BofA Merrill Issues an Upgrade on LendingTree (NASDAQ:TREE) Shares. What’s Next?


LendingTree (NASDAQ:TREE) Stock Upgrade

LendingTree (NASDAQ:TREE)’s stock was raised to a solid Buy by investment advisers at BofA Merrill. TREE’s past Neutral rating is has been discontinued by the brokerage firm.

From a total of 8 analysts covering LendingTree (NASDAQ: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 41.48% above today’s ($101.55) stock price. LendingTree was the topic of 9 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Bank of America initiated shares on November 18 with “Neutral” rating. Needham maintained shares with “Buy” rating and $140 target share price in a report from an October 27. Guggenheim initiated TREE stock in a recent report from November 16 with “Buy” rating. BWS Financial maintained the rating on October 26. BWS Financial has a “Buy” rating and a $150 price target on shares. Finally, RBC Capital Markets initiated the stock with “Outperform” rating in a report issued on a November 9.

Approximately 335,636 shares of stock traded hands. Lendingtree Inc (NASDAQ: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 is positive, 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, 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 58.15 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).