LendingTree (NASDAQ:TREE) Upgraded to Buy by StockNews.com

LendingTree (NASDAQ:TREE) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Several other research analysts also recently weighed in on the company. Oppenheimer boosted their price target on LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Northland Securities increased their target price on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Susquehanna raised their price target on 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 upped their price objective on shares of LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Stephens raised their target price on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.13.

LendingTree Trading Down 0.7 %

LendingTree stock opened at $53.37 on Friday. The stock has a market cap of $705.82 million, a PE ratio of -5.14 and a beta of 2.12. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21. The stock has a 50-day moving average price of $56.46 and a 200 day moving average price of $48.63. LendingTree has a 52 week low of $10.12 and a 52 week high of $62.49.

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

Institutional Trading of LendingTree

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. grew its stake in LendingTree by 6.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock worth $15,419,000 after buying an additional 22,581 shares during the period. Emerald Advisers LLC boosted its position in LendingTree by 0.7% during the 2nd quarter. Emerald Advisers LLC now owns 345,892 shares of the financial services provider’s stock worth $14,386,000 after purchasing an additional 2,247 shares during the period. Renaissance Technologies LLC increased 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 in the last quarter. Emerald Mutual Fund Advisers Trust raised its position in LendingTree by 9.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock valued at $11,676,000 after purchasing an additional 23,995 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of LendingTree by 53.9% during the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock worth $10,868,000 after purchasing an additional 89,900 shares in the last quarter. 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.