LendingTree (NASDAQ:TREE – Get Free Report) was upgraded to a “buy” rating from “hold” by investment analysts at StockNews.com in a research note published on Tuesday.

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

Check out our latest research report on LendingTree

LendingTree shares rise 0.3%

LendingTree shares opened at $43.26 on Tuesday. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82. LendingTree has a 1-year low of $10.12 and a 1-year high of $59.00. The company has a 50-day moving average of $45.42 and a 200-day moving average of $41.65. The company has a market cap of $577.09 million, a P/E ratio of -4.17 and a beta of 2.11.

LendingTree (NASDAQ:TREE – Free Report) last released its quarterly earnings results on Thursday, July 25. The financial services provider reported $0.54 earnings per share 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 company posted revenue of $210.10 million for the quarter, compared to analyst estimates of $187.41 million. In the same quarter last year, the company posted earnings per share of $0.43. The company’s revenue for the quarter increased 15.1% year-over-year. As a group, equities analysts forecast that LendingTree will post earnings per share of -$0.52 for the current fiscal year.

Insider activity

In related news, Director Steven Ozonian sold 1,610 shares of the company’s stock on Friday, May 24. The shares were sold at an average price of $44.31, for a total value of $71,339.10. Following the completion of the transaction, the director now owns 6,784 shares of the company’s stock, valued at approximately $300,599.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Insiders own 23.40% of the company’s stock.

Institutional investors comment on LendingTree

Several large investors have recently made changes to their positions in the company. Headlands Technologies LLC increased its position in LendingTree by 16.8% in 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 during the same period. Price T Rowe Associates Inc. MD increased its position in shares of LendingTree by 1.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock worth $697,000 after buying an additional 295 shares in the last quarter. CWM LLC increased its position in shares of LendingTree by 230.8% in the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after buying an additional 420 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of LendingTree by 1.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,280 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 553 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in LendingTree by 8.9% in the fourth quarter. Hsbc Holdings PLC now owns 23,862 shares of the financial services provider’s stock worth $729,000 after purchasing an additional 1,957 shares during the same period. Institutional investors own 68.26% of the company’s stock.

LendingTree Company Profile

(Get free report)

LendingTree, Inc., through its subsidiary, operates an online consumer platform in the United States. The company operates in three segments: Home, Consumer and Insurance. The Home segment offers purchase mortgages, refinance mortgages and home equity loans and lines of credit, as well as real estate brokerage services.

See also

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