StockNews.com Upgrades LendingTree (NASDAQ:TREE) to Buy

LendingTree (NASDAQ:TREE) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other equities analysts have also issued research reports about the company. Needham & Company LLC raised their price target on LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Oppenheimer raised their target price 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. Stephens upped their price target on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Northland Securities increased 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. Finally, Truist Financial boosted their price objective 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 stock. According to data from MarketBeat, LendingTree presently has a consensus rating of “Moderate Buy” and an average price target of $58.13.

LendingTree Trading Up 0.4 %

TREE stock opened at $60.10 on Friday. LendingTree has a 12 month low of $10.12 and a 12 month high of $62.27. The firm’s 50-day moving average is $52.83 and its 200 day moving average is $45.71. The company has a market capitalization of $794.82 million, a PE 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.

LendingTree (NASDAQ:TREE) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.54 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 for the quarter, compared to analysts’ expectations of $187.41 million. During the same period last year, the business posted $0.43 earnings per share. The business’s revenue was up 15.1% compared to the same quarter last year. 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 hedge funds and other institutional investors have recently bought and sold shares of the company. 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 worth $25,000 after purchasing an additional 420 shares in the last quarter. Headlands Technologies LLC grew its stake in LendingTree by 16.8% during the 1st 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 last quarter. Quest Partners LLC acquired a new position in LendingTree during the 2nd quarter valued at about $132,000. Meeder Asset Management Inc. purchased a new stake in LendingTree in the second quarter valued at about $139,000. Finally, Versor Investments LP acquired a new stake in LendingTree in the second quarter worth about $204,000. 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.