LendingTree (NASDAQ:TREE) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a buy rating in a research note issued to investors on Thursday morning.

Other analysts also recently issued reports about the company. Keefe, Bruyette & Woods increased their price objective on LendingTree from $45.00 to $60.00 and gave the company an outperform rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price objective on LendingTree from $25.00 to $38.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. Oppenheimer raised their price target on shares of LendingTree from $45.00 to $55.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. Susquehanna lifted their target price on shares of LendingTree from $15.00 to $27.00 and gave the stock a neutral rating in a research note on Wednesday, February 28th. Finally, Needham & Company LLC upped their price target on shares of LendingTree from $40.00 to $56.00 and gave the company a buy rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, LendingTree currently has a consensus rating of Moderate Buy and an average target price of $48.50.

LendingTree Stock Performance

NASDAQ:TREE opened at $49.41 on Thursday. The stock’s 50-day moving average is $39.52 and its 200-day moving average is $30.13. LendingTree has a 1-year low of $10.12 and a 1-year high of $51.72. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 4.80. The stock has a market cap of $653.69 million, a P/E ratio of -4.76 and a beta of 2.10.

LendingTree (NASDAQ:TREE) last posted its earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.14. The firm had revenue of $134.40 million for the quarter, compared to analyst estimates of $135.55 million. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. During the same period in the previous year, the firm posted ($0.53) EPS. Equities research analysts anticipate that LendingTree will post -0.04 earnings per share for the current year.

Institutional Investors Weigh In On LendingTree

A number of large investors have recently bought and sold shares of TREE. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of LendingTree by 1.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,280 shares of the financial services provider’s stock valued at $979,000 after buying an additional 553 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of LendingTree by 78.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 1,321 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of LendingTree by 1.4% during the third quarter. Qube Research & Technologies Ltd now owns 116,481 shares of the financial services provider’s stock worth $1,805,000 after purchasing an additional 1,568 shares during the period. Hsbc Holdings PLC grew its position in LendingTree by 8.9% in the 4th quarter. Hsbc Holdings PLC now owns 23,862 shares of the financial services provider’s stock valued at $729,000 after purchasing an additional 1,957 shares during the period. Finally, Intellectus Partners LLC grew its position in LendingTree by 14.6% in the 3rd quarter. Intellectus Partners LLC now owns 16,050 shares of the financial services provider’s stock valued at $249,000 after purchasing an additional 2,050 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.