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

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

A number of other research analysts also recently issued reports on TREE. Stephens boosted their price target on LendingTree from $55.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, July 29th. Oppenheimer increased their price target on shares of LendingTree from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday. Truist Financial raised their price target on shares of LendingTree from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Friday. Northland Securities upped their price objective 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. Finally, Needham & Company LLC raised their target price on LendingTree from $67.00 to $78.00 and gave the company a "buy" rating in a research report on Friday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $64.00.

LendingTree Stock Performance

NASDAQ:TREE traded down $11.88 during mid-day trading on Friday, hitting $45.15. The company's stock had a trading volume of 1,610,221 shares, compared to its average volume of 165,628. The business's fifty day moving average is $56.42 and its two-hundred day moving average is $49.09. The stock has a market cap of $602.30 million, a price-to-earnings ratio of -16.72 and a beta of 2.11. LendingTree has a 1 year low of $13.87 and a 1 year high of $62.49. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82.

Institutional Investors Weigh In On LendingTree

Several institutional investors have recently bought and sold shares of TREE. Emerald Advisers LLC lifted its position in shares of LendingTree by 3.0% in the third quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider's stock valued at $20,681,000 after acquiring an additional 10,497 shares in the last quarter. Congress Asset Management Co. lifted its holdings in LendingTree by 15.8% in the 3rd quarter. Congress Asset Management Co. now owns 21,885 shares of the financial services provider's stock valued at $1,270,000 after purchasing an additional 2,990 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in LendingTree during the 3rd quarter worth $203,000. Harbour Capital Advisors LLC purchased a new stake in shares of LendingTree during the third quarter worth $244,000. Finally, nVerses Capital LLC grew its holdings in shares of LendingTree by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider's stock worth $70,000 after buying an additional 800 shares in the last quarter. 68.26% of the stock is currently 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.