Harbour Capital Advisors LLC Makes New $244,000 Investment in LendingTree, Inc. (NASDAQ:TREE)

Harbour Capital Advisors LLC bought a new position in LendingTree, Inc. (NASDAQ:TREE) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,335 shares of the financial services provider’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also bought and sold shares of TREE. CWM LLC lifted its stake in LendingTree by 230.8% in the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 420 shares in the last quarter. nVerses Capital LLC lifted its stake in 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 in the last quarter. Headlands Technologies LLC lifted its stake in 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 in the last quarter. Quest Partners LLC purchased a new stake in LendingTree in the 2nd quarter worth approximately $132,000. Finally, Meeder Asset Management Inc. purchased a new stake in LendingTree in the 2nd quarter worth approximately $139,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TREE has been the topic of a number of research analyst reports. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a report on Thursday. Needham & Company LLC increased their price target on shares of LendingTree from $56.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Susquehanna increased their price target on shares of LendingTree from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Truist Financial increased 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 increased their price target on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.13.

LendingTree Price Performance

TREE stock opened at $60.12 on Friday. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.82 and a current ratio of 1.82. LendingTree, Inc. has a 52 week low of $10.12 and a 52 week high of $62.49. The firm’s fifty day moving average is $55.72 and its 200 day moving average is $48.07. The firm has a market cap of $802.00 million, a P/E ratio of -6.14 and a beta of 2.12.

LendingTree (NASDAQ:TREE) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.19). LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The business 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 posted $0.43 EPS. LendingTree’s revenue for the quarter was up 15.1% on a year-over-year basis. Research analysts predict that LendingTree, Inc. will post -0.36 earnings per share for the current year.

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.