LendingTree (NASDAQ:TREE) Downgraded by StockNews.com

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

Several other equities analysts have also weighed in on the company. Oppenheimer lifted their price target on LendingTree from $55.00 to $65.00 and gave the company an outperform rating in a research note on Tuesday, July 30th. Keefe, Bruyette & Woods boosted their price objective on LendingTree from $45.00 to $60.00 and gave the stock an outperform rating in a research note on Wednesday, May 1st. Northland Securities boosted their price objective on LendingTree from $50.00 to $60.00 and gave the stock a market perform rating in a research note on Friday, July 26th. Needham & Company LLC boosted their price objective on LendingTree from $56.00 to $67.00 and gave the stock a buy rating in a research note on Friday, July 26th. Finally, Truist Financial boosted their price objective on LendingTree from $55.00 to $60.00 and gave the stock a buy rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $58.13.

LendingTree Price Performance

Shares of LendingTree stock opened at $57.93 on Thursday. 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 has a twelve month low of $10.12 and a twelve month high of $62.27. The business has a 50-day moving average price of $48.58 and a 200 day moving average price of $43.72. The firm has a market cap of $772.79 million, a PE ratio of -5.58 and a beta of 2.11.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.54 earnings per share 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 business had revenue of $210.10 million during the quarter, compared to analysts’ expectations of $187.41 million. During the same quarter in the prior year, the firm earned $0.43 EPS. LendingTree’s revenue for the quarter was up 15.1% on a year-over-year basis. Sell-side analysts predict that LendingTree will post -0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LendingTree

A number of large investors have recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. grew its position in shares of LendingTree by 6.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock valued at $15,419,000 after purchasing an additional 22,581 shares in the last quarter. Emerald Advisers LLC grew its position in shares of LendingTree by 0.7% in the second quarter. Emerald Advisers LLC now owns 345,892 shares of the financial services provider’s stock valued at $14,386,000 after purchasing an additional 2,247 shares in the last quarter. Shenkman Capital Management Inc. lifted its holdings in LendingTree by 186.2% in the fourth quarter. Shenkman Capital Management Inc. now owns 343,440 shares of the financial services provider’s stock valued at $10,413,000 after acquiring an additional 223,440 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in LendingTree by 25.0% in the second quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock valued at $12,182,000 after acquiring an additional 58,500 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in LendingTree by 9.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock valued at $11,676,000 after acquiring an additional 23,995 shares during the last quarter. 68.26% of the stock is currently 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.