LendingTree (NASDAQ:TREE) Stock Price Down 6.3% - What's Next?

LendingTree, Inc. (NASDAQ:TREE - Get Free Report)'s stock price was down 6.3% during trading on Monday . The stock traded as low as $55.79 and last traded at $56.36. Approximately 104,695 shares changed hands during trading, a decline of 53% from the average daily volume of 223,690 shares. The stock had previously closed at $60.12.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TREE shares. StockNews.com raised shares of LendingTree from a "hold" rating to a "buy" rating in a research note on Thursday. Oppenheimer upped their price objective on shares of LendingTree from $55.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, July 30th. Northland Securities upped their price objective on shares of LendingTree from $50.00 to $60.00 and gave the company a "market perform" rating in a research note on Friday, July 26th. Susquehanna upped their price objective on shares of LendingTree from $42.00 to $50.00 and gave the company a "neutral" rating in a research note on Friday, July 26th. Finally, Truist Financial increased 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. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, LendingTree has a consensus rating of "Moderate Buy" and an average price target of $58.13.

LendingTree Trading Down 5.7 %

The company has a market capitalization of $756.38 million, a P/E ratio of -5.79 and a beta of 2.12. 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 stock's 50 day moving average is $55.99 and its 200-day moving average is $48.31.

LendingTree (NASDAQ:TREE - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.19). The business had revenue of $210.10 million during 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%. LendingTree's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. As a group, equities research analysts anticipate that LendingTree, Inc. will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On LendingTree

Hedge funds and other institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC grew its holdings in shares of LendingTree by 16.8% during the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider's stock valued at $80,000 after buying an additional 270 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of LendingTree by 1.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider's stock valued at $697,000 after acquiring an additional 295 shares in the last quarter. CWM LLC increased its position in shares of LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 420 shares in the last quarter. nVerses Capital LLC increased its position 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 valued at $70,000 after acquiring an additional 800 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position 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 acquiring an additional 1,605 shares in the last quarter. 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.