LendingTree (NASDAQ:TREE) Upgraded by StockNews.com to Buy Rating

LendingTree (NASDAQ:TREE) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Other research analysts have also recently issued reports about the company. Stephens increased their price target on LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Truist Financial increased their price target on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC increased their price target on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods increased their price target on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Northland Securities increased their price objective on LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, LendingTree has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Stock Down 1.6 %

NASDAQ TREE opened at $47.42 on Friday. The business has a fifty day moving average price of $55.33 and a two-hundred day moving average price of $49.62. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 1.82. LendingTree has a fifty-two week low of $13.87 and a fifty-two week high of $62.49. The stock has a market capitalization of $633.63 million, a PE ratio of -17.56 and a beta of 2.11.

Institutional Trading of LendingTree

A number of large investors have recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC grew its stake in shares of LendingTree by 185.2% in the 1st quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock valued at $840,000 after buying an additional 12,889 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of LendingTree by 697.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock valued at $535,000 after buying an additional 11,049 shares during the period. Emerald Mutual Fund Advisers Trust grew its stake in shares of LendingTree by 9.3% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock valued at $11,676,000 after buying an additional 23,995 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of LendingTree by 6.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock valued at $15,419,000 after buying an additional 22,581 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of LendingTree by 53.9% in the 1st quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock valued at $10,868,000 after buying an additional 89,900 shares during the period. 68.26% of the stock is currently owned by institutional investors and hedge funds.

About LendingTree

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.