LendingTree (NASDAQ:TREE) Shares Up 8.6%

LendingTree, Inc. (NASDAQ:TREE) shares traded up 8.6% during mid-day trading on Friday . The company traded as high as $56.73 and last traded at $56.40. 152,561 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 240,267 shares. The stock had previously closed at $51.91.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a report on Tuesday, August 13th. Needham & Company LLC upped their price objective on LendingTree from $56.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Northland Securities upped their price objective on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Truist Financial upped their price objective on LendingTree from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Susquehanna upped their price objective on LendingTree from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.13.

LendingTree Stock Performance

The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.82 and a current ratio of 1.82. The business has a 50 day moving average price of $46.58 and a two-hundred day moving average price of $42.54. The company has a market cap of $764.52 million, a P/E ratio of -5.28 and a beta of 2.11.

LendingTree (NASDAQ:TREE) last released its quarterly 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). The business had revenue of $210.10 million for the quarter, compared to the consensus estimate 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 previous year, the company earned $0.43 EPS. On average, sell-side analysts anticipate that LendingTree, Inc. will post -0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC raised its position in LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 420 shares during the last quarter. Headlands Technologies LLC raised its position in LendingTree by 16.8% during 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 worth approximately $132,000. Meeder Asset Management Inc. purchased a new position in shares of LendingTree in the 2nd quarter valued at approximately $139,000. Finally, Versor Investments LP purchased a new position in shares of LendingTree in the 2nd quarter valued at approximately $204,000. 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.