LendingTree (NASDAQ:TREE) Rating Increased to Buy at StockNews.com

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

A number of other research analysts also recently commented on the company. Truist Financial increased their target price on LendingTree from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Oppenheimer increased their target price on LendingTree from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Susquehanna raised their price target on LendingTree from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Needham & Company LLC raised their price target on LendingTree from $56.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Stephens raised their price target on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, LendingTree presently has an average rating of “Moderate Buy” and a consensus target price of $58.13.

LendingTree Trading Down 0.7 %

Shares of TREE opened at $53.37 on Friday. The company has a market capitalization of $705.82 million, a P/E ratio of -5.14 and a beta of 2.12. LendingTree has a one year low of $10.12 and a one year high of $62.49. 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 moving average price of $56.46 and a 200 day moving average price of $48.63.

LendingTree (NASDAQ:TREE) last released its earnings results 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). LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%. The firm had revenue of $210.10 million for the quarter, compared to the consensus estimate of $187.41 million. During the same period in the prior year, the business earned $0.43 EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. Sell-side analysts forecast that LendingTree will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On LendingTree

Several hedge funds have recently modified their holdings of TREE. Hennessy Advisors Inc. acquired a new position in shares of LendingTree during the 2nd quarter valued at $8,380,000. Acadian Asset Management LLC boosted its stake in shares of LendingTree by 53.9% during the 1st quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock worth $10,868,000 after acquiring an additional 89,900 shares in the last quarter. Renaissance Technologies LLC boosted 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 worth $12,182,000 after acquiring an additional 58,500 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in shares of LendingTree during the 2nd quarter worth $1,360,000. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in shares of LendingTree by 9.3% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after acquiring an additional 23,995 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors and hedge funds.

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.