LendingTree (NASDAQ:TREE) Stock Rating Upgraded by Wall Street Zen

Key Points

• LendingTree has been upgraded by Wall Street Zen from a "hold" to a "buy" rating, reflecting positive sentiments among analysts regarding the company's stock.
• The current consensus rating for LendingTree is "Buy," with a price target averaging at $65.13, following recent upgrades from multiple analysts.
• LendingTree's stock has seen a 6.0% increase recently, and it reported a quarterly earnings per share of $1.13, surpassing analyst expectations.

LendingTree (NASDAQ:TREE - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Other analysts also recently issued reports about the company. Needham & Company LLC raised their price objective on LendingTree from $62.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday. Truist Financial decreased their price objective on shares of LendingTree from $72.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, May 5th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, LendingTree currently has an average rating of "Buy" and an average price target of $65.38.

LendingTree Price Performance

Shares of NASDAQ:TREE traded up $0.14 during trading on Friday, reaching $53.23. The stock had a trading volume of 450,278 shares, compared to its average volume of 319,118. LendingTree has a 1-year low of $33.50 and a 1-year high of $62.49. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.20 and a current ratio of 1.22. The business has a fifty day moving average price of $38.42 and a 200-day moving average price of $42.50. The stock has a market cap of $720.20 million, a PE ratio of -13.11 and a beta of 1.58.

LendingTree (NASDAQ:TREE - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.04. The firm had revenue of $250.10 million for the quarter, compared to analyst estimates of $244.03 million. LendingTree had a negative net margin of 5.33% and a positive return on equity of 25.79%. LendingTree's revenue was up 19.0% compared to the same quarter last year. On average, equities analysts forecast that LendingTree will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Heather Enlow-Novitsky sold 1,250 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $36.24, for a total value of $45,300.00. Following the transaction, the general counsel owned 2,028 shares in the company, valued at $73,494.72. The trade was a 38.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 23.40% of the company's stock.

Institutional Investors Weigh In On LendingTree

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in shares of LendingTree by 248.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock worth $46,000 after purchasing an additional 848 shares during the last quarter. CANADA LIFE ASSURANCE Co purchased a new position in LendingTree during the fourth quarter worth $56,000. KLP Kapitalforvaltning AS acquired a new position in shares of LendingTree in the fourth quarter worth $70,000. Lazard Asset Management LLC lifted its position in shares of LendingTree by 4,509.1% in the fourth quarter. Lazard Asset Management LLC now owns 2,028 shares of the financial services provider's stock valued at $78,000 after acquiring an additional 1,984 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in LendingTree by 11.4% in 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. Institutional investors and hedge funds own 68.26% of the company's stock.

LendingTree Company Profile

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.