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

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.

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

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.