LendingTree (NASDAQ:TREE) Stock Rating Lowered by StockNews.com

LendingTree (NASDAQ:TREE) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Several other equities research analysts have also recently weighed in on TREE. Stephens upped their target price on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Needham & Company LLC boosted their price objective on LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Truist Financial upped their price target on LendingTree from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Susquehanna increased their target price on shares of LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Finally, Oppenheimer increased their price target on LendingTree from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $58.13.

LendingTree Price Performance

Shares of TREE opened at $57.03 on Wednesday. LendingTree has a 52-week low of $10.12 and a 52-week high of $62.27. 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 stock has a 50 day simple moving average of $53.90 and a 200 day simple moving average of $47.28. The firm has a market capitalization of $760.78 million, a PE ratio of -5.49 and a beta of 2.12.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.19). The company had revenue of $210.10 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. Sell-side analysts predict that LendingTree will post -0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. CWM LLC increased its holdings in LendingTree by 262.1% during the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,578 shares during the period. AQR Capital Management LLC grew its position 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. boosted its holdings 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 worth $485,000 after buying an additional 6,467 shares during the last quarter. Renaissance Technologies LLC grew 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 valued at $12,182,000 after acquiring an additional 58,500 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in LendingTree during the 2nd quarter valued at approximately $139,000. Hedge funds and other 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.