LendingTree (NASDAQ:TREE) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of LendingTree (NASDAQ:TREE) from a buy rating to a strong-buy rating in a report published on Sunday morning.

Several other equities research analysts have also commented on TREE. Truist Financial set a $62.00 price objective on LendingTree and gave the stock a “buy” rating in a research note on Monday, August 4th. Zacks Research lowered LendingTree from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings restated a “sell (d-)” rating on shares of LendingTree in a research note on Wednesday, October 8th. Oppenheimer set a $85.00 price objective on LendingTree and gave the stock an “outperform” rating in a research note on Friday. Finally, JPMorgan Chase & Co. upped their price objective on LendingTree from $66.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, LendingTree presently has a consensus rating of “Moderate Buy” and an average price target of $72.86.

LendingTree Price Performance

NASDAQ TREE opened at $64.00 on Friday. The business’s fifty day moving average price is $65.89 and its 200-day moving average price is $51.08. The stock has a market capitalization of $871.68 million, a price-to-earnings ratio of -15.76 and a beta of 1.71. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.22 and a quick ratio of 1.22. LendingTree has a 1-year low of $33.50 and a 1-year high of $77.35.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.23 by $0.47. The firm had revenue of $307.80 million during the quarter, compared to analyst estimates of $278.36 million. LendingTree had a positive return on equity of 25.79% and a negative net margin of 5.33%.LendingTree’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. LendingTree has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts predict that LendingTree will post 0.48 earnings per share for the current year.

Insiders Place Their Bets

In other LendingTree news, CFO Jason Bengel sold 6,469 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.86, for a total value of $445,455.34. Following the completion of the sale, the chief financial officer owned 6,517 shares in the company, valued at approximately $448,760.62. This represents a 49.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Diego A. Rodriguez sold 1,200 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $69.78, for a total value of $83,736.00. Following the completion of the sale, the director owned 8,113 shares of the company’s stock, valued at $566,125.14. The trade was a 12.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 8,669 shares of company stock worth $598,331. Corporate insiders own 23.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AlphaQuest LLC boosted its holdings in shares of LendingTree by 11.4% during the 2nd quarter. AlphaQuest LLC now owns 2,212 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 227 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of LendingTree by 25.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,141 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 230 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of LendingTree by 1.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,899 shares of the financial services provider’s stock valued at $886,000 after purchasing an additional 301 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of LendingTree by 272.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 462 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 338 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of LendingTree during the 3rd quarter valued at about $35,000. 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.