LendingTree (NASDAQ:TREE) Rating Increased to Buy at StockNews.com

LendingTree (NASDAQ:TREE) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

TREE has been the subject of several other reports. Needham & Company LLC lifted their price objective on shares of LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Truist Financial boosted their target price on shares of LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Northland Securities increased their price target on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Oppenheimer lifted their price objective on LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Finally, Susquehanna upped their target price on LendingTree from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, LendingTree presently has an average rating of “Moderate Buy” and a consensus price target of $58.13.

LendingTree Price Performance

NASDAQ TREE opened at $60.10 on Friday. The stock’s fifty day moving average price is $52.83 and its 200 day moving average price is $45.71. LendingTree has a 1 year low of $10.12 and a 1 year high of $62.27. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market cap of $794.82 million, a price-to-earnings ratio of -5.79 and a beta of 2.12.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $210.10 million during the quarter, compared to analyst estimates of $187.41 million. During the same period in the prior year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, equities research analysts forecast that LendingTree will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On LendingTree

Several hedge funds have recently modified their holdings of TREE. AQR Capital Management LLC raised its holdings in LendingTree by 4.0% in the 2nd quarter. AQR Capital Management LLC now owns 71,120 shares of the financial services provider’s stock worth $2,898,000 after purchasing an additional 2,707 shares during the period. Sei Investments Co. increased its position in shares of LendingTree by 124.6% in the second quarter. Sei Investments Co. now owns 11,658 shares of the financial services provider’s stock valued at $485,000 after buying an additional 6,467 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of LendingTree by 25.0% during the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock worth $12,182,000 after buying an additional 58,500 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of LendingTree during the 2nd quarter valued at approximately $139,000. Finally, American Century Companies Inc. grew its stake in LendingTree by 30.4% in the 2nd quarter. American Century Companies Inc. now owns 17,203 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 4,010 shares during the period. 68.26% of the stock is owned by hedge funds and other institutional investors.

About LendingTree

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.