Harbour Capital Advisors LLC bought a new position in LendingTree, Inc. (NASDAQ:TREE – Free Report) 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 – Get Free Report) 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.
Further Reading
- Five stocks we like better than LendingTree
- What Are Dividend Achievers? An Introduction
- Survey Reveals: America’s Most Coveted Businesses in 2024
- Why Invest in High-Yield Dividend Stocks?
- Top 3 Stocks to Play Oil’s Potential Comeback Rally
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Analysts See Growth in CrowdStrike Stock Despite July Setback
Want to see what other hedge funds are holding TREE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LendingTree, Inc. (NASDAQ:TREE – Free Report).
Receive News & Ratings for LendingTree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingTree and related companies with MarketBeat.com's FREE daily email newsletter.