LendingTree (NASDAQ:TREE) Lifted to “Buy” at StockNews.com

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

Other equities research analysts have also recently issued reports about the stock. Susquehanna increased their price objective on shares of LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Truist Financial upped their target price on shares of LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Needham & Company LLC upped 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. Northland Securities upped their target price on shares of LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Finally, Oppenheimer upped their target price on shares of LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, LendingTree currently has an average rating of “Moderate Buy” and a consensus target price of $58.13.

LendingTree Stock Performance

NASDAQ:TREE opened at $60.12 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 fifty-two week low of $10.12 and a fifty-two week high of $62.49. The stock has a market cap of $802.00 million, a PE ratio of -6.14 and a beta of 2.12. The firm’s fifty day simple moving average is $55.72 and its 200-day simple moving average is $48.19.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.19). The business 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%. LendingTree’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Analysts expect that LendingTree will post -0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TREE. Los Angeles Capital Management LLC raised its holdings in LendingTree by 3.3% in the first quarter. Los Angeles Capital Management LLC now owns 66,314 shares of the financial services provider’s stock valued at $2,808,000 after buying an additional 2,146 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position 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 worth $1,435,000 after buying an additional 1,605 shares in the last quarter. Empowered Funds LLC grew its position in shares of LendingTree by 7.9% during the first quarter. Empowered Funds LLC now owns 31,136 shares of the financial services provider’s stock worth $1,318,000 after buying an additional 2,275 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its position in shares of LendingTree by 185.2% during the first quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock worth $840,000 after buying an additional 12,889 shares in the last quarter. Finally, Headlands Technologies LLC grew its position 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 worth $80,000 after buying an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.

LendingTree Company Profile

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.