LendingTree (NASDAQ:TREE) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Several other research analysts have also weighed in on TREE. Needham & Company LLC upped their target price on LendingTree from $40.00 to $56.00 and gave the stock a buy rating in a research report on Tuesday. Truist Financial restated a buy rating and issued a $55.00 price objective (up previously from $37.00) on shares of LendingTree in a report on Wednesday. Keefe, Bruyette & Woods raised their price objective on shares of LendingTree from $45.00 to $60.00 and gave the company an outperform rating in a research report on Wednesday. Susquehanna boosted their target price on shares of LendingTree from $15.00 to $27.00 and gave the stock a neutral rating in a research report on Wednesday, February 28th. Finally, Oppenheimer increased their price target on shares of LendingTree from $45.00 to $55.00 and gave the stock an outperform rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, LendingTree has an average rating of Moderate Buy and an average target price of $48.50.

LendingTree Stock Up 0.2 %

Shares of TREE stock traded up $0.08 during trading on Thursday, hitting $49.41. 238,738 shares of the company were exchanged, compared to its average volume of 253,616. The business’s 50-day simple moving average is $39.52 and its 200 day simple moving average is $29.88. LendingTree has a twelve month low of $10.12 and a twelve month high of $51.72. The company has a debt-to-equity ratio of 4.80, a quick ratio of 2.60 and a current ratio of 3.71.

LendingTree (NASDAQ:TREE) last issued its earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. The company had revenue of $134.40 million during the quarter, compared to analyst estimates of $135.55 million. During the same quarter last year, the business posted ($0.53) EPS. On average, equities analysts forecast that LendingTree will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On LendingTree

A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC boosted its holdings in shares of LendingTree by 109.9% during the 3rd quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider’s stock worth $156,000 after buying an additional 5,276 shares during the period. Intellectus Partners LLC lifted its position in LendingTree by 14.6% during the 3rd quarter. Intellectus Partners LLC now owns 16,050 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 2,050 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in LendingTree by 13.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,727 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 3,864 shares during the period. Olympiad Research LP grew its position in shares of LendingTree by 36.4% in the third quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 3,336 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of LendingTree in the third quarter worth about $205,000. 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.