LendingTree (NASDAQ:TREE) Stock Rating Raised to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of LendingTree (NASDAQ:TREE) from a hold rating to a buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of LendingTree in a research note on Monday, September 21st. Truist Financial reduced their price target on LendingTree from $70.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on LendingTree from $48.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods dropped their price target on shares of LendingTree from $70.00 to $58.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Northland Securities set a $60.00 price target on shares of LendingTree in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $53.60.

LendingTree Stock Performance

LendingTree stock opened at $37.01 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.57 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $519.62 million, a P/E ratio of 5.27 and a beta of 1.99. The stock’s 50 day moving average is $26.89 and its 200 day moving average is $37.55. LendingTree has a twelve month low of $23.50 and a twelve month high of $68.93.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported ($5.15) earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($6.41). The company had revenue of $343.59 million for the quarter, compared to the consensus estimate of $329.72 million. LendingTree had a net margin of 7.60% and a return on equity of 15.92%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the business earned $1.70 EPS. On average, equities research analysts predict that LendingTree will post 3.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in LendingTree in the 2nd quarter worth $54,329,000. Punch & Associates Investment Management Inc. purchased a new position in LendingTree during the second quarter valued at $32,140,000. Jennison Associates LLC lifted its position in LendingTree by 74.0% during the first quarter. Jennison Associates LLC now owns 1,020,211 shares of the financial services provider’s stock valued at $43,747,000 after purchasing an additional 434,038 shares in the last quarter. S Squared Technology LLC bought a new stake in LendingTree during the second quarter valued at about $4,795,190. Finally, Arrowstreet Capital Limited Partnership grew its holdings in LendingTree by 33.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 274,366 shares of the financial services provider’s stock valued at $11,765,000 after purchasing an additional 68,466 shares during the period. Institutional investors own 68.26% of the company’s stock.

LendingTree Company Profile

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.