LendingTree (NASDAQ:TREE - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.
TREE has been the subject of a number of other research reports. Zacks Research downgraded shares of LendingTree from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 30th. Northland Securities set a $60.00 price objective on shares of LendingTree in a report on Thursday, July 30th. Needham & Company LLC decreased their target price on shares of LendingTree from $60.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Keefe, Bruyette & Woods decreased their target price on shares of LendingTree from $70.00 to $58.00 and set an "outperform" rating for the company in a research report on Monday, July 13th. Finally, Truist Financial lowered their target price on shares of LendingTree from $78.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.33.
Get Our Latest Stock Analysis on TREE
LendingTree Trading Up 2.4%
Shares of LendingTree stock opened at $28.96 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 $27.70 and a 52 week high of $77.35. The stock has a 50 day moving average price of $37.78 and a two-hundred day moving average price of $39.64. The stock has a market capitalization of $406.60 million, a PE ratio of 2.24 and a beta of 2.04.
LendingTree (NASDAQ:TREE - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.73). LendingTree had a net margin of 14.33% and a return on equity of 14.57%. 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% compared to the same quarter last year. As a group, equities analysts anticipate that LendingTree will post 3.49 earnings per share for the current fiscal year.
Institutional Investors Weigh In On LendingTree
Institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its position in shares of LendingTree by 33.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 274,366 shares of the financial services provider's stock worth $11,765,000 after buying an additional 68,466 shares in the last quarter. Punch & Associates Investment Management Inc. bought a new position in shares of LendingTree in the second quarter valued at approximately $32,140,000. S Squared Technology LLC bought a new position in shares of LendingTree in the second quarter valued at approximately $4,795,190. Jennison Associates LLC purchased a new stake in shares of LendingTree during the fourth quarter valued at approximately $31,120,000. Finally, Jacobs Asset Management LLC purchased a new stake in shares of LendingTree during the first quarter valued at approximately $643,000. 68.26% of the stock is owned by hedge funds and other institutional investors.
About LendingTree
(
Get Free Report)
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.
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