Tree.com (NYSE:TREE) Receives a Higher Rating From Bank of America (Merrill Lynch). What’s The Reasoning Behind This Move?

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Tree.com (NYSE:TREE) Stock Upgrade

New York-listed Tree.com (NYSE:TREE), was boosted by equity analysts at Bank of America (Merrill Lynch). The firm boosted its rating on the $1.07B market capitalized company to a respectable “Buy” from their past rating of “Neutral”.

From a total of 8 analysts covering Tree.com (NYSE:TREE) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 88% of the ratings are positive. The highest target price is $150 while the lowest target price is $122. The mean of all analyst targets is $143.38 with a 41.57% above today’s ($101.48) stock price. Tree.com was the topic of 6 analyst reports since October 26, 2015 according to the firm StockzIntelligence Inc. Bank of America initiated shares on November 18 with “Neutral” rating. BWS Financial maintained shares with “Buy” rating and $150 target share price in a report from an October 26. Suntrust Robinson initiated TREE stock in a recent report from November 9 with “Buy” rating. Finally, Needham maintained the stock with “Buy” rating in a report issued on an October 27.

Approximately 408,950 shares of stock traded hands. Lendingtree Inc (NYSE:TREE) has risen 65.43% since May 7, 2015 and is uptrending. It has outperformed by 67.36% the S&P500.

The overall sentiment of institutions has increased to 1.46 in Q2 2015. Its up 0.33, from 1.13 in 2015Q2. The ratio increased, as 16 institutions have sold all the shares of Lendingtree Inc that they owned while 47 funds have taken shares off the table. 53 funds have purchased shares for the first time while 39 added to their positions. These institutions now hold 5.42 million shares or 41.29% less than the 9.23 million shares they owned in 2015Q2.

The Fund G2 Investment Partners Management Llc currently is holding shares equating to 13.65% of its total portfolio in Lendingtree Inc representing a total of 392,914 shares. Another fund,Timpani Capital Management Llc, is holding a total of 94,457 shares equating to 3.54% of their holdings. Additionally, P.A.W. Capital Corp has a 30,000 share stake in Lendingtree Inc which represents 3.2% of their total portfolio. The Fund, Emerald Mutual Fund Advisers Trust, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 1.67% of their total portfolio. Finally Emerald Advisers Inc Pa, a fund which is based in the state of Pennsylvania reported a total holdings of 246,603 shares.

LendingTree, Inc. , formerly Tree.com, Inc. is engaged in operating an online loan marketplace for clients an array of loan types and other credit offerings. The company has a market cap of $1.07 billion. The Firm offers clients tools and resources, including free credit scores, which help them to comparison-shop for mortgage loans, home equity loans and lines of credit, reverse mortgages, personal loans, auto loans, student loans, credit cards, small business loans and other related offerings. It has 58.11 P/E ratio. And, upon submitting their relevant information to the Company through an inquiry form, it seeks to match in-market clients with multiple lenders on its marketplace.

According to Zacks Investment Research, “LendingTree is the nation’s leading online loan marketplace, empowering consumers as they comparison-shop across a full suite of loan and credit-based offerings. LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 55 million loan requests. LendingTree provides free monthly credit scores through My LendingTree and access to its network of over 350 lenders offering home loans, personal loans, credit cards, student loans, business loans, home equity loans/lines of credit, auto loans and more. LendingTree, LLC is a subsidiary of LendingTree, Inc.” Get a free copy of the Zacks research report on Lendingtree Inc (TREE).

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