Wall Street Zen Upgrades LendingTree (NASDAQ:TREE) to “Buy”

LendingTree (NASDAQ:TREE) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

TREE has been the subject of a number of other research reports. Northland Securities set a $60.00 price objective on shares of LendingTree in a research note on Thursday, July 30th. Truist Financial dropped their target price on LendingTree from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of LendingTree in a report on Monday, September 21st. JPMorgan Chase & Co. cut their price target on LendingTree from $48.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, November 4th. Finally, Needham & Company LLC reduced their price target on LendingTree from $60.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.60.

LendingTree Price Performance

Shares of TREE opened at $37.01 on Friday. The company has a 50 day moving average price of $26.89 and a 200-day moving average price of $37.55. LendingTree has a fifty-two week low of $23.50 and a fifty-two week high of $68.93. The stock has a market capitalization of $519.62 million, a PE ratio of 5.27 and a beta of 1.99. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.85 and a current ratio of 1.57.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported ($5.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($6.41). The business had revenue of $343.59 million for the quarter, compared to the consensus estimate of $329.72 million. LendingTree had a net margin of 7.60% and a return on equity of 15.92%. LendingTree’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.70 earnings per share. Equities analysts predict that LendingTree will post 3.49 earnings per share for the current fiscal year.

Institutional Trading of LendingTree

A number of institutional investors have recently modified their holdings of the company. IFP Advisors Inc grew its holdings in LendingTree by 572.0% in the second quarter. IFP Advisors Inc now owns 719 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 612 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of LendingTree by 54.2% during the third quarter. Asset Management One Co. Ltd. now owns 1,743 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 613 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of LendingTree during the 2nd quarter valued at $42,000. Public Employees Retirement System of Ohio lifted its holdings in shares of LendingTree by 123.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 4,227 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 2,336 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of LendingTree by 578.8% during the 3rd quarter. Signaturefd LLC now owns 2,790 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 2,379 shares during the last quarter. 68.26% of the stock is currently owned by institutional investors.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that helps consumers compare financial products and services from a network of lenders, insurers and other providers. Its platform is designed to connect shoppers with potential offers based on their financial needs and preferences.

The company’s marketplace includes products such as mortgages and other home loans, personal loans, business loans, auto loans, credit cards, insurance and deposit accounts. LendingTree also provides educational content, comparison tools and financial guidance intended to help consumers evaluate borrowing, insurance and saving options.

Founded in 1996 by Doug Lebda, LendingTree is headquartered in Charlotte, North Carolina, and primarily serves consumers in the United States.