LendingTree (NASDAQ:TREE - Free Report) had its price target lifted by JPMorgan Chase & Co. from $65.00 to $68.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an overweight rating on the financial services provider's stock.
Several other analysts have also recently commented on TREE. StockNews.com upgraded LendingTree from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Northland Capmk upgraded LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Needham & Company LLC reduced their target price on LendingTree from $78.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday. Stephens reiterated an "overweight" rating and issued a $69.00 target price on shares of LendingTree in a report on Thursday. Finally, Northland Securities upgraded LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $65.75.
Check Out Our Latest Report on TREE
LendingTree Stock Performance
Shares of LendingTree stock traded down $0.72 during trading on Thursday, reaching $48.62. The company's stock had a trading volume of 604,508 shares, compared to its average volume of 230,253. The business's 50-day moving average price is $42.38 and its 200-day moving average price is $47.72. The firm has a market cap of $649.66 million, a PE ratio of -18.01 and a beta of 2.14. LendingTree has a 52 week low of $33.58 and a 52 week high of $62.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.
Institutional Trading of LendingTree
Several hedge funds have recently bought and sold shares of the business. Emerald Advisers LLC grew its position in LendingTree by 1.4% in the 4th quarter. Emerald Advisers LLC now owns 361,220 shares of the financial services provider's stock valued at $13,997,000 after purchasing an additional 4,831 shares during the period. Blue Grotto Capital LLC lifted its stake in LendingTree by 4.1% during the 4th quarter. Blue Grotto Capital LLC now owns 301,784 shares of the financial services provider's stock valued at $11,694,000 after acquiring an additional 11,784 shares in the last quarter. Geode Capital Management LLC lifted its stake in LendingTree by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider's stock valued at $14,697,000 after acquiring an additional 2,595 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in LendingTree by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider's stock valued at $9,393,000 after acquiring an additional 15,400 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in LendingTree by 15.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 204,896 shares of the financial services provider's stock valued at $7,940,000 after acquiring an additional 27,887 shares in the last quarter. Institutional investors and hedge funds own 68.26% of the company's stock.
About LendingTree
(
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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.
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