LendingTree, Inc. (NASDAQ:TREE) Stock Position Raised by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lifted its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 9.3% during the second quarter, Holdings Channel reports. The firm owned 280,731 shares of the financial services provider’s stock after purchasing an additional 23,995 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in LendingTree were worth $11,676,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TREE. Versor Investments LP acquired a new stake in LendingTree during the 2nd quarter worth about $204,000. Bank of New York Mellon Corp raised its holdings in shares of LendingTree by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 40,268 shares of the financial services provider’s stock valued at $1,675,000 after acquiring an additional 2,830 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of LendingTree in the 2nd quarter valued at approximately $8,380,000. SG Americas Securities LLC boosted its stake in LendingTree by 297.2% in the 2nd quarter. SG Americas Securities LLC now owns 11,797 shares of the financial services provider’s stock worth $491,000 after purchasing an additional 8,827 shares during the period. Finally, CWM LLC grew its position in LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 420 shares in the last quarter. 68.26% of the stock is owned by hedge funds and other institutional investors.

LendingTree Trading Down 2.3 %

NASDAQ:TREE opened at $51.79 on Friday. The company has a market capitalization of $684.92 million, a P/E ratio of -4.99 and a beta of 2.12. The stock’s 50 day moving average price is $50.02 and its 200 day moving average price is $44.25. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.82 and a current ratio of 1.82. LendingTree, Inc. has a 52 week low of $10.12 and a 52 week high of $62.27.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.19). The business had revenue of $210.10 million for the quarter, compared to analyst estimates of $187.41 million. LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. On average, research analysts forecast that LendingTree, Inc. will post -0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Oppenheimer increased their target price on LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Northland Securities raised their price objective on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. StockNews.com downgraded LendingTree from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. Susquehanna raised their price target on shares of LendingTree from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Finally, Stephens upped their price objective on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, LendingTree presently has an average rating of “Moderate Buy” and an average price target of $58.13.

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.