LendingTree (NASDAQ:TREE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

Several other equities analysts also recently commented on the stock. Needham & Company LLC dropped their price objective on shares of LendingTree from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. JPMorgan Chase & Co. decreased their target price on shares of LendingTree from $48.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 4th. Keefe, Bruyette & Woods lowered their price target on shares of LendingTree from $70.00 to $58.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Truist Financial lowered their price target on shares of LendingTree from $70.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LendingTree in a research note on Monday, September 21st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, LendingTree presently has an average rating of “Moderate Buy” and an average price target of $53.60.

LendingTree Price Performance

Shares of TREE stock opened at $36.49 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.57 and a debt-to-equity ratio of 1.29. LendingTree has a twelve month low of $23.50 and a twelve month high of $68.93. The company has a market cap of $512.32 million, a P/E ratio of 11.62 and a beta of 1.99. The business has a fifty day simple moving average of $27.04 and a 200 day simple moving average of $37.40.

LendingTree (NASDAQ:TREE) last issued its earnings results on Tuesday, November 3rd. The financial services provider reported ($5.15) EPS for the quarter, missing the consensus estimate of $1.26 by ($6.41). The business had revenue of $343.59 million for the quarter, compared to analyst estimates of $329.72 million. LendingTree had a return on equity of 15.92% and a net margin of 7.60%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.70 EPS. On average, sell-side analysts forecast that LendingTree will post 3.49 EPS for the current fiscal year.

Institutional Investors Weigh In On LendingTree

Several hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its stake in shares of LendingTree by 33.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 274,366 shares of the financial services provider’s stock valued at $11,765,000 after acquiring an additional 68,466 shares during the last quarter. Punch & Associates Investment Management Inc. bought a new stake in shares of LendingTree in the second quarter worth $32,140,000. Bank of America Corp DE bought a new stake in shares of LendingTree in the second quarter worth $1,825,000. Bank of New York Mellon Corp bought a new stake in shares of LendingTree in the second quarter worth $1,612,000. Finally, S Squared Technology LLC bought a new stake in shares of LendingTree in the second quarter worth $4,795,190. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that helps consumers compare financial products and services from a network of lenders, insurers and other providers. Its platform is designed to connect shoppers with potential offers based on their financial needs and preferences.

The company’s marketplace includes products such as mortgages and other home loans, personal loans, business loans, auto loans, credit cards, insurance and deposit accounts. LendingTree also provides educational content, comparison tools and financial guidance intended to help consumers evaluate borrowing, insurance and saving options.

Founded in 1996 by Doug Lebda, LendingTree is headquartered in Charlotte, North Carolina, and primarily serves consumers in the United States.