LendingTree (NASDAQ:TREE) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a buy rating in a research note released on Thursday morning.

TREE has been the topic of a number of other reports. 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. Truist Financial lifted their target price 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. Needham & Company LLC lifted their target price on shares of LendingTree from $56.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Susquehanna lifted their price target on shares of LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, Oppenheimer lifted their price target 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $58.13.

LendingTree Stock Performance

NASDAQ:TREE opened at $60.12 on Thursday. The company’s 50-day moving average price is $55.72 and its 200-day moving average price is $48.19. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21. The company has a market cap of $802.00 million, a P/E ratio of -6.14 and a beta of 2.12. LendingTree has a twelve month low of $10.12 and a twelve month high of $62.49.

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 firm had revenue of $210.10 million for the quarter, compared to analysts’ expectations of $187.41 million. During the same period last year, the firm earned $0.43 earnings per share. LendingTree’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, sell-side analysts forecast that LendingTree will post -0.36 earnings per share for the current fiscal year.

Institutional Trading of LendingTree

Institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC raised its position in LendingTree by 3.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 66,314 shares of the financial services provider’s stock valued at $2,808,000 after purchasing an additional 2,146 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in LendingTree by 5.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,885 shares of the financial services provider’s stock valued at $1,435,000 after purchasing an additional 1,605 shares during the last quarter. Empowered Funds LLC raised its position in LendingTree by 7.9% in the 1st quarter. Empowered Funds LLC now owns 31,136 shares of the financial services provider’s stock valued at $1,318,000 after purchasing an additional 2,275 shares during the last quarter. Susquehanna Fundamental Investments LLC raised its position in LendingTree by 185.2% in the 1st quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 12,889 shares during the last quarter. Finally, Headlands Technologies LLC raised 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 last quarter. 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.