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

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

Other equities research analysts have also issued research reports about the stock. Susquehanna raised their price target on shares of LendingTree from $42.00 to $50.00 and gave the stock a neutral rating in a research note on Friday, July 26th. Needham & Company LLC raised their price objective on shares of LendingTree from $56.00 to $67.00 and gave the stock a buy rating in a report on Friday, July 26th. Truist Financial raised their price objective on shares of LendingTree from $55.00 to $60.00 and gave the stock a buy rating in a report on Friday, July 26th. Stephens raised their price objective on shares of LendingTree from $55.00 to $65.00 and gave the stock an overweight rating in a report on Monday, July 29th. Finally, Oppenheimer raised their price objective on shares of LendingTree from $55.00 to $65.00 and gave the stock an outperform rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $58.13.

LendingTree Trading Up 0.4 %

Shares of TREE stock opened at $60.10 on Friday. The company has a 50 day moving average of $52.83 and a 200-day moving average of $45.75. 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 12-month low of $10.12 and a 12-month high of $62.27. The firm has a market cap of $794.82 million, a P/E ratio of -5.79 and a beta of 2.12.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $210.10 million for the quarter, compared to analysts’ expectations of $187.41 million. During the same quarter in the previous year, the business earned $0.43 EPS. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. Sell-side analysts anticipate that LendingTree will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings 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 valued at $2,898,000 after purchasing an additional 2,707 shares during the period. Sei Investments Co. boosted its holdings in LendingTree by 124.6% in the 2nd quarter. Sei Investments Co. now owns 11,658 shares of the financial services provider’s stock valued at $485,000 after purchasing an additional 6,467 shares during the period. Renaissance Technologies LLC boosted its holdings in LendingTree by 25.0% in the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock valued at $12,182,000 after purchasing an additional 58,500 shares during the period. Meeder Asset Management Inc. bought a new position in LendingTree in the 2nd quarter valued at $139,000. Finally, American Century Companies Inc. boosted its holdings in LendingTree by 30.4% in the 2nd quarter. American Century Companies Inc. now owns 17,203 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 4,010 shares during the period. 68.26% of the stock is owned by institutional investors.

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.