LendingTree (NASDAQ:TREE) Trading Down 6.3% – What’s Next?

Shares of LendingTree, Inc. (NASDAQ:TREE) were down 6.3% during mid-day trading on Monday . The stock traded as low as $55.79 and last traded at $56.36. Approximately 104,695 shares were traded during trading, a decline of 53% from the average daily volume of 223,690 shares. The stock had previously closed at $60.12.

Analyst Ratings Changes

TREE has been the topic of several analyst reports. Oppenheimer boosted their price objective on shares of LendingTree from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Truist Financial upped their price target on LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC raised their price objective on LendingTree from $56.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Northland Securities upped their target price on LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Finally, Stephens raised their price target on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, LendingTree has an average rating of “Moderate Buy” and an average price target of $58.13.

LendingTree Stock Performance

The stock has a market capitalization of $695.95 million, a price-to-earnings ratio of -5.34 and a beta of 2.12. The company has a 50 day simple moving average of $56.19 and a 200-day simple moving average of $48.43. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.21.

LendingTree (NASDAQ:TREE) last released its 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). The company had revenue of $210.10 million for the quarter, compared to analyst estimates of $187.41 million. LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The firm’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. As a group, equities research analysts expect that LendingTree, Inc. will post -0.36 EPS for the current fiscal year.

Institutional Trading of LendingTree

Large investors have recently made changes to their positions in the company. CWM LLC boosted its holdings in LendingTree by 230.8% in the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 420 shares in the last quarter. nVerses Capital LLC lifted its holdings in shares of LendingTree by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 800 shares in the last quarter. Headlands Technologies LLC grew its position in LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 270 shares during the period. Quest Partners LLC bought a new stake in LendingTree during the 2nd quarter valued at $132,000. Finally, Meeder Asset Management Inc. acquired a new position in LendingTree during the second quarter worth $139,000. 68.26% of the stock is currently 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.