LendingTree (NASDAQ:TREE) Cut to Hold at StockNews.com

StockNews.com downgraded shares of LendingTree (NASDAQ:TREE) from a buy rating to a hold rating in a research note published on Saturday morning.

TREE has been the topic of a number of other research reports. Truist Financial raised their target price on shares of LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday. Oppenheimer raised their target price on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday. Stephens lifted their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Susquehanna lifted their price target on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Friday. Finally, Northland Securities lifted their price target 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Stock Up 1.8 %

Shares of NASDAQ TREE opened at $45.99 on Friday. LendingTree has a 1 year low of $13.87 and a 1 year high of $62.49. The firm’s 50 day moving average price is $56.15 and its 200 day moving average price is $49.38. The firm has a market cap of $613.44 million, a P/E ratio of -17.03 and a beta of 2.11. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.82 and a current ratio of 1.82.

Hedge Funds Weigh In On LendingTree

Several hedge funds and other institutional investors have recently made changes to their positions in TREE. CWM LLC increased its stake in LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after buying an additional 420 shares during the period. nVerses Capital LLC increased its position in shares of LendingTree by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 800 shares during the last quarter. Headlands Technologies LLC increased its position in shares of LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 270 shares during the last quarter. Quest Partners LLC bought a new stake in shares of LendingTree in the 2nd quarter worth about $132,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of LendingTree in the 2nd quarter worth about $139,000. Institutional investors and hedge funds 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.