LendingTree (NASDAQ:TREE) Rating Increased to Strong-Buy at StockNews.com

LendingTree (NASDAQ:TREE - Get Free Report) was upgraded by stock analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Friday.

Other analysts have also recently issued reports about the company. Needham & Company LLC cut their price objective on LendingTree from $78.00 to $65.00 and set a "buy" rating for the company in a research report on Thursday. Keefe, Bruyette & Woods dropped their price target on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research note on Thursday. Northland Capmk raised shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price target on shares of LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Northland Securities raised shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price target on the stock in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $65.75.

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LendingTree Stock Performance

NASDAQ:TREE traded down $0.72 during trading hours on Friday, reaching $48.62. The company had a trading volume of 604,508 shares, compared to its average volume of 230,784. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. LendingTree has a 1-year low of $33.58 and a 1-year high of $62.49. The business's 50 day moving average price is $42.38 and its 200-day moving average price is $47.74. The firm has a market cap of $649.66 million, a PE ratio of -18.01 and a beta of 2.07.

Institutional Investors Weigh In On LendingTree

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TREE. Point72 DIFC Ltd raised 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 worth $67,000 after purchasing an additional 499 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of LendingTree during the third quarter worth approximately $32,000. Nuveen Asset Management LLC raised its stake in shares of LendingTree by 0.9% during the fourth quarter. Nuveen Asset Management LLC now owns 75,564 shares of the financial services provider's stock worth $2,928,000 after purchasing an additional 689 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of LendingTree by 248.0% during 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 last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of LendingTree during the fourth quarter worth approximately $36,000. Hedge funds and other 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.

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