LendingTree, Inc. (NASDAQ:TREE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of LendingTree, Inc. (NASDAQ:TREE) have been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $61.3333.

Several brokerages recently commented on TREE. Weiss Ratings reissued a “hold (c)” rating on shares of LendingTree in a research note on Wednesday, June 24th. JPMorgan Chase & Co. began coverage on shares of LendingTree in a research note on Tuesday, April 14th. They set an “overweight” rating and a $50.00 target price on the stock. Zacks Research downgraded shares of LendingTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Needham & Company LLC dropped their price target on LendingTree from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Northland Securities set a $60.00 price objective on LendingTree in a research report on Thursday, July 30th.

LendingTree Stock Up 0.9%

Shares of NASDAQ TREE opened at $32.13 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.89 and a debt-to-equity ratio of 1.20. The company has a market cap of $451.11 million, a price-to-earnings ratio of 2.49 and a beta of 2.04. LendingTree has a 12 month low of $29.77 and a 12 month high of $77.35. The stock has a 50-day moving average price of $39.63 and a two-hundred day moving average price of $42.41.

Institutional Trading of LendingTree

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new position in LendingTree in the 4th quarter valued at approximately $25,000. Fifth Third Bancorp bought a new stake in LendingTree during the 4th quarter worth approximately $32,000. OP Asset Management Ltd bought a new stake in LendingTree during the 1st quarter worth approximately $34,000. Tower Research Capital LLC TRC grew its holdings in LendingTree by 281.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,120 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 826 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new position in LendingTree in the 4th quarter valued at approximately $54,000. 68.26% of the stock is currently owned by institutional investors.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.