LendingTree (NASDAQ:TREE) Stock Rating Upgraded by StockNews.com

LendingTree (NASDAQ:TREE) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other analysts have also commented on TREE. Susquehanna raised their price objective on LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Needham & Company LLC raised their price objective on LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 26th. Northland Securities raised their price objective on LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Stephens raised their price objective on LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, Oppenheimer raised their price objective on LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.13.

LendingTree Stock Up 0.4 %

LendingTree stock opened at $60.12 on Thursday. The firm has a market cap of $802.00 million, a price-to-earnings ratio of -6.14 and a beta of 2.12. LendingTree has a 52 week low of $10.12 and a 52 week high of $62.49. The business’s 50-day moving average price is $55.72 and its 200 day moving average price is $48.07. 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 (NASDAQ:TREE) last posted 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 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 analyst estimates of $187.41 million. During the same period last year, the business earned $0.43 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts anticipate that LendingTree will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On LendingTree

Hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC lifted its position in LendingTree by 185.2% during the first quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock worth $840,000 after buying an additional 12,889 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in LendingTree by 697.5% during the first quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock worth $535,000 after buying an additional 11,049 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in LendingTree by 9.3% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after buying an additional 23,995 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position 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 in the last quarter. Finally, Acadian Asset Management LLC lifted its position in 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 buying an additional 89,900 shares in the last quarter. Hedge funds and other institutional investors 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.