LendingTree (NASDAQ:TREE) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of LendingTree (NASDAQ:TREE) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Other research analysts also recently issued reports about the stock. Truist Financial lifted their target price on shares of LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC boosted their price objective on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods increased their target price on shares of LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Northland Securities boosted their price target on LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Finally, Susquehanna increased their price objective on LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, LendingTree presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Price Performance

TREE opened at $47.10 on Friday. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 1.82. The stock’s 50 day simple moving average is $55.89 and its 200 day simple moving average is $49.47. The firm has a market cap of $628.41 million, a price-to-earnings ratio of -17.44 and a beta of 2.11. LendingTree has a 1 year low of $13.87 and a 1 year high of $62.49.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in LendingTree in the third quarter worth $1,612,000. Lisanti Capital Growth LLC bought a new stake in shares of LendingTree during the 3rd quarter valued at $3,651,000. Emerald Advisers LLC grew its position in shares of LendingTree by 3.0% in the 3rd quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock worth $20,681,000 after buying an additional 10,497 shares during the period. Congress Asset Management Co. increased its stake in shares of LendingTree by 15.8% in the 3rd quarter. Congress Asset Management Co. now owns 21,885 shares of the financial services provider’s stock worth $1,270,000 after acquiring an additional 2,990 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in LendingTree during the 3rd quarter valued at about $203,000. Institutional investors own 68.26% of the company’s stock.

LendingTree Company Profile

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.