LendingTree (NASDAQ:TREE) Stock Gets Downgrade from Wall Street Zen

by · The Markets Daily

LendingTree (NASDAQ:TREE – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently weighed in on the company. Zacks Research downgraded LendingTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Truist Financial lowered their target price on 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 report on Monday, September 21st. Keefe, Bruyette & Woods dropped their target price on LendingTree from $70.00 to $58.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Finally, Northland Securities set a $60.00 price target on LendingTree in a research note on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.33.

View Our Latest Report on TREE

LendingTree Price Performance

Shares of NASDAQ:TREE opened at $26.81 on Friday. LendingTree has a one year low of $23.50 and a one year high of $68.93. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market cap of $376.41 million, a price-to-earnings ratio of 2.08 and a beta of 2.04. The firm has a 50 day simple moving average of $26.85 and a 200 day simple moving average of $35.42.

LendingTree (NASDAQ:TREE – Get Free Report) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.73). The company had revenue of $313.42 million for the quarter, compared to the consensus estimate of $315.56 million. LendingTree had a return on equity of 14.57% and a net margin of 14.33%. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.13 EPS. Research analysts predict that LendingTree will post 3.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LendingTree

A number of hedge funds have recently added to or reduced their stakes in TREE. Arrowstreet Capital Limited Partnership lifted its stake in LendingTree by 33.3% in 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 buying an additional 68,466 shares during the period. Punch & Associates Investment Management Inc. acquired a new stake in shares of LendingTree during the 2nd quarter worth approximately $32,140,000. Bank of America Corp DE acquired a new stake in shares of LendingTree during the 2nd quarter worth approximately $1,825,000. Bank of New York Mellon Corp acquired a new stake in shares of LendingTree during the 2nd quarter worth approximately $1,612,000. Finally, S Squared Technology LLC bought a new stake in shares of LendingTree in the 2nd quarter valued at $4,795,190. 68.26% of the stock is currently owned by institutional investors.

LendingTree Company Profile

(Get Free Report)

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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