LendingTree (NASDAQ:TREE – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.
Other analysts also recently issued research reports about the stock. Truist Financial decreased their price objective on shares of LendingTree from $78.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LendingTree in a research report on Monday, September 21st. Keefe, Bruyette & Woods decreased their price target on LendingTree from $70.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Zacks Research cut LendingTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, Needham & Company LLC lowered their price objective on shares of LendingTree from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.33.
Check Out Our Latest Stock Analysis on TREE
LendingTree Stock Performance
NASDAQ TREE opened at $26.81 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.20. LendingTree has a 12-month low of $23.50 and a 12-month high of $68.93. The firm has a 50-day moving average price of $26.85 and a two-hundred day moving average price of $35.46. The company has a market capitalization of $376.41 million, a P/E ratio of 10.17 and a beta of 2.04.
LendingTree (NASDAQ:TREE – Get Free Report) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $0.68 EPS 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 company had revenue of $313.42 million during the quarter, compared to the consensus estimate of $315.56 million. During the same period last year, the company posted $1.13 EPS. The firm’s revenue was up 25.3% compared to the same quarter last year. Analysts anticipate that LendingTree will post 3.49 earnings per share for the current year.
Hedge Funds Weigh In On LendingTree
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC boosted its position in shares of LendingTree by 578.8% in 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 period. Counterpoint Mutual Funds LLC acquired a new stake in LendingTree during the third quarter worth $359,000. State of Alaska Department of Revenue raised its stake in LendingTree by 55.4% during the third quarter. State of Alaska Department of Revenue now owns 9,323 shares of the financial services provider’s stock worth $227,000 after acquiring an additional 3,325 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in LendingTree during the 2nd quarter worth about $42,000. Finally, IFP Advisors Inc raised its holdings in LendingTree by 572.0% during the 2nd 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. 68.26% of the stock is currently owned by institutional investors and hedge funds.
About LendingTree
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.
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