LendingTree (NASDAQ:TREE) Trading 5.5% Higher

Shares of LendingTree, Inc. (NASDAQ:TREE) rose 5.5% during trading on Thursday . The stock traded as high as $60.15 and last traded at $59.53. Approximately 53,728 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 240,367 shares. The stock had previously closed at $56.43.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TREE. Oppenheimer raised their price objective on LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Susquehanna raised their price target on LendingTree from $42.00 to $50.00 and gave the company a “neutral” 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. Needham & Company LLC raised their target price on shares of LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, 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. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, LendingTree currently has an average rating of “Moderate Buy” and a consensus price target of $58.13.

LendingTree Stock Up 0.4 %

The stock has a market cap of $766.12 million, a P/E ratio of -5.58 and a beta of 2.11. The company’s fifty day moving average price is $48.58 and its 200-day moving average price is $43.60. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.82 and a current ratio of 1.82.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings data 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). The firm had revenue of $210.10 million during the quarter, compared to the consensus estimate of $187.41 million. LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. Equities analysts forecast that LendingTree, Inc. will post -0.52 EPS for the current year.

Hedge Funds Weigh In On LendingTree

Hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC boosted its stake in shares of LendingTree by 16.8% during the first 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 period. Price T Rowe Associates Inc. MD grew its stake in LendingTree by 1.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock worth $697,000 after acquiring an additional 295 shares in the last quarter. CWM LLC increased its position in shares of LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 420 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of LendingTree by 5.0% during the first 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 acquiring an additional 1,605 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of LendingTree by 8.9% during the fourth quarter. Hsbc Holdings PLC now owns 23,862 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 1,957 shares in the last quarter. Institutional investors own 68.26% of the company’s stock.

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.