LendingTree (NASDAQ:TREE) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of LendingTree (NASDAQ:TREE) from a buy rating to a hold rating in a research note published on Wednesday.

A number of other research firms have also weighed in on TREE. Truist Financial boosted 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. Northland Securities lifted their target price on shares of LendingTree from $50.00 to $60.00 and gave the stock a market perform rating in a research note on Friday, July 26th. Stephens boosted their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an overweight rating in a research note on Monday, July 29th. 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 note on Tuesday, July 30th. Finally, Susquehanna boosted 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $58.13.

LendingTree Stock Up 5.6 %

Shares of NASDAQ TREE opened at $60.24 on Wednesday. The company’s 50-day simple moving average is $53.90 and its 200-day simple moving average is $47.28. LendingTree has a 52-week low of $10.12 and a 52-week high of $62.27. The firm has a market cap of $803.60 million, a price-to-earnings ratio of -6.15 and a beta of 2.12. 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 announced its earnings results on Thursday, July 25th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.19). LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The company had revenue of $210.10 million during the quarter, compared to analyst estimates of $187.41 million. During the same quarter last year, the business earned $0.43 EPS. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. Equities analysts predict that LendingTree will post -0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On LendingTree

Large investors have recently added to or reduced their stakes in the business. CWM LLC increased its stake 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 buying an additional 420 shares during the period. Headlands Technologies LLC increased 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 period. Quest Partners LLC purchased a new stake in LendingTree during the 2nd quarter worth approximately $132,000. Meeder Asset Management Inc. acquired a new position in LendingTree during the 2nd quarter worth approximately $139,000. Finally, Versor Investments LP acquired a new position in LendingTree during the 2nd quarter worth approximately $204,000. 68.26% of the stock is owned by hedge funds and other 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.