LendingTree (NASDAQ:TREE) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of LendingTree (NASDAQ:TREE) from a buy rating to a hold rating in a research report report published on Saturday.

TREE has been the topic of a number of other research reports. Northland Securities upped their price target 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. Oppenheimer upped their target price on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday. Keefe, Bruyette & Woods lifted their price target on LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday. Needham & Company LLC upped their price objective on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a report on Friday. Finally, Susquehanna lifted their target price on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Trading Down 20.8 %

TREE stock opened at $45.15 on Friday. LendingTree has a one year low of $13.87 and a one year high of $62.49. The stock has a market cap of $602.30 million, a price-to-earnings ratio of -16.72 and a beta of 2.11. The company has a fifty day moving average price of $56.42 and a two-hundred day moving average price of $49.19. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82.

Hedge Funds Weigh In On LendingTree

Several hedge funds have recently bought and sold shares of TREE. CWM LLC boosted its position in shares of 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 acquiring an additional 420 shares in the last quarter. nVerses Capital LLC boosted 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 valued at $70,000 after purchasing an additional 800 shares in the last quarter. Headlands Technologies LLC increased its stake in shares of 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 last quarter. Quest Partners LLC bought a new position in shares of LendingTree in the 2nd quarter valued at $132,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of LendingTree during the 2nd quarter worth $139,000. 68.26% of the stock is owned by institutional investors.

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.