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

StockNews.com upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a buy rating in a research report sent to investors on Friday.

Other analysts also recently issued reports about the company. Stephens lifted their price target on LendingTree from $55.00 to $65.00 and gave the stock an overweight rating in a report on Monday, July 29th. Oppenheimer boosted their target price on LendingTree from $55.00 to $65.00 and gave the stock an outperform rating in a research note on Tuesday, July 30th. Susquehanna increased their price target 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. 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 report on Friday, July 26th. Finally, Northland Securities increased their target price on shares of LendingTree from $50.00 to $60.00 and gave the company a market perform rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, LendingTree currently has an average rating of Moderate Buy and a consensus price target of $58.13.

LendingTree Stock Performance

Shares of LendingTree stock opened at $58.20 on Friday. The business has a 50-day simple moving average of $53.01 and a 200-day simple moving average of $45.88. The company has a market cap of $769.70 million, a PE ratio of -5.61 and a beta of 2.12. LendingTree has a one year low of $10.12 and a one year high of $62.27. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.82 and a current ratio of 1.82.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings data 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). The firm had revenue of $210.10 million during the quarter, compared to analysts’ expectations of $187.41 million. LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. On average, equities research analysts forecast that LendingTree will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On LendingTree

A number of institutional investors have recently modified their holdings of the business. CWM LLC grew its position in LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 420 shares during the last quarter. 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 worth $80,000 after buying an additional 270 shares during the last quarter. Quest Partners LLC acquired a new position in LendingTree in the 4th quarter valued at about $103,000. Meeder Asset Management Inc. purchased a new stake in LendingTree during the 2nd quarter valued at approximately $139,000. Finally, Versor Investments LP acquired a new stake in LendingTree during the 2nd quarter worth approximately $204,000. 68.26% of the stock is owned by institutional investors and hedge funds.

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.