LendingTree (NASDAQ:TREE) Downgraded by Wall Street Zen to "Hold"

LendingTree (NASDAQ:TREE - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday, Wall Street Zen reports.

Several other equities analysts also recently commented on the company. Northland Securities set a $60.00 target price on LendingTree in a research report on Thursday, July 30th. Weiss Ratings cut LendingTree from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, November 9th. Truist Financial reduced their price target on LendingTree from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, November 4th. JPMorgan Chase & Co. decreased their price objective 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 lowered their price objective on LendingTree from $60.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, LendingTree has an average rating of "Moderate Buy" and an average target price of $53.60.

LendingTree Stock Performance

Shares of TREE traded up $0.45 during mid-day trading on Friday, reaching $35.76. The company's stock had a trading volume of 221,678 shares, compared to its average volume of 409,727. LendingTree has a 1-year low of $23.50 and a 1-year high of $68.93. The stock has a market cap of $502.07 million, a P/E ratio of 5.09 and a beta of 1.99. The business has a 50-day simple moving average of $27.68 and a two-hundred day simple moving average of $36.86. The company has a current ratio of 1.57, a quick ratio of 1.85 and a debt-to-equity ratio of 1.29.

LendingTree (NASDAQ:TREE - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The financial services provider reported ($5.15) earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($6.41). LendingTree had a return on equity of 15.92% and a net margin of 7.60%. The business had revenue of $343.59 million for the quarter, compared to analyst estimates of $329.72 million. During the same period in the previous year, the firm posted $1.70 earnings per share. The firm's revenue was up 11.6% compared to the same quarter last year. As a group, equities research analysts anticipate that LendingTree will post 3.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. IFP Advisors Inc boosted its stake in shares of LendingTree by 572.0% in the second quarter. IFP Advisors Inc now owns 719 shares of the financial services provider's stock valued at $32,000 after buying an additional 612 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of LendingTree during the 2nd quarter valued at $42,000. Asset Management One Co. Ltd. lifted its position in shares of LendingTree by 54.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,743 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 613 shares during the period. Signaturefd LLC grew 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 worth $68,000 after purchasing an additional 2,379 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew 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 worth $181,000 after purchasing an additional 2,336 shares in the last quarter. 68.26% of the stock is owned by institutional investors.

About LendingTree

LendingTree, Inc. operates an online marketplace that connects consumers with financial institutions and other providers. Through its platform, users can compare offers and seek products such as mortgages, personal and auto loans, credit cards, insurance, and deposit accounts. Founded in 1996 by Doug Lebda, LendingTree helped bring loan comparison shopping online. The company serves consumers in the United States and also operates comparison and financial-information websites, including CompareCards and ValuePenguin.

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