LendingTree (NASDAQ:TREE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other analysts have also recently weighed in on the company. Zacks Research cut LendingTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of LendingTree in a report on Wednesday, June 24th. Keefe, Bruyette & Woods cut their target price on shares of LendingTree from $70.00 to $58.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Northland Securities set a $60.00 target price on shares of LendingTree in a report on Thursday, July 30th. Finally, Truist Financial decreased their price target on shares of LendingTree from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, LendingTree presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.33.

LendingTree Stock Down 3.2%

Shares of TREE opened at $28.04 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.85 and a current ratio of 1.85. LendingTree has a 52 week low of $27.51 and a 52 week high of $77.35. The stock has a market capitalization of $393.68 million, a price-to-earnings ratio of 2.17 and a beta of 2.04. The stock has a fifty day moving average of $37.60 and a 200-day moving average of $39.47.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.73). LendingTree had a return on equity of 14.57% and a net margin of 14.33%.The firm had revenue of $313.42 million for the quarter, compared to the consensus estimate of $315.56 million. During the same quarter in the prior year, the firm earned $1.13 EPS. The company’s revenue was up 25.3% on a year-over-year basis. As a group, sell-side analysts anticipate that LendingTree will post 3.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LendingTree

A number of institutional investors and hedge funds have recently modified their holdings of TREE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of LendingTree by 1.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,899 shares of the financial services provider’s stock worth $886,000 after buying an additional 301 shares during the last quarter. Swiss National Bank increased its position in shares of LendingTree by 2.2% during the fourth quarter. Swiss National Bank now owns 22,800 shares of the financial services provider’s stock valued at $1,210,000 after acquiring an additional 500 shares during the last quarter. Fifth Third Bancorp bought a new stake in LendingTree during the fourth quarter worth $32,000. Price T Rowe Associates Inc. MD lifted its holdings in LendingTree by 5.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,398 shares of the financial services provider’s stock worth $606,000 after acquiring an additional 612 shares during the period. Finally, Creative Planning lifted its holdings in LendingTree by 12.4% during the third quarter. Creative Planning now owns 6,450 shares of the financial services provider’s stock worth $418,000 after acquiring an additional 710 shares during the period. 68.26% of the stock is currently owned by institutional investors.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.