of $13.87 and a 1 year high of $62.49. The firm has a 50 day moving average of $56.66 and a 200-day moving average of $49.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TREE. Jacobs Levy Equity Management Inc. boosted its holdings in LendingTree by 6.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider's stock worth $15,419,000 after buying an additional 22,581 shares during the last quarter. Emerald Advisers LLC boosted its stake in LendingTree by 3.0% during the 3rd quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider's stock worth $20,681,000 after acquiring an additional 10,497 shares during the last quarter. Renaissance Technologies LLC grew its holdings in LendingTree by 25.0% during the second quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider's stock valued at $12,182,000 after purchasing an additional 58,500 shares during the period. Emerald Mutual Fund Advisers Trust grew its holdings in LendingTree by 9.3% during the second 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. Finally, Acadian Asset Management LLC increased its stake in LendingTree by 53.9% in the first 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 in the last quarter. 68.26% of the stock is currently owned by institutional investors.

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.