LendingTree (NASDAQ:TREE) Price Target Cut to $66.00 by Analysts at Keefe, Bruyette & Woods

LendingTree (NASDAQ:TREE - Get Free Report) had its price target cut by investment analysts at Keefe, Bruyette & Woods from $73.00 to $66.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 35.75% from the stock's current price.

Other analysts have also recently issued reports about the company. Northland Securities raised LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price objective on the stock in a report on Tuesday, January 21st. Northland Capmk raised shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. Needham & Company LLC decreased their target price on shares of LendingTree from $78.00 to $65.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, StockNews.com raised shares of LendingTree from a "hold" rating to a "buy" rating in a report on Friday, February 14th. One investment 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. According to MarketBeat, LendingTree has an average rating of "Buy" and a consensus target price of $65.75.

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LendingTree Price Performance

Shares of TREE stock traded down $0.72 during trading hours on Thursday, hitting $48.62. The stock had a trading volume of 604,508 shares, compared to its average volume of 230,253. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $649.66 million, a price-to-earnings ratio of -18.01 and a beta of 2.14. LendingTree has a one year low of $33.58 and a one year high of $62.49. The stock's 50-day moving average price is $42.38 and its two-hundred day moving average price is $47.72.

Institutional Trading of LendingTree

Several institutional investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd grew its stake in shares of LendingTree by 77.0% during the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider's stock valued at $67,000 after buying an additional 499 shares during the last quarter. National Bank of Canada FI bought a new position in LendingTree in the 3rd quarter valued at $32,000. Nuveen Asset Management LLC grew its position in LendingTree by 0.9% in the 4th quarter. Nuveen Asset Management LLC now owns 75,564 shares of the financial services provider's stock valued at $2,928,000 after acquiring an additional 689 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in LendingTree by 248.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock worth $46,000 after purchasing an additional 848 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in shares of LendingTree during the fourth quarter worth $36,000. Institutional investors own 68.26% of the company's stock.

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.