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

LendingTree (NASDAQ:TREE) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

TREE has been the subject of a number of other reports. Truist Financial set a $62.00 target price on LendingTree and gave the company a “buy” rating in a research note on Monday, August 4th. Needham & Company LLC raised their price target on shares of LendingTree from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $65.38.

LendingTree Stock Performance

Shares of LendingTree stock opened at $63.52 on Monday. The firm has a market cap of $865.14 million, a PE ratio of -15.65 and a beta of 1.58. The firm’s 50-day simple moving average is $42.72 and its 200-day simple moving average is $43.39. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.22 and a current ratio of 1.22. LendingTree has a 1 year low of $33.50 and a 1 year high of $65.42.

LendingTree (NASDAQ:TREE) last issued its earnings results on Thursday, July 31st. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. The business 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%. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. Equities analysts forecast that LendingTree will post 0.48 earnings per share for the current fiscal year.

Insider Transactions at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 1,250 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $36.24, for a total value of $45,300.00. Following the completion of the sale, the general counsel owned 2,028 shares in the company, valued at $73,494.72. This represents a 38.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LendingTree

A number of large investors have recently bought and sold shares of the business. Marshall Wace LLP acquired a new position in LendingTree in the 4th quarter valued at $956,000. Raymond James Financial Inc. acquired a new position in LendingTree in the 4th quarter valued at $1,254,000. Wealth Enhancement Advisory Services LLC grew its stake in LendingTree by 68.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,921 shares of the financial services provider’s stock valued at $298,000 after buying an additional 2,397 shares during the last quarter. Deutsche Bank AG grew its stake in LendingTree by 280.6% in the 4th quarter. Deutsche Bank AG now owns 25,242 shares of the financial services provider’s stock valued at $978,000 after buying an additional 18,610 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in LendingTree by 4,926.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,262 shares of the financial services provider’s stock valued at $114,000 after buying an additional 2,217 shares during the last quarter. 68.26% of the stock is currently owned by institutional investors.

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.