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LendingTree (NASDAQ:TREE) Upgraded to "Buy" by StockNews.com

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LendingTree (NASDAQ:TREE - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Friday.

TREE has been the subject of a number of other research reports. Northland Securities upped their price target on LendingTree from $50.00 to $60.00 and gave the stock a "market perform" rating in a report on Friday, July 26th. Oppenheimer boosted their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday, July 30th. Needham & Company LLC lifted their target price on LendingTree from $56.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Susquehanna upped their price objective on shares of LendingTree from $42.00 to $50.00 and gave the stock a "neutral" rating in a report 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 report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.13.

Check Out Our Latest Research Report on TREE

LendingTree Trading Down 0.7 %

Shares of NASDAQ:TREE traded down $0.37 during trading on Friday, reaching $53.37. 137,951 shares of the company were exchanged, compared to its average volume of 223,640. 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 business's fifty day simple moving average is $56.40 and its 200-day simple moving average is $48.49. The firm has a market capitalization of $705.82 million, a PE ratio of -5.18 and a beta of 2.12. LendingTree has a 12-month low of $10.12 and a 12-month high of $62.49.

LendingTree (NASDAQ:TREE - Get Free Report) last posted 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). LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%. The company had revenue of $210.10 million during the quarter, compared to analysts' expectations of $187.41 million. During the same period in the prior year, the business posted $0.43 EPS. The company's quarterly revenue was up 15.1% on a year-over-year basis. On average, research analysts anticipate that LendingTree will post -0.36 EPS for the current year.

Institutional Investors Weigh In On LendingTree

A number of large investors have recently added to or reduced their stakes in TREE. CWM LLC grew its holdings 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 purchasing an additional 420 shares during the last quarter. nVerses Capital LLC lifted 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 valued at $70,000 after purchasing an additional 800 shares during the last quarter. Headlands Technologies LLC boosted 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. Quest Partners LLC acquired a new position in LendingTree in the 2nd quarter worth approximately $132,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of LendingTree during the second quarter valued at $139,000. 68.26% of the stock is owned by institutional investors and hedge funds.

About LendingTree

(Get Free Report)

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.

Further Reading

Analyst Recommendations for LendingTree (NASDAQ:TREE)

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