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

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

A number of other analysts have also recently issued reports on TREE. JPMorgan Chase & Co. boosted their target price on LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Truist Financial restated a “buy” rating and issued a $55.00 price target (up previously from $37.00) on shares of LendingTree in a report on Wednesday. Oppenheimer upped their price target on LendingTree from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday. Susquehanna upped their price target on LendingTree from $15.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods upped their price target on LendingTree from $45.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $48.50.

LendingTree Trading Up 0.2 %

Shares of NASDAQ:TREE traded up $0.08 during trading on Thursday, reaching $49.41. 238,738 shares of the stock were exchanged, compared to its average volume of 253,616. The company has a quick ratio of 2.60, a current ratio of 3.71 and a debt-to-equity ratio of 4.80. LendingTree has a 12-month low of $10.12 and a 12-month high of $51.72. The firm’s 50-day moving average price is $39.52 and its 200 day moving average price is $29.88.

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, topping analysts’ consensus estimates of $0.14 by $0.14. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. The business had revenue of $134.40 million during the quarter, compared to analysts’ expectations of $135.55 million. During the same quarter in the previous year, the business earned ($0.53) EPS. Equities analysts forecast that LendingTree will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On LendingTree

Several institutional investors and hedge funds have recently made changes to their positions in TREE. SG Americas Securities LLC raised its position 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 valued at $156,000 after acquiring an additional 5,276 shares in the last quarter. Intellectus Partners LLC raised its position in shares of LendingTree by 14.6% during the 3rd quarter. Intellectus Partners LLC now owns 16,050 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 2,050 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of LendingTree by 13.9% during the 3rd 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 in the last quarter. Olympiad Research LP raised its position in shares of LendingTree by 36.4% during the 3rd quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 3,336 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of LendingTree during the 3rd quarter valued at approximately $205,000. 68.26% of the stock is owned by institutional investors and hedge funds.

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.